Gold price increases continuously, exceeding 115 million VND/tael

The price of gold bars has skyrocketed, now reaching 115.5 million VND/tael. Photo: Duy Hieu.

In the afternoon trading session of April 16, domestic gold prices were continuously adjusted up by businesses, each time increasing by up to a million dong.

At 3:45 p.m., the price of gold bars at SJC Company reached 113 - 115.5 million VND/tael (buy - sell), an increase of 5.7 million VND compared to the opening price in the morning and 7.5 million VND/tael higher than the end of yesterday.

Large domestic enterprises also simultaneously raised the selling price of gold bars to over 115 million VND. On the buying side, the price of this item increased to over 113 million VND/tael.

Along with the increase in gold bars, the price of gold rings at many businesses is also fluctuating above 115 million VND.

Of which, SJC Company traded 99.99% gold rings, type 1-5, at only 110.5 - 113.5 million/tael; PNJ listed at 110.5 - 113.6 million/tael; while both Bao Tin Minh Chau and Bao Tin Manh Hai raised the selling price of gold rings to over 115 million VND/tael.

Previously, at 2 p.m., the trading price of SJC gold bars officially reached a new record of VND113.9 million/tael. In the buying direction, along with SJC Company, a series of large domestic gold enterprises also raised the buying price to VND111.4 million/tael. Compared to early this morning, the price of SJC gold bars increased by VND4.1 million/tael. Compared to the end of yesterday, the increase of gold bars was up to VND5.9 million.

The increase was also recorded in gold rings, with SJC Company listing at 110.2 - 113.2 million VND/tael (buy - sell), an increase of 5.4 million VND compared to the opening price of the morning session and 7.2 million VND/tael higher than the end of yesterday.

Similarly, at PNJ Company, DOJI Group, Phu Quy, Bao Tin Minh Chau, Bao Tin Manh Hai... the selling price of gold rings has now exceeded 113 million VND/tael, while the buying price fluctuates above 110 million VND.

At 10:30 a.m., the selling price of gold bars recorded at SJC Company reached 111 million VND/tael, an increase of 1.2 million VND compared to early morning and 3 million VND higher than yesterday's closing price.

On the buying side, SJC's price for gold bars is currently at 108.5 million VND/tael, an increase of 1.7 million VND compared to early this morning and also 3 million VND higher than at the end of April 15.

Similarly, large domestic gold enterprises such as PNJ, Bao Tin Minh Chau, Bao Tin Manh Hai, DOJI Group, Phu Quy Group... also simultaneously raised the trading price of SJC gold bars to 111 million VND/tael, the highest ever.

An even larger increase was recorded in the price of gold rings. SJC Company currently lists the price of 99.99% gold rings, type 1-5, at only 108 - 110.5 million VND/tael, an increase of 2.7 million VND compared to the beginning of the morning session. Compared to the end of yesterday, the price of gold rings at SJC has increased by 4.5 million VND/tael.

PNJ Company is also listing the price of gold rings at 108 - 110.5 million VND/tael, an increase of 3.8 million VND compared to this morning and 4.5 million VND compared to yesterday.

The price of gold rings at DOJI and Phu Quy Groups is currently also being sold at 110.5 million/tael, while the buying price fluctuates around 108 million VND.

Bao Tin Minh Chau and Bao Tin Manh Hai have both raised the price of gold rings to 108.3 million VND/tael (buy) and 111 million VND/tael (sell).

Previously, on the morning of April 16, Saigon Jewelry Company (SJC) anchored the price of gold bars at 106.8 - 109.8 million VND/tael, an increase of 1.3 million VND for buying and 1.8 million VND for selling compared to the closing price of the previous session.

Similarly, Phu Nhuan Jewelry Joint Stock Company (PNJ), Bao Tin Minh Chau, Bao Tin Manh Hai, DOJI Group, and Phu Quy Group also adjusted the price of gold bars to be equal to SJC.

Thus, the price of SJC gold bars traded at these large enterprises has increased by more than VND10 million per tael in the past 7 days, equivalent to a net increase of more than 10%.

Notably, Mi Hong Company is the unit that adjusted the price of gold bars the most strongly in this morning's trading session.

Each tael of SJC gold bar at Mi Hong increased by 1 million VND for buying and 2 million VND for selling to climb straight to the highest level in the market and at the same time set a new historical high at 107.5 - 110.5 million VND/tael.

Gold bars are the product that has seen the strongest and most consistent increases over the past 6 months.

Compared to the beginning of the year, the price of SJC gold bars has increased by more than VND26 million per tael, equivalent to a net increase of more than 31%. This outstanding growth has surpassed a series of other profitable assets such as stocks, real estate, bonds or bank deposits.

Not only gold bars, 9999 gold rings also recorded a sharp increase of nearly 3 million VND/tael in the morning trading session on April 16.

SJC's 1-5 chi 99.99 gold ring and PNJ's plain ring are currently both anchored at 105.8 - 108.8 million VND/tael, corresponding to a sharp increase of 2.8 million VND compared to the closing price of the previous session.

Phu Quy anchored the price of plain rings at 105.3 - 108.8 million VND/tael, an increase of 1.9 million VND in buying and 2.1 million VND in selling compared to the closing price on April 15.

Mi Hong also increased the price of 999 gold rings by 1.2 million VND for buying to 104.5 million VND/tael and increased by 2.2 million VND for selling to 107.5 million VND/tael.

Bao Tin Minh Chau and Bao Tin Manh Hai both increased the price of gold rings by more than 2.4 million VND/tael this morning, bringing the transaction price of this item to a new peak of 106.5 - 109.5 million VND/tael.

In the world, spot gold prices are also on a strong upward trend, with an increase of 42 USD (+1.3%) compared to the closing price of the previous session, to climb to 3,274 USD/ounce.

Precious metals continue to be an attractive investment channel with a series of consecutive price increases over the past months and are at an all-time high. Global trade tensions are still the catalyst that has caused gold prices to continuously increase to record highs in recent days.

Source znews

Source: https://baotayninh.vn/gia-vang-tang-khong-ngot-vuot-115-trieu-dong-luong-a188909.html