At Saigon Gold Silver Gemstone, the selling price of smooth 9999 gold rings has reached 65 million VND/tael, the highest ever. The difference compared to the buying price in the afternoon is about 1.25 million VND/tael. Similarly, at DOJI Group, the price of gold rings has increased by about 500 thousand VND/tael compared to yesterday, currently listed at.
Bảo Tín Minh Châu, Bảo Tín Mạnh Hải listed the price of gold rings at a higher level, respectively 65.08-66.18 million VND/tael.
The price of SJC gold has fluctuated sharply in recent days. This type of gold increased sharply by 1 million VND/tael on the morning of February 16th, then turned back sharply in the late afternoon. By the morning of February 17th, the piece of gold continued to reverse direction and increased sharply by about 500 thousand VND/tael.
Currently, Saigon Gold Silver Gemstone listed the price of SJC gold at 78.1-78.6 million VND/tael. DOJI applies the price of 76.05-78.55 million VND/tael. Bảo Tín Minh Châu reversed the adjustment trend and decreased to 76.15-78.25 million VND/tael.
Along with the violent fluctuations in recent sessions, the price difference between buying and selling SJC gold has tended to widen to 2.5 million VND/tael, increasing risks for investors. At the time of buying SJC gold, investors incurred a loss of 2.5 million VND/tael. Suppose you buy SJC gold this morning (price about 78.5 million VND/tael), then to make a profit, you will have to wait for the price at the store to increase by an additional 2.5 million VND/tael, by then the selling price at the store also has to reach about 81 million VND/tael, which means reaching a historical peak.
The price difference between domestic gold and international gold is also very large. Currently, the spot price of gold in the world market is about 2,010 USD/ounce, equivalent to about 60.5 million VND/tael when converted according to the VND/USD exchange rate.
Gold market management is one of the contents mentioned by Prime Minister Pham Minh Chinh in Directive No. 06 on urging the implementation of key tasks after the Lunar New Year holiday 2024. The Prime Minister requested the State Bank of Vietnam to urgently summarize Decree No. 24 on the management of gold business activities. Proposing effective solutions to manage the gold market in the new situation, to be completed in the first quarter of 2024.
