At 3:30 p.m. on April 11, 2024, the domestic SJC gold price was adjusted up and down by trading stores compared to the early morning of the same day.
Saigon Jewelry Company Limited - SJC listed the buying price of SJC gold at 82.3 million VND/tael and the selling price at 84.3 million VND/tael. Compared to the early morning of the same day, the SJC gold price at this brand was adjusted up 500,000 VND/tael for buying and up 480,000 VND/tael for selling.
The difference between buying and selling gold at this unit is currently at 2 million VND/tael. This is still a high difference, pushing the risk to the consumer.
The price of gold rings here is listed at 74.6-76.3 million VND/tael for buying and selling respectively.
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| Gold price listed at Saigon Jewelry Company Limited - SJC. Screenshot at 3:30 p.m. on April 11, 2024 |
At the same time, Bao Tin Minh Chau listed the price of SJC gold at 82.45 - 84.30 million VND/tael for buying and selling. Compared to the early morning of the same day, the price of SJC gold here was adjusted down by 50,000 VND/tael for buying and kept stable for selling.
The difference in gold buying and selling prices at this unit is currently at 1,850 million VND/tael.
Meanwhile, the price of plain round gold rings at this unit is trading around 74.78 - 76.58 million VND/tael (buy - sell), down about 2 million VND/tael in both buying and selling directions compared to the peak of 76.8 - 78.6 million VND/tael for buying - selling set last night (April 10).
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| Gold price listed at Bao Tin Minh Chau. Screenshot at 3:30 p.m. on April 11, 2024 |
Today, the world gold price also tends to decrease. At 10:30 a.m. (Vietnam time), the international gold price was trading around 2,344.69 USD/Ounce. The world gold price decreased by 0.43% in the past 24 hours, equivalent to a decrease of 10.20 USD/Ounce.
Converted according to the exchange rate, 1 tael of world gold costs more than 70.5 million VND/tael. The world gold price is currently about 14 million VND lower than SJC gold bars and about 7 million VND lower than domestic gold rings.
In recent days, when the price of gold has increased rapidly, gold and jewelry stores have been crowded with customers coming to buy and sell. Even when the price of gold was at its peak, many people lined up to buy with the expectation that the price of gold would increase even more in the near future.
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| Experts predict that the price of gold rings could increase to 80 million VND per tael. Illustrative photo |
Mr. Thanh Nam (Cau Giay, Hanoi) said that the gold price has increased, especially the SJC gold price has increased continuously in recent days, the trend of increasing more than decreasing. Therefore, the difference in buying and selling prices has also been shortened from 2.5 million VND/tael to 2 million VND/tael, this difference has helped investors reduce the risk of loss when investing in buying gold in the short term. "Following the gold price movement in recent days, the trend of gold increasing more than decreasing, so today I still went to buy gold for investment with the expectation that the gold price will continue to increase" - Mr. Thanh Nam shared.
Meanwhile, Ms. Hoang Yen (Tay Ho, Hanoi) brought her gold to sell, taking profit because the profit was extremely attractive. "I bought gold at 72 million VND/tael, up to now I have made a profit of 10 million VND for each tael of gold. This profit level is much higher than the initial expectation, so today, I brought the gold to sell for profit" - Ms. Hoang Yen informed.
Faced with the "gold fever" in the world and in Vietnam, experts recommend that investors should be cautious in transactions, especially when buying gold for investment and storage at this time.
Forecasting the future upward trend of gold prices, analysts believe that from now until the end of the year, the world gold price may increase to 3,000 USD/ounce. The domestic gold market is currently still "anxiously" waiting for close instructions and management from the Government and the State Bank, therefore, if there are no timely instructions, the domestic ring gold price may increase to 77 - 78 million VND/tael, or even increase to 80 million VND/tael.
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