Today, April 18, is the 10/3 ancestral death anniversary according to the lunar calendar, most gold businesses such as SJC, PNJ, DOJI are closed for the holiday, but some large businesses are still open for normal transactions such as Bao Tin Minh Chau, Mi Hong, Bao Tin Manh Hai…
Updated at 3:20 p.m., in Hanoi, SJC gold price at Bao Tin Minh Chau Gold and Jewelry Company slightly increased by 100,000 VND/tael compared to the morning, currently trading at 81.85 – 83.75 million VND/tael. However, compared to the end of yesterday, the gold price here is still 350,000 VND lower per tael.
Meanwhile, the price of plain gold rings at Bao Tin Minh Chau increased by 50,000 VND for both buying and selling compared to the morning, currently listed at 75.08 – 76.78 million VND/tael. Compared to yesterday afternoon, the current gold ring price is only 60,000 VND lower per tael.
At Mi Hong Gold Shop in Ho Chi Minh City, the SJC gold price this afternoon is 82.1 – 83.4 million VND/tael, keeping the buying price the same but increasing the selling price by 200,000 VND compared to the morning.
In the world market, the gold price increased quite strongly this afternoon, currently trading around 2,379 – 2,380 USD/ounce, up 7 USD compared to the morning and up 19 USD compared to the end of yesterday. With the high exchange rate combined with the increase in the world price, the converted world gold price is currently equivalent to more than 73.3 million VND/tael, which is lower than SJC gold bars in Vietnam by about 10.5 million VND per tael, compared to the difference of 11 to 12 million VND/tael in previous days.
Updated at 10:00 a.m., At Bao Tin Minh Chau in Hanoi, the SJC gold price is listed at 81.75 – 83.65 million VND/tael, down 450,000 VND compared to the end of yesterday, May 17. The price of plain gold rings, meanwhile, is listed at 75.03 – 76.73 million VND/tael, down 140,000 VND/tael.
At Bao Tin Manh Hai’s system, the SJC gold price is also listed similarly to Bao Tin Minh Chau’s, but the gold ring price is slightly cheaper, at 74.93 million VND/tael, while the selling price is 76.63 million VND/tael. The price adjustment of these two types of gold is also from 140-400,000 VND/tael.
At Mi Hong Gold Shop in Ho Chi Minh City, the SJC gold price today is 82.1 – 83.2 million VND/tael, an increase of 200,000 VND in the buying direction but keeps the selling price the same compared to the end of yesterday. This is the business that is selling SJC gold at the most attractive price.
Other large gold trading enterprises in all three regions such as Phu Nhuan Gold and Jewelry Company (PNJ), DOJI Group, and Saigon Gold and Jewelry Company (SJC) are closed for the holiday today. At the end of yesterday, the SJC gold price of these units was commonly listed as buying at 82.1 million VND and selling at 84.1 million VND/tael.
In the world market, gold prices fell last night but rose again today as investors continue to believe that the precious metal will continue to rise. At 10:30 a.m. Vietnam time, the spot gold price is around 2,373 – 2,374 USD/ounce, up 13.4 USD compared to the end of the previous session.
In recent days, gold prices in Vietnam and the world have fluctuated strongly and continuously. World gold has at times set a record at 2,400 USD/ounce, while the domestic gold price has also reached 85.4 million VND per tael.
Five days ago, the Prime Minister requested that the SBV “immediately handle” the high difference between domestic and international gold bar prices. Currently, the price of Vietnamese gold bars is about 12 million VND higher than the world price per tael, while gold rings are also more expensive than world gold by more than 4 million VND per tael.
After the Prime Minister’s instruction, the State Bank recently announced that it is ready to re-organize gold auctions to increase supply and stabilize the gold market. On April 15, this agency also sent a document to the relevant ministries and branches, namely the Ministry of Finance and the Ministry of Public Security, to support the gold auction. However, the schedule for gold auctions is not yet specific.
