The world gold price continues to rise, causing the domestic gold ring price to increase as well. This morning, many brands increased the price of gold rings by more than 1 million VND per tael compared to yesterday's closing price.

Specifically, at 10:50 a.m., Doji Gold and Gemstone Group increased the price of 9999 plain round gold rings to VND82-83 million/tael (buy - sell), an increase of VND1.4 million/tael in buying and VND1.35 million in selling compared to yesterday's closing price. This is the highest price ever for plain round gold rings in the country.

Bao Tin Minh Chau Company also increased the price of Thang Long Dragon gold rings to 81.68-82.78 million VND/tael (buy - sell), an increase of 1.14 million VND/tael in both directions compared to yesterday's closing price.

Similarly, Saigon Jewelry Company (SJC) increased the price of gold rings of types 1-5 by only 800 thousand VND/tael for buying and 1 million VND/tael more expensive for selling, to 80.8-82.3 million VND/tael (buying - selling).

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Gold ring price hits new peak. Photo: Chi Hieu

Meanwhile, Phu Nhuan Jewelry Company (PNJ) raised the price of gold rings to 81.5-82.5 million VND/tael, an increase of 800,000 VND/tael in buying price and 850,000 VND/tael in selling price compared to the closing price yesterday.

In the past week, domestic gold ring prices have increased sharply following world gold prices.
There were some sessions when the price of gold rings increased by more than half a million dong.

Just this morning, the price of gold rings of many brands has increased by more than 1 million VND per tael compared to yesterday's closing price.

At the end of the trading session on September 17, the price of SJC 1-5 chi gold rings was listed at 77.9-79.2 million VND/tael (buy - sell). The price of Doji's plain round gold rings closed the session on September 17 at 78 million VND/tael for buying and 79.2 million VND/tael (buy - sell).

Thus, after 1 week, Doji's gold ring price increased by 4 million VND/tael for buying and was 3.8 million VND/tael more expensive for selling. SJC's gold ring price also increased by 2.9 million VND/tael for buying and was 3.1 million VND/tael more expensive for selling.

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 18.9 million VND/tael for buying and 19.35 million VND/tael for selling.

Meanwhile, the price of SJC gold bars today remained the same as yesterday's closing price, 81.5-83.5 million VND/tael (buy - sell).

The difference between SJC gold rings and gold bars is increasingly narrowing. From a difference of more than VND10 million/tael at the beginning of the year, the price of plain round gold rings is now only VND700,000/tael lower for buying and VND1.2 million/tael lower for selling compared to the price of SJC gold bars.

Domestic gold prices increased rapidly following the trend in the international market. Gold prices continued to increase after the US Federal Reserve (Fed) reduced interest rates by 0.5%.

World gold prices hit a new peak when they surpassed 2,660 USD per ounce, due to Middle East tensions and less optimistic data on the US economy.

At 10:51 a.m. today (September 25, Vietnam time), the world spot gold price was at 2,660.2 USD/ounce, up 26.2 USD/ounce compared to last night.

Converted at the VND/USD exchange rate at Vietcombank, the international gold price is equivalent to nearly VND80.1 million/tael, including taxes and fees. The world gold price is currently VND3.4 million lower than the price of SJC gold bars and VND2.2 million lower than the price of SJC gold rings.

Gold price today, September 25, 2024 increased 'crazily', gold rings set a record of 82.5 million . Gold price today, September 25, 2024 in the world increased continuously, continuing to set a new peak of over 2,662 USD/ounce. Domestically, gold rings increased continuously to 82.5 million VND/tael (sold), SJC gold bars remained at 83.5 million VND.