The price of 9999 gold rings increased by 700,000 VND/tael compared to the bottom two days ago, while SJC gold bars remained unchanged.
Recently, many people have chosen to buy gold rings, causing the price of gold rings to increase to almost the same level as the price of gold bars - Photo: THANH HIEP
Gold ring price inched up
Today, November 16, the world gold price ended the trading week at 2,563.3 USD/ounce, slightly up from the bottom 2 days ago.
Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 78.84 million VND/tael.
After losing $227.8 an ounce from its peak in just a week, gold's decline has slowed in recent days.
The selling price of SJC gold bars today listed at SJC Company and 4 banks is still at 83.5 million VND/tael, unchanged for the past three days. The buying price at SJC Company is at 80 million VND/tael.
Meanwhile, the selling price of 9999 gold rings at SJC Company increased by 700,000 VND/tael, to 82.4 million VND/tael. The buying price of 9999 gold rings also increased to 79.8 million VND/tael.
Gold prices remain far from peak
Although there has been a recovery, in general, over the past week, the price of SJC gold bars has still evaporated by 6.5 million VND/tael in the selling direction, while 9999 gold rings have decreased by 6.6 million VND/tael.
At the current buying price, if a buyer of SJC gold bars at the peak a week ago sells now, they will lose 10 million VND/tael, while if they buy 9999 gold rings, they will lose 9.1 million VND/tael.
The difference between buying and selling prices of gold remains quite large: 3.5 million VND/tael for SJC gold bars and 2.5 million VND/tael for gold rings.
At Bao Tin Minh Chau Company, the selling price of gold rings today increased to 82.68 million VND/tael. The buying price is 80.88 million VND/tael, an increase of 760,000 VND/tael compared to two days ago.
DOJI Company also increased the selling price of 9999 gold rings to 82.7 VND/tael, an increase of 600,000 VND/tael compared to two days ago, the buying price is at 81 million VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 4.66 million VND/tael higher while the price of gold rings is 3.56 million VND/tael higher.
Please read the updated domestic gold price developments HERE.
Source: https://tuoitre.vn/gia-vang-nhan-tang-700-000-dong-luong-20241116124934432.htm
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