In the context of world gold continuously breaking records, domestic SJC gold bars on October 21 were also adjusted up to keep the difference between the two markets at a reasonable level to avoid a large difference compared to world gold prices as before.
Specifically, at 9:00 a.m., Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 86 - 88 million VND/tael (buy - sell), an increase of 2 million VND/tael in both buying and selling compared to the closing price yesterday.
Similarly, DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 86 - 88 million VND/tael (buy - sell), an increase of 2 million VND/tael in both buying and selling compared to yesterday's closing price. The difference in buying and selling prices of SJC gold at Saigon Jewelry Company (SJC), DOJI Group is at 2 million VND/tael.
Regarding the price of gold rings, DOJI Gold and Gemstone Group listed the price of gold rings at 84.7 - 85.7 million VND/tael (buy - sell), keeping the listed price unchanged in both buying and selling directions compared to yesterday's closing price. The difference between buying and selling prices of gold rings at DOJI Group is at 1 million VND/tael.
In the world market, gold has gone through a price increase and set a peak price of 2,722 USD/ounce on October 18. Large cash flows continuously flow into gold as investors believe in the trend of easing global monetary policy from the US and increasing geopolitical instability make them want to hold safe haven assets such as this precious metal. The world's leading gold trust fund SPDR Gold Trust bought more than 10.6 tons of gold this week.
According to experts, this week, apart from two strong price increases, the gold bar market was quite quiet and had almost no notable developments. Investors turned their attention to gold rings, which increased in price following each breakthrough of world gold. With a strong price increase, surpassing the 2,700 USD/ounce mark recently, domestic gold rings also experienced a week of explosive trading and reached an all-time high price peak when stopping at nearly 86 million VND/tael.
According to VNA
Source: https://doanhnghiepvn.vn/kinh-te/vang-mieng-sjc-vot-tang-len-88-trieu-dong-luong/20241021121954023
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