Specifically, early this morning, Doji Gold and Gemstone Group raised the price of 9999 gold rings to 87.9-88.9 million VND/tael (buy - sell), an increase of 200 thousand VND per tael compared to the end of yesterday's trading session.

By noon today, Doji adjusted the price of gold rings up by 100,000 VND per tael for both buying and selling compared to early this morning, regaining the record mark of 88-89 million VND/tael (buying - selling).

Overall today, the price of gold rings at Doji increased by 300 thousand VND per tael in both directions compared to yesterday's closing price.

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Gold ring price regains 89 million VND mark. Photo: Nguyen Hue

Phu Nhuan Jewelry Company (PNJ) today raised the buying price of gold rings to VND87.8 million/tael, an increase of VND200,000/tael compared to yesterday's closing price. The selling price of gold rings increased by VND10,000/tael compared to yesterday's closing price, to VND88.9 million/tael.

Bao Tin Minh Chau Company today raised both the buying and selling prices for Thang Long dragon gold rings.

Accordingly, the price of Thang Long gold rings and dragon gold was adjusted up by 100,000 VND in both buying and selling compared to yesterday's closing price, to 87.98-88.98 million VND/tael.

Meanwhile, Saigon Jewelry Company (SJC) still kept the price of gold rings at the end of last week, buying and selling gold rings of type 1-5 at only 87-88.5 million VND/tael.

Buy Sell
SJC 87,000,000 VND/tael 88,500,000 VND/tael
Doji 88,000,000 VND/tael 89,000,000 VND/tael
PNJ 87,800,000 VND/tael 88,900,000 VND/tael
Thang Long Dragon Gold 87,980,000 VND/tael 88,980,000 VND/tael

Domestic gold ring price list closing session October 29

SJC gold bar price today still maintains the trading level of 87-89 million VND/tael (buy - sell).

The buying price of gold rings and gold bars at SJC is currently the same. Other businesses are listing the buying price of gold rings higher than the buying price of SJC gold bars from VND800,000 to VND1 million per tael.

The selling price of gold rings at some brands is now equal to that of SJC gold bars.

Domestic gold ring prices increased rapidly following developments in the international market.

At 6:03 p.m. today (October 29, Vietnam time), the world spot gold price was at 2,750 USD/ounce, near the record high of 2,758.37 USD/ounce recorded last week.

Gold prices have quickly recovered due to a number of factors that have reinforced the precious metal’s status as a top safe-haven asset. Gold prices are forecast to easily reach $3,000 an ounce by 2025.