Gold ring price increased by millions of dong, more people buying gold than selling

During the weekend trading session, the price of gold rings was adjusted up by a million VND/tael. The number of investors and people coming to buy gold was greater than the number of sellers.

At 11:00 a.m. on November 16, during the weekend trading session, the price of SJC gold bars remained stable around 80 - 83.5 million VND/tael for buying and selling.

Specifically, at Saigon Jewelry Company Limited, SJC gold price is listed around 80-83.5 million VND/tael for buying and selling.

Similarly, DOJI Group and PNJ Group are also listing SJC gold prices at 80 - 83.5 million VND/tael for buying and selling.

In the context of the "static" price of SJC gold, many people have rushed and lined up to buy gold. Photo taken at Bao Tin Minh Chau store on Cau Giay street on the afternoon of November 15.

In contrast to SJC gold bars, in the weekend trading session, the price of gold rings increased by up to half a million VND/tael.

At 11:00 a.m., Saigon Jewelry Company Limited - SJC listed the price of gold rings at 79.8 - 82.3 million VND/tael for buying and selling. Compared to 5:30 a.m. the same day, the price of gold rings at this unit was adjusted to increase by 800,000 VND/tael for buying and 300,000 VND for selling.

The price of gold rings at DOJI is also listed at 81 - 82.7 million VND/tael for buying and selling. Compared to early morning, the price of gold rings at this unit has increased by 1 million VND/tael for buying and kept the selling price unchanged.

In the context of the domestic gold ring price increasing while the SJC gold bar price remained stable compared to the closing price of yesterday's trading session, according to the reporter's records, the number of investors and people lining up to buy gold increased again.

The number of investors and people lining up to buy gold has increased again these days.

Bao Tin Minh Chau representative recommends that, given the unpredictable developments of gold prices, investors and people should consider carefully when making transactions.

According to the reporter of Cong Thuong Newspaper on the afternoon of November 15 at Bao Tin Minh Chau gold shop on Cau Giay Street, Cau Giay District, Hanoi, the number of people waiting in line to buy gold was quite large, although the shop had announced a limit on the number of people buying gold and the amount of gold sold. Accordingly, each day, the shop only issues 100 gold purchase tickets, and each ticket can only buy and trade 2 taels of gold.

According to gold buyers, to buy gold at this time, they have to queue for 30-60 minutes to get their turn to trade. Although the waiting time is quite long, many people still wait patiently because they think this is the right time to invest, it has been a long time since the price of SJC gold has dropped to 83 million VND/tael for sale.

Also according to Bao Tin Minh Chau representative, at the brand's business establishments, this morning, November 16, the number of customers buying and selling had a ratio of (55% of customers buying and 45% of customers selling).

Giving advice to investors, Bao Tin Minh Chau representative recommended that, given the unpredictable developments of gold prices, investors and people should consider carefully when trading and regularly monitor gold prices on official channels to make the most correct decisions.

World gold prices were stable, with spot gold falling $3.7 to $2,563.2 an ounce. Gold futures last traded at $2,566.7 an ounce, down $7.1 from early this morning.

Gold prices steadied in the final trading session of the week, holding near a two-month low. A strong recovery in the US dollar and expectations that the US Federal Reserve will be less aggressive in cutting interest rates in succession weighed on gold, sending the precious metal to its worst weekly performance in more than three years.

Gold has been negatively impacted by the US election, according to market analyst Carlo Alberto De Casa of Kinesis Money. He said the trend could reverse if uncertainties return in the medium term. Carlo Alberto De Casa added that the market is currently too focused on the strength of the greenback.

Forecasting gold prices in the coming time, economic experts said that higher interest rates make holding gold less attractive because investors can earn higher returns from other assets.

Source: https://congthuong.vn/gia-vang-nhan-tang-ca-trieu-dong-nguoi-mua-vang-nhieu-hon-nguoi-ban-359133.html