Record-breaking surge in smooth gold ring prices, surpassing 68.5 million VND/tiến.

On the morning of March 5th, domestic gold prices continued to skyrocket, with the price of smooth round gold rings setting a new record.

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Specifically at Bao Tin Minh Chau, the price of 24k smooth round gold rings is listed at 67.38-68.58 million VND per tael, an increase of 600,000 VND per tael compared to yesterday. This is the highest price of this type of gold ever.

Similarly, the price of smooth ring gold also increased significantly today at other brands. Among them, Saigon Precious Stones and Silver increased by 1 million VND per tael to 66.5-67.7 million VND per tael. DOJI Corporation increased by 800,000 VND per tael to 67.25-68.35 million VND per tael.

The SJC gold price also increased sharply this morning to nearly 81 million VND per tael, which is the peak made at the end of last weekend.

Specifically, at 9:30 am, Saigon Precious Stones and Silver listed the price of gold pieces at 78.9-80.9 million VND per tael, an increase of about 400,000 VND per tael compared to yesterday. DOJI Corporation also adjusted to 78.85-80.85 million VND per tael.

In the international market, gold prices last night (March 4 Vietnam time) rose sharply and approached the all-time high. Currently, the international gold price is at 2,112 USD/ounce.

Converted according to the USD/VND exchange rate at commercial banks, the international gold price is only equivalent to 63.5 million VND per tael (excluding taxes and fees). Meanwhile, estimated according to the USD exchange rate on the free market, the international gold price is equivalent to about 65.5 million VND per tael (excluding taxes and fees).

In another development, the digital currency Bitcoin (BTC) is approaching the all-time high of 68,000 USD/BTC recorded in November 2021.