Late this afternoon (November 18), the price of gold bars was listed by large gold trading enterprises such as Saigon Jewelry Company, DOJI... at 81 - 84 million VND/tael (buy - sell), an increase of 1,000,000 VND/tael for buying and an increase of 500,000 VND/tael for selling compared to the previous session.

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Customers trade gold at Mi Hong store

Bao Tin Minh Chau and Phu Quy brands listed gold bars at 81.2 - 84 million VND/tael (buy - sell), an increase of 900,000 VND/tael for buying and 500,000 VND/tael for selling compared to yesterday's session.

Gold brand PNJ also listed gold bars at 81.8 - 83.2 million VND/tael (buy - sell), an increase of 900,000 VND/tael for buying and 600,000 VND/tael for selling compared to yesterday's session.

At Mi Hong gold shop (Binh Thanh District), this unit listed the price of SJC gold at 82.5 million VND/tael (buy), 1 million VND/tael higher than large enterprises, and sold at 84 million VND/tael. The difference between the buying and selling prices of this brand is less than that of SJC, PNJ and DOJI. However, in the morning, this brand announced that it had run out of both gold bars and gold rings.

The price of gold rings at Mi Hong is listed at 82 - 83 million VND/tael (buy - sell), the difference between buying and selling gold rings is only 1 million VND/tael.

Many customers who brought money to buy all left empty-handed. Ms. Ngoc Thanh (Phu Nhuan District) said that she went to 2 places this afternoon to buy 5 taels of gold rings but was informed that they were out of stock. "This afternoon I went to Mi Hong to ask to buy but was informed that... they were out of stock. I will probably have to go earlier tomorrow morning" - Ms. Thanh said.

“We don’t have any gold to sell yet, and we don’t accept pre-orders or deposits. Customers who are interested should come back tomorrow to see how things are going,” said Mi Hong store employee.

However, this store still purchases normally, there is no phenomenon of refusing to buy gold from customers.

At some gold shops in the Pham Van Hai area (Tan Binh District), there are only gold jewelry items, no more gold rings or gold bars for sale. Staff there said that customers can call the shop to check the availability of gold rings and gold bars before coming to make a transaction to avoid wasting time.

Economist Truong Hien Phuong - Senior Director of KIS Vietnam Securities, said that in recent days, gold buyers may have seen a significant drop in value due to the sharp adjustment of gold prices in the short term. However, gold buyers need to remember the important function of gold as a safe haven against economic fluctuations.

“Gold is also a buffer for other risky assets such as stocks and real estate, and is a tool to hedge against inflation. When viewed from this perspective, the 4%-5% drop in gold prices in recent times is insignificant,” said Mr. Phuong.

Gold price today, November 18, 2024: Millions more expensive, plain rings increase continuously. Gold price today, November 18, 2024, domestic plain rings increase continuously, up to 83.3 million VND/tael (sold); SJC gold bars increase by a million VND. World gold price increased strongly again, close to the threshold of 2,600 USD/ounce.