SJC gold price continues to increase sharply, exceeding 79 million VND/tael

12/26/2023 10:08 Ha Loan Print article

ANTD.VN - Contrary to the cautious sentiment of many experts, the price of SJC gold is still increasing tirelessly, officially surpassing 79 million VND/tael this morning, December 26.

After a strong increase of 1.5 - 1.7 million VND per tael yesterday, the price of SJC gold has not seen a break.

This morning, the gold price list of enterprises continued to be adjusted upward. As of 9:30 a.m., Saigon Jewelry Company (SJC) listed the price of gold bars at 78.00 - 79.02 million VND/tael, an increase of 600 thousand VND/tael in both buying and selling compared to the closing price yesterday.

DOJI Group also adjusted the price of SJC gold to increase by 600 thousand VND per tael in both buying and selling directions, to 77.90 - 79.10 million VND/tael.

Phu Quy Group increased the buying price by 600 thousand VND/tael and the selling price by 500 thousand VND/tael, listed at 77.90 - 78.90 million VND/tael; Bao Tin Minh Chau 78.20 - 79.20 million VND/tael...

SJC gold still increases rapidly

While SJC gold increased rapidly, 99.99 gold fluctuated more gently. This morning, SJC 99.99 rings were listed at 62.35 - 63.40 million VND/tael, an increase of 300 thousand VND per tael; PNJ gold was listed this morning at 62.25 - 63.35 million VND/tael, an increase of 250 thousand VND per tael; Bao Tin Minh Chau's Thang Long Dragon Gold was 62.93 - 63.88 million VND/tael...

Globally, the US and European markets reopened after the Christmas holidays in a fairly positive state. However, the increase in world gold prices was not too sudden. As of now, spot gold is trading around 2,064.5 USD/ounce, up 11 USD/ounce compared to before the holidays.

It can be seen that the SJC gold fever is hotter than expected by gold traders as well as experts. Just from December 18th until now, the gold price has increased to about 4.5 million VND per tael, continuously breaking previous records.

Since the beginning of the year, the increase of this gold brand has reached more than 12 million VND per tael, equivalent to an increase of about 18% - the best performance when compared with other investment channels such as stocks - real estate or savings.

However, in reality, gold prices have only increased sharply in the past few months, and the market has also witnessed a sharp increase in new gold buyers in recent days.

This may be due to the high demand for SJC gold in the context of savings deposit interest rates falling to record lows while many high-interest deposits from late last year and early this year have matured.

Participating in the market at such a high price is considered very risky, because the price of SJC gold is too different from the world market, pushed up by fever and scarcity when for nearly 12 years, since Decree 24/2012 took effect, the source of gold bars has not been supplemented.

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