Saigon Jewelry Company - SJC increased the price of 4-9 gold rings by 100,000 VND per tael, buying at 62.8 million VND, selling at 64.1 million VND. Meanwhile, some companies reduced the price of gold rings by 200,000 - 300,000 VND/tael. Bao Tin Minh Chau Company bought gold rings at 63.78 million VND, selling at 64.88 million VND. Doji Group bought at 63.45 million VND, selling at 64.65 million VND...
On the contrary, the price of SJC gold bars decreased by 300,000 VND per tael compared to early this morning. SJC Company bought for 73.5 million VND, sold for 76 million VND. Doji Group bought for 73.45 million VND, sold for 75.95 million VND. Bao Tin Minh Chau Company bought for 73.55 million VND, sold for 75.85 million VND...
Gold ring prices at near record levels
Unlike previous sessions, when the price of gold bars fluctuated strongly, attracting the attention of the market, now the price of gold rings fluctuates unpredictably. This leads to the price of SJC gold bars being 15.8 million VND/tael higher than the world price, and gold rings being 3.8 million VND/tael higher. The gap in the price of gold rings has been increasing in recent days. The precious metal on the international market decreased by 7 USD/ounce during the day, down to 2,023 USD/ounce.
Explaining the high fluctuation in gold ring prices, Mr. Nguyen Ngoc Trong - Director of New Partner Gold Company, said that gold traders are preparing gold for the sale on the day of God of Wealth (the 10th day of Lunar New Year), so the demand for gold rings is increasing. Unless the international gold price fluctuates strongly downward, forcing the domestic price to drop, the price will remain high during this period.
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