At 5 PM, Saigon Gold and Gemstone Company adjusted the price of gold, with buying price at 75 million VND/tael and selling price at 78 million VND/tael.
Bao Tin Minh Chau Ltd. also increased the buying and selling prices to 75.25 – 78 million VND/tael, an increase of 500,000 VND/tael compared to earlier in the morning.
On the other hand, at 9:30 AM on February 19th, Saigon Gold, Silver and Gemstone Company reduced the buying and selling prices of SJC gold to 75 – 78.02 million VND/tael, a decrease of 400,000 VND/tael in both directions compared to the beginning of the morning. Doji Group listed SJC gold at 75.4 – 78.2 million VND/tael, a decrease of 350,000 VND/tael for buying and 150,000 VND/tael for selling in the afternoon.
Phu Quy listed SJC gold at 75.4 – 78 million VND/tael, a decrease of 400,000 VND/tael for buying and 100,000 VND/tael for selling compared to the previous closing session.
At 10:15 AM, the price of SJC gold continued to be adjusted downwards. The buying and selling prices of SJC gold were at 74.5 – 77.52 million VND/tael, a decrease of 900,000 VND/tael in both directions compared to this morning. The consecutive decrease in the price of gold during the morning session has made many investors worried as they bought at high prices during the morning session.
An unusual fluctuation in the price of SJC gold on the day of the God of Wealth.
According to many opinions, the price of SJC gold increased again in the afternoon of the God of Wealth’s day due to increased buying power of people alongside the increasing world price.
Converted to the exchange rate of Vietcombank, the current world gold price is equivalent to 60.15 million VND/tael, excluding taxes and fees. The price difference between domestic and international gold has narrowed to 17 million VND/tael. However, the price of gold rings is still higher by 4.5-5 million VND/tael compared to international prices. Compared to the price range a month ago, the selling price of gold by companies to the public is nearly 1 million VND/tael higher.
