Gold prices rose sharply this weekend – Photo: QUANG DINH
Domestic gold prices rose 800.000 XNUMX VND/taël
SJC Company today listed the selling price of gold bars at 86.8 million VND/tael, an increase of 800,000 VND/300,000 from yesterday. On the buyer’s side, the price of SJC gold bars also increased by 100,000 VND/tael, reaching 84,8 million VND/tael.
The difference between the buying and selling price of SJC gold bars can reach 2 million VND/tael.
DOJI Company, PNJ, Phu Quy, Eximbank and TPBank also increased the price of gold bars to the same level as the price quoted at SJC Company: buying 84.8 million VND/tael, selling 86.8 million VND/tael.
Mi Hong Gold Shop increased the selling price of gold bars by 500.000 VND/tael on the selling side and 200.000 VND/tael on the buying side, currently trading between 85,5 million and 86,8 million VND/tael.
Bao Tin Minh Chau Company announced the purchase/sale price of SJC gold bars at 84.9 million VND/tael and 86.8 million VND/tael respectively.
Notably, the price of 9999 gold rings also soared to 86.6 million VND/tael, an increase of 800.000 VND/tael from yesterday and only 200.000 VND/tael lower than the price of gold bars. ‘gold.
At Bao Tin Minh Chau Company, the highest selling price of gold rings in the market is displayed, buying 85.5 million VND/tael, selling 86.9 million VND/tael, higher than the price of sale of SJC gold bars on the market.
Why is the price of gold rings almost equal to the price of gold bars?
The small difference between the price of gold bars and gold rings has existed for a week, so those who have already purchased gold rings are winning big. Previously, the price of SJC gold bars always maintained a difference of 6-8 million VND/tael compared to 9999 gold rings.
The reason why the price of gold rings is about to close the gap with that of gold bars is due to the increased demand for buying gold rings, the scarcity of supply of gold raw, because for many years companies were not allowed to import gold, and the day of the God of Wealth is approaching (January 10 each year).
The supply of gold across the border is also scarcer because authorities have stepped up raids and captured many strings of smuggled gold with “huge” quantities across the border provinces.
World gold prices ending the trading week at 2,691.3 USD/82.9 ounce. Converted according to the exchange rate indicated at the bank, the global price of gold is equivalent to 300 million VND/tael.
So, compared to the world converted gold price, the price of SJC gold bars is 3.9 million VND/tael higher, while the price of gold rings is 3.7 million higher. VND/tael.
According to experts, global gold prices are currently facing many challenges, including the US Central Bank’s “hawkish” monetary policy; the political unpredictability of US President-elect Donald Trump’s administration and geopolitical tensions around the world. So, recently the global gold price mainly fluctuated around the threshold of 2.600 USD/ounce, but could not cross further.
