Specifically, at Bao Tin Minh Chau and Bao Tin Manh Hai, the buying price of plain round gold has reached around 65.2 million VND/tael, while the selling price has risen to 66.3 million VND/tael, the highest ever. Compared to yesterday, the price of this type of gold has increased by about 700 thousand VND/tael.
Similarly, at other brands, the price of 24k plain gold has reached the highest level in history. In which, DOJI Group listed at 64.85-66.05 million VND/tael. Saigon Gemstone Precious Metal listed at 63.95-65.25 million VND/tael.
Not only 24k plain gold, but other types of gold jewelry also increased in price. Among them, 18k gold jewelry is currently priced at 47.2-48.6 million VND/tael, up 400 thousand VND/tael compared to yesterday.
In addition to storing SJC gold, holding 24k plain gold rings is a habit of many Vietnamese people. Especially in recent years when the price difference between SJC gold and international gold price is too large, many people have switched to accumulating assets with 24k plain gold rings.
From the beginning of 2024 until now, the price of plain gold rings has increased by about 3 million VND/tael. If buying at the end of last year and selling at this time, investors can temporarily profit about 2 million VND/tael (due to the price difference between buying and selling price in the shop maintaining 1 million VND/tael). Accordingly, investors make a profit of about 3% after 2 months, much higher than savings in banks.
Previously, in 2023, the price of plain gold rings also increased significantly. In February 2023, this type of gold was only traded at the level of 53-54 million VND/tael. Thus, after exactly 1 year, plain gold rings have increased by 12 million VND/tael, equivalent to an increase of more than 22%. This profit margin is also much higher than holding SJC gold (increasing 18% in the past year).
