SJC gold is 11 million VND/ounce higher than gold rings.

Gold trading businesses are buying SJC gold bars at 70.5 - 71 million VND/ounce and selling them around 74 million VND/ounce. Meanwhile, the buying price for 9999 gold rings is 61.4 - 62.1 million VND/ounce, and the selling price is 62.6 - 63.28 million VND/ounce. SJC gold bars are priced 11 million VND/ounce higher than gold rings.

Companies like Bao Tin Minh Chau and Doji Group are setting a buy-sell price difference of 1.2 to 1.35 million VND per tael for gold rings. The price of precious metals in Vietnam remains higher than in the rest of the world. SJC gold bars are 13.3 million VND/tael higher than international prices, and gold rings are 2.3 million VND/tael higher.

SJC gold bar prices are 13.3 million VND/ounce higher than world prices.

World gold prices ended 2023 at $2,063 per ounce, up $233 per ounce from the beginning of the year, or 12.8%. The price increase of the precious metal was quite rapid in the last months of the year, with a 7.4% rise. Over the past five years, the price of gold has increased by $784 per ounce, equivalent to a 61.4% increase, and by nearly 397% over the past 19 years, adding $1,647 per ounce.

Gold price fluctuations on January 1st: Gold prices remain stable after the 'storm'.

According to the World Gold Association and the International Monetary Fund, some of the countries currently holding the largest gold reserves in the world are the United States with 8,133 tons stored primarily at the Fort Knox gold vault and the New York Federal Reserve's gold vault, with an estimated value of over $500 billion. This is followed by Germany with 3,352 tons, Italy with 2,451 tons, France with 2,436 tons, Russia with 2,329 tons, China with 2,113 tons, Switzerland with 1,040 tons, Japan with 845.9 tons, India with 800 tons, and the Netherlands with 612 tons...

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