This afternoon, October 24, the selling price of 9999 gold rings returned to the threshold of 89 million VND/tael after the world gold price recovered strongly.
The price of gold rings is equal to the price of gold bars, something that was very difficult to happen before - Photo: TT
At 4:00 p.m. this afternoon, the world gold price returned to the threshold of 2,738 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 84.09 million VND/tael.
Gold ring price holds at 89 million VND/tael
The price of 9999 gold rings also continued to rise. This morning, DOJI Company reduced the selling price of gold rings to 88.95 million VND/tael, but this afternoon it increased the selling price to 89 million VND/tael. The buying price is at 88 million VND/tael.
Bao Tin Minh Chau Company slightly reduced the selling price of gold rings from 89 million VND/tael to 88.98 million VND/tael. However, the difference between buying and selling prices is very large, up to 1.5 million VND/tael.
Meanwhile, SJC Company kept the selling price of 9999 gold rings at 88.5 million VND/tael, and the buying price at 87 million VND/tael.
In just the last two days, the selling price of 9999 gold rings at gold companies has increased by 2.4 - 2.5 million VND/tael, following the increase in world gold prices.
Thus, after many days of chasing, the price of 9999 gold rings and the price of SJC gold bars have leveled the gap.
The price of gold has increased, but only benefits those who have bought and kept gold in the past. In recent months, it has been very difficult to buy gold rings and SJC gold bars, because gold bars must be ordered online in limited quantities.
The market has also been short of gold rings for a long time, after authorities stepped in to destroy illegal gold rings.
Before, you could buy as much gold as you wanted, but in the past few months it has been very difficult to buy. Some brands require you to pay first and receive the gold later, and some places only allow you to buy a maximum of 2 taels per person.
Will the world gold price reach 2,800 USD/ounce this week?
Last night, the world gold price plummeted to 2,712.6 USD/ounce, under pressure from the USD and bond yields as well as profit-taking pressure.
However, the world gold price later recovered strongly, due to the need to hedge against risks in the context of prolonged geopolitical tensions in the Middle East, and on the eve of the US presidential election.
There are predictions that gold prices could reach $2,800 an ounce by the end of this week, thanks to demand for risk protection. In addition, side information about the upcoming US election is also a factor affecting gold prices.
Please read the updated domestic gold price developments HERE.
Gold prices plummetSource: https://tuoitre.vn/gia-vang-tang-giam-loan-xa-2024102416503952.htm
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