Gold ring price exceeds 87 million VND/tael, highest ever - Photo: PHUONG QUYEN
The price of SJC gold bars also increased by 1 million VND/tael, approaching the 90 million VND/tael mark.
Gold ring price in some places increased to 1.7 million VND/tael
This afternoon, the world gold price was at 2,734.6 USD/ounce, up about 6 USD/ounce compared to yesterday. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 83.91 million VND/tael.
The increase in world gold prices has caused the selling price of SJC gold bars at SJC Company and 4 banks in the Big 4 group to increase by 1 million VND/tael, to 89 million VND/tael.
Gold ring prices also continue to rise.
SJC Company increased the selling price of 9999 gold rings by 1.1 million VND/tael, to 86.8 million VND/tael. The buying price also increased by 1.1 million VND/tael, to 85.5 million VND/tael.
The difference between buying and selling prices remains at 1.3 million VND/tael.
At Bao Tin Minh Chau Company, the selling price of gold rings skyrocketed from VND85.68 million/tael to VND87.38 million/tael, equivalent to an increase of VND1.7 million/tael.
Similarly, DOJI Company also increased the selling price of 9999 gold rings from 85.7 million VND/tael to 87.2 million VND/tael.
Thus, after many days of chasing, the price of 9999 gold rings and the price of SJC gold bars once again narrowed the gap to 1.62 million VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 5.09 million VND/tael higher, while the price of gold rings is 2.99 - 3.47 million VND/tael higher.
World gold prices have increased by more than 31% since the beginning of the year.
This year has been a record year for gold prices. The world gold price has increased by more than 31% and set an all-time price record more than 30 times.
Just last week, the world gold price increased by about 2.4% due to news about tensions in the Middle East. In addition, the European Central Bank (ECB) had its third interest rate cut this year, continuing to support the gold price.
In the US financial market, investors are leaning towards the possibility of former President Donald Trump being re-elected. This information also resonates to contribute to pushing up gold prices.
Recently, many experts predict that the price of gold will reach 2,941 USD/ounce in the next 12 months, even reaching 3,000 USD/ounce in 2025.
Investors are now betting on a nearly 91% chance that the US Federal Reserve will cut interest rates by 0.25% at its next meeting. Others predict that the Fed will not cut interest rates.
Please read the updated domestic gold price developments HERE.
Source: https://tuoitre.vn/gia-vang-nhan-tang-nhu-vu-bao-vuot-87-trieu-dong-luong-20241022140102378.htm
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