World gold price today (October 23) set a new record, causing domestic gold ring price to increase dramatically.

The price of plain gold rings has been continuously adjusted upwards. Many brands have increased the price of gold rings by more than 1 million VND per tael today, pushing the selling price to 89 million VND per tael for the first time in history.

Specifically, this morning, brands increased the price of gold rings by 300-400 thousand VND per tael compared to yesterday's closing price.

By this afternoon, the domestic gold ring price continued to be adjusted to increase sharply following the upward trend in the world market.

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Gold ring prices increase dramatically. Photo: Nguyen Hue

The price of 9999 gold rings on the afternoon of October 23 set a new record at 89 million VND/tael (selling).

Specifically, this afternoon, Doji Gold and Gemstone Group raised the price of 9999 plain round gold rings to 88-89 million VND/tael (buy - sell), an increase of 1.2 million VND per tael in both buying and selling compared to yesterday's closing price. This is the highest price ever for plain round gold rings in the country.

Similarly, Bao Tin Minh Chau Company increased the price of Thang Long Dragon gold rings to 87.48-88.98 million VND/tael (buy - sell), also increasing by 1.2 million VND per tael in both directions.

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 87,600,000 VND/tael 88,900,000 VND/tael
Thang Long Dragon Gold 87,480,000 VND/tael 88,980,000 VND/tael

Gold price list for engagement rings on October 23

Not out of the trend, Phu Nhuan Jewelry Company (PNJ) raised the price of gold rings to 87.6-88.9 million VND/tael, an increase of 1.3 million VND/tael in both buying and selling.

Meanwhile, Saigon Jewelry Company (SJC) this afternoon increased the price of 1-5 chi gold rings to 87-88.5 million VND/tael (buy - sell), 1 million VND/tael more expensive for buying and 1.2 million VND/tael more expensive for selling compared to yesterday's closing price.

The price of plain gold rings has increased continuously in the past 10 days. Compared to mid-October, each tael of plain gold rings has increased by more than 5 million VND.

Compared to the price of 61.9-62.95 million VND/tael in the first trading session of the year (January 3), the price of SJC gold rings has increased by 25.1 million VND/tael for buying and 25.55 million VND/tael for selling.