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Gold bars double in price, gold ring price highest in history

VTC NewsVTC News17/11/2023


At noon on November 17, the price of gold rings was listed by Bao Tin Minh Chau Company Limited at 59.38 million VND/tael (buy) and 60.33 million VND/tael (sell).

At Saigon Jewelry Company, the price of 1-5 tael gold rings is listed at only 59.1 million VND/tael (buy) and 60.2 million VND/tael (sell).

Doji Gold and Gemstone Group is listing the price at 59.15 - 60.1 million VND/tael.

Phu Nhuan Jewelry Company (PNJ) traded gold rings at a lower price but also reached 60 million VND/tael for selling and 58.95 million VND/tael for buying.

Gold ring prices continue to break records.

Gold ring prices continue to break records.

Thus, the price of gold rings has reached its highest level ever, surpassing the peak set on November 8. At that time, the highest listed price of gold rings was VND59.13 million/tael (buy) and VND60.08 million/tael (sell).

Compared to the beginning of this year, gold rings have continuously increased sharply, with an increase of more than 4 million VND/tael, more than double the increase of SJC gold bars of more than 2 million VND/tael.

Meanwhile, the price of gold bars this morning was listed by Doji Group at 70 - 70.8 million VND/tael (buy - sell). At SJC, the price of gold was listed at 70.05 - 70.85 million VND/tael (buy - sell).

On the world market, the gold price listed on Kitco today is at 1,985 USD/ounce. Currently, the world gold price converted according to the listed exchange rate is about 58.5 million VND/tael, lower than ring gold by about 1.6 million VND/tael and lower than SJC gold by over 12 million VND/tael.

Cong Hieu



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