Saigon Gold and Silver Jewelry Company listed the price of SJC gold piece at 76.2 – 78.4 million dong/tael, decreased by 300,000 dong/tael for buying and decreased by 400,000 dong/tael for selling. The price of plain round rings is 63.5 – 64.6 million dong/tael, increased by 200,000 dong/tael for both buying and selling.
Doji Group listed the price of SJC gold piece at 76.15 – 78.35 million dong/tael. This price decreased by 350,000 dong/tael for buying and decreased by 450,000 dong/tael for selling.
In Ho Chi Minh City market, Vang Mi Hong system listed SJC gold piece at 76.9 – 77.9 million dong/tael, and plain round rings at 62.5 – 64.5 million dong/tael.
Gold price unexpectedly plunged. (Photo: Như Ý).
The SJC gold price unexpectedly plunged after the Prime Minister requested the State Bank to urgently review Decree No. 24 on gold business management.
According to Circular No.06 on accelerating the implementation of key tasks after the Lunar New Year of the Ky Hoi 2024, the Prime Minister requested the State Bank to urgently review Decree No. 24 on gold business management; propose effective solutions for managing the gold market in the new situation, to be completed in the first quarter of 2024. The domestic gold market is also awaiting the God of Wealth Day, predicting an increase in the price of small gold rings.
The domestic gold market is entering the peak period of buying gold as the God of Wealth Day approaches. The price of SJC gold piece in the domestic market is also quite high, about 18 million dong/tael higher than the world gold price.
At the same time, the world gold price is at $2,013/ounce, increasing by $12/ounce. Converted at the current exchange rate, the world gold price is about 58 million dong/tael, excluding taxes and fees.
