Gold market has strange phenomenon?

In just the past 2 days, the price of gold rings has increased by nearly 1 million VND/tael. Many gold trading enterprises have also increased their buying prices by 300,000 - 500,000 VND/tael higher than the price of SJC gold bars.

This morning (December 11), gold price Domestic prices increased from 400,000 - 450,000 VND/tael.

Price gold ring continuously increased for the second consecutive day. Specifically, Bao Tin Minh Chau Company Limited listed the price of gold rings at 83.43 - 85.93 million VND/tael for buying and selling, an increase of 450,000 VND/tael compared to yesterday morning.

Gold ring price increased sharply for 2 consecutive days (photo: Nhu Y).

Doji Group listed the price of gold rings at 83.9 - 84.9 million VND/tael, an increase of 400,000 VND/tael.

In just the past 2 days, the price of gold rings has increased by nearly 1 million VND/tael. Many gold trading companies have also increased their buying prices higher than the price of gold bars. SJC from 300,000 - 500,000 VND/tael.

SJC gold price adjusts slower than gold price world.

Saigon Jewelry Company listed SJC gold price 83.6 - 85.6 million VND/tael for buying and selling, up 400,000 VND/tael compared to yesterday morning.

Large gold trading enterprises such as Bao Tin Minh Chau Company Limited, Doji Group, Phu Quy Gold Company... also simultaneously increased the selling price of SJC gold bars to 85.6 million VND/tael.

This is also the selling price of the group. Bank State commercial banks (Vietcombank, BIDV, Vietinbank, Agribank).

At the same time, world gold price listed at 2,695 USD/ounce, up 35 USD/ounce compared to yesterday morning. The world gold price is equivalent to more than 82 million VND/tael excluding taxes and fees.

Exchange rate center is being State Bank listed at 24,258 VND/USD, up 10 VND/USD compared to yesterday morning.

Many commercial banks also adjusted the buying and selling prices of VND up. USD up to 25,137 - 25,470 VND/USD.

Source: https://baoquangninh.vn/thi-truong-vang-co-hien-tuong-la-3334022.html