Gold rings break all records, surpassing 81 million VND/tael

After just over an hour of trading on the morning of September 23, the price of gold rings continued to increase sharply following the world price. The price of gold rings exceeded 81 million VND/tael, breaking all previous records.

Doji Group listed price gold ring 79.95 - 81.1 million VND/tael for buying - selling, increased 550,000 VND/tael compared to early morning.

Bao Tin Minh Chau listed company gold price Ring 79.98 - 81.08 million VND/tael buy - sell.

Saigon Jewelry Company listed the lowest price of gold rings in the market at 79.5 - 80.8 million VND/tael.

Gold ring prices increased higher than many people expected.

Gold ring prices have been increasing continuously over the past 2 weeks. World gold price. World gold price is listed at 2,630 USD/ounce, up 8 USD/ounce compared to early this morning.

The price of gold rings increased by more than 4 million VND/tael in the past week following the development of precious metals in the international market. Meanwhile, the price of SJC gold bars This morning still unchanged, market price 82 million VND/tael.

Compared to the beginning of the year, gold rings increased by about 18.2 million VND/tael, equivalent to an increase of nearly 30%, recording a profit margin that is superior to many other investment channels. The profit margin of gold bars is much lower, only about 8%, since State Bank policy intervention

The price of gold rings was at times higher than the price of SJC gold bars, but this is the highest price ever recorded, although it is still 900,000 VND/tael lower than the price of gold bars.

Experts say that if gold rings increase in price and replace SJC gold bars, it is a very concerning phenomenon and should be managed like gold bars, not sold freely as it is now.

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