Gold ring prices have been on a continuous downward trend in recent days. As of 3:00 PM on June 3rd, gold ring prices at various gold businesses had decreased by an average of VND 300,000 to 400,000 per tael compared to the previous day’s closing price.
Specifically, the price of 9999 gold rings at DOJI’s Hung Thinh Vuong is currently listed at VND 73.8-75.2 million per tael (buying-selling). Bao Tin Minh Chau has also adjusted their gold ring prices to VND 73.82-75.22 million per tael (buying-selling).
Meanwhile, Saigon Jewelry Company listed their gold ring prices at VND 73.4-75 million per tael.
Mi Hong Jewelry Store in Ho Chi Minh City has also adjusted their gold ring prices to VND 72.7-73.9 million per tael.
Thus, over the past week, gold ring prices have dropped by more than VND 2 million per tael.
In contrast, SJC gold prices have plummeted by over VND 10 million per tael during the same period. In some sessions, the SJC gold price even witnessed a shocking drop of nearly VND 4 million per tael within a few hours.
According to experts, the significant fluctuations in SJC gold prices are one of the reasons why many people choose to buy gold rings to mitigate risks. Compared to the peak of VND 78.5 million per tael on April 10th, gold ring prices have only dropped by slightly over VND 3 million per tael and are currently quite close to world prices.
Regarding future predictions, experts believe that with the sharp decline in SJC gold prices, gold ring prices will also decrease. However, the rate of decline will not be too drastic.
