On the evening of December 18, the price of SJC gold bars was quoted by SJC Company for purchase at 12 million VND/tael and for sale at 83.1 million VND/tael. This is also the trading price of SJC gold bars at PNJ Company, DOJI, Bao Tin Minh Chau.
Compared to the morning, the price of gold bars in these shops increased by 500.000 VND/tael in the afternoon, while the selling price remained stable.
This notable development has also occurred in gold shops and banks.
ACB increase the purchase price of gold bars to 83.8 million VND; Eximbank bought 83.1 million VND while Bank Sacom Buy up to 84.1 million VND/tael. On the sales side, banks quoted around 85.1 million VND/tael.
Compared to the morning, the purchase price of SJC gold bars in some places increased by several million VND/tael.
Tonight’s gold price rose sharply on the buying side for both SJC gold bars and 99.99 gold rings.
The highest purchase price of gold bars of Mi Hong Company during its listing was 84.3 million VND/tael, the sale price was equal to 85.1 million VND/tael in other places. VND/tael.
Not only did they sharply increase the purchase price of SJC gold bars, the companies also increased the purchase price of 99.99 gold rings to the highest level of about half a million VND/tael.
SJC company sells ordinary gold rings and purchases 83 million VND; PNJ Company purchased 83.6 million VND while DOJI Group purchased 83.7 million VND/tael.
In the afternoon sale of 99.99 gold rings, there is no big difference, about 84.7 million VND/tael.
This is a rather strange development in the market during the day, which is explained by the increase in the purchase price aimed at stimulating the demand for selling gold in the market. The difference between buying and selling prices also narrowed, from the highest level of 2.5 million VND/tael to the lowest level of 1 million VND/tael.
Domestic gold prices fluctuate as world prices slow. Currently, the global gold price is trading at USD 2,645,106.6/ounce, down slightly from the morning. Gold prices are “calm” as the market awaits information on the US Federal Reserve (FED) policy meeting. The USD index continuously maintained at a high level above 100 points also puts gold prices under pressure, making a breakout difficult.
Currently, the world price of gold, converted at the indicated exchange rate, is approximately 81.3 million VND/tael.
