Today, the price of 9999 gold rings has exceeded 84 million VND/tael - Photo: TT
9999 gold ring price highest ever
Domestic gold prices set a new record in the context of world gold prices reversing sharply since last night, from 2,640 USD/ounce to 2,676 USD/ounce this afternoon, October 16.
This level is only about 9 USD/ounce lower than the record level recorded in the session of September 26 (2,685 USD/ounce).
Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 81.2 million VND/tael.
Today, Saigon Jewelry Company (SJC) listed the price of gold bars at 86 million VND/tael, an increase of 1 million VND/tael compared to yesterday. The buying price also increased to 84 million VND/tael.
At commercial banks, the selling price is also at 86 million VND/tael.
SJC Company continuously raised the selling price of 9999 gold rings, from 83 million VND/tael to 83.8 million VND/tael and then 83.9 million VND/tael. The price of small weight gold rings reached 84 million VND/tael. This is the highest price of gold rings ever, far surpassing the old record of 83.55 million VND/tael.
Bao Tin Minh Chau Company today increased the selling price of gold rings to 84.08 million VND/tael, an increase of 250,000 VND/tael. The buying price increased by 200,000 VND/tael, to 83.13 million VND/tael.
At DOJI Company, the selling price of 9999 gold rings skyrocketed to 84.1 million VND/tael, and the buying price was 83.1 million VND/tael.
In the free market, SJC gold bar price is traded around 86.5 - 85.5 million VND/tael (sell - buy), an increase of 700,000 VND/tael compared to the beginning of the week.
Meanwhile, the price of gold rings in the free market is around 82.9 - 82.3 million VND/tael (selling - buying).
The gap between domestic and world gold prices narrows
Compared to the converted world gold price, the price of SJC gold bars is 4.8 million VND/tael higher, while the price of gold rings is 2.8 million VND/tael higher.
Thus, the gap between domestic and world gold prices has narrowed significantly compared to previous days.
Many factors are currently supporting the rise in gold prices. According to a newly released report by the International Monetary Fund (IMF), global public debt is expected to exceed $100 trillion, equivalent to about 93% of global GDP by the end of this year, significantly higher than current projections.
Stocks plunged on the news, while gold continued to rise amid economic uncertainty.
According to the annual survey released by the London Bullion Market Association (LBMA) in 2024, 45% of respondents expect silver to outperform. Meanwhile, 37% believe gold will be the leading asset in the industry, with platinum in third place.
Currently, investors are anxiously watching to see whether the world gold price will reach the threshold of 2,700 USD/ounce in this price increase.
Source: https://tuoitre.vn/gia-vang-nhan-xo-do-ky-luc-cu-vang-mieng-len-86-trieu-dong-luong-20241016151620818.htm
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