Gold prices continue to break previous historical records and hover at all-time highs.

Accordingly, the price of gold today (March 18) at the end of the afternoon, 9999 SJC gold rings were listed at 96.3-97.8 million VND/tael (buy - sell). Compared to the same day last year, the price of gold rings has skyrocketed by 29.2 million VND/tael in the selling direction, equivalent to an increase of nearly 42.5%.

Notably, with the listed price of 9999 gold ring sold at 98.4 million VND/tael of Doji brand, this precious metal item has increased to 29.8 million VND/tael after exactly 1 year.

Not only that, Doji's gold ring price is 600,000 VND/tael higher than SJC gold bar price in the selling direction.

At the same time, it shows that the value of gold rings is increasing. If on this day last year, the price of gold bars (selling) was 81.2 million VND/tael, higher than the price of gold rings which was only 68.6 million VND/tael, this year, the increase in the price of gold rings was nearly double that of gold bars.

Meanwhile, the price of SJC gold bars early this afternoon was traded at 96.4-97.9 million VND/tael (buy - sell). Compared to March 18, 2024, the selling price of gold bars in the afternoon increased by 16.7 million VND/tael, equivalent to an increase of nearly 21%.

Despite the high prices, gold shops are still bustling with customers. On the "gold street" Tran Nhan Tong (Ha Ba Trung, Hanoi) this morning, many people lined up at Bao Tin Minh Chau gold shop early in the morning and had to leave dejectedly because... the gold ran out after 10 minutes of opening.

Any lucky customer can only buy 1 tael of gold. In the morning, the store sold a total of 40 taels of gold.

On the “online market”, the buying and selling of gold rings and gold bars is also taking place vigorously. Members massively post articles buying and selling branded gold in unlimited quantities. The selling prices are mostly lower than the listed prices of the brands by about 1 million VND/tael.

However, there are also posts selling SJC gold bars and 9999 gold rings from Bao Tin Minh Chau, Phu Quy, Manh Hai, Doji... with prices 30,000-400,000 VND higher per product.

Source: https://archive.vietnam.vn/sau-1-nam-gia-vang-nhan-gay-sung-sot-dat-them-gan-30-trieu-dong-luong/