As of this morning, May 4th, the **price of plain gold rings** continued to decline slightly by about 60-100 thousand VND/tael compared to the closing price of the previous day. Specifically, at Bao Tin Minh Chau, the price of plain gold rings is currently listed at 73.62-75.22 million VND/tael. Saigon Jewelry and Gemstones listed at 73.1-74.9 million VND/tael. DOJI Group applied 73.7-75.3 million VND/tael.
In the past week, the price of plain gold rings has continuously decreased from over 76 million VND to around 75 million VND for each tael sold. The purchase price of plain gold rings has also decreased from the 74.7 million range to 73.6 million VND/tael.Â
Compared to the peak price on April 10, the price of plain gold rings has now decreased by 3.56 million VND on the selling side and 2.46 million VND on the buying side for each tael.
Plain gold ring prices listed at Bao Tin Minh Chau.
Although the **price of gold** plain rings are declining, some experts believe that buyers of plain gold rings should be cautious when making purchases. This is because the difference between the buying and selling price of gold at businesses is very high, currently fluctuating around 2 million VND. There are even times when the difference between the buying and selling price of gold is close to 3 million VND.Â
For example, if a person bought gold on May 2 at a price of 75.18 million VND/tael and sold it today at a price of 73.62 million VND, they would have lost 1.56 million VND. Or, if an investor buys today, they will have to pay 75.22 million VND/tael, and if they want to sell it for a profit, they will have to wait for the price to return to the previous peak, as on April 10.
According to Dr. Nguyen Tri Hieu, an economic expert, plain rings are an investment channel that Vietnamese people prefer to buy for savings. This is because, with a financial investment of a few million VND, people can buy from half a tael to 1 tael. This is also a type of investment that is easy to liquidate and offers good returns.Â
