Gold ring price skyrocketed to over 65 million VND/tael

Bao Tin Minh Chau Company bought gold rings at 64.03 million VND/tael, sold at 65.03 million VND/tael. Although the gold price increased each time from 50,000 - 100,000 VND, the total increase of this company in the day was 650,000 VND/tael. Doji Group increased the price of gold rings by 550,000 VND/tael, buying at 63.75 million VND, selling at 64.65 million VND. Saigon Jewelry Company - SJC increased the price of gold rings by 300,000 VND/tael, to 62.6 million VND for buying, selling at 63.85 million VND... Gold rings set a record when the price exceeded 65 million VND/tael.

The difference in gold ring prices between trading units is 1.2 million VND/tael. The buying price of gold rings of Bao Tin Minh Chau Company is 180,000 VND/tael higher than the selling price of SJC Company. The price of gold rings is increasingly higher than the world price, up to 3.4 - 4.6 million VND/tael.

The price of gold rings is 12 million VND/tael lower than that of SJC gold bars.

Gold fluctuations on January 19: Domestic and world gold prices both increased

With the same quality of 4-number 9 gold, the price of gold rings is 12 million VND/tael lower than that of SJC gold bars. On January 19, the price of SJC gold bars increased to a peak of 77 million VND/tael and increased during the day to 500,000 VND/tael. SJC Company bought at 74.3 million VND and sold at 77 million VND; Doji Group bought at 74.45 million VND and sold at 76.95 million VND; Bao Tin Minh Chau Company bought at 74.5 million VND and sold at 76.9 million VND... SJC gold bars are 16.5 million VND/tael higher than the world price.

The precious metal on the international market increased by more than 7 USD/ounce, reaching 2,030 USD/ounce. Tensions in the Middle East heated up, encouraging demand for gold to hedge against risks. However, gold prices are unlikely to break out strongly because of bets on the US Federal Reserve (Fed) cutting interest rates in March.

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