Saigon Jewelry Company listed the round gold ring price at 77.25 – 78.5 million VND per tael, an increase of 100,000 VND per tael for buying and 50,000 VND for selling compared to the previous day. Bao Tin Minh Chau Company listed the round gold ring price at 77.33 – 78.48 million VND per tael, an increase of 50,000 VND per tael compared to the previous day.
Other gold businesses such as Doji and Phu Quy also slightly increased the gold ring price to 78.5 million VND per tael.
SJC gold bar prices have been stable for a week now, listed by major gold companies and banks at 78.5 – 80.5 million VND per tael for buying and selling.
SJC gold bars have been stagnant for a week.
At the same time, the world gold price was at 2,517 USD/ounce, up 13 USD/ounce from the previous day. Currently, SJC gold bar prices are about 4.5 million VND per tael higher than the world price, while gold ring prices are 2 million VND per tael higher.
According to experts, gold prices have stabilized, making people indifferent to gold. Domestic gold prices are no longer volatile, which stabilizes people’s psychology, and they are no longer as interested in buying gold to preserve their assets as before. In addition, some other investment channels show signs of recovery, giving people more options. For example, deposit interest rates offered by banks have increased to above 6%/year.
Mr. Nguyen Quang Huy – CEO of Finance – Banking, Nguyen Trai University, said that now is a sensitive time for gold investors.
“Buying gold for investment at this time needs to consider macro fluctuations at home and abroad, such as the trends of wars worldwide, changes in domestic gold management policies, the amendment of Decree 24, and measures to stabilize gold prices such as gold bar auctions, gold sales through banks, anti-smuggling, and gold market inspections.”, said Mr. Huy.
In addition, consider each investor’s risk appetite, knowledge of investment skills, expert advice, and technical analysis to balance expected profits and risks before making a decision.
On September 11, the State Bank of Vietnam listed the central exchange rate at 24,194 VND/USD. At commercial banks, the USD exchange rate was around 24,460 – 24,830 VND/USD, down 20 VND/USD compared to the previous day.
Lagoona Binh Chau Resort Village: Awaken Your Senses to the Investment Opportunities in Leisure and Hospitality
Legalities and completion worries are a constant concern for investors when approaching resort projects. However, projects that address these issues well create a significant draw, as the values that the investors commit to are clearly reflected in reality.
The City’s Southern Synchronized Development: A Vision of Modernity for Thai Binh’s Southern Expansion
With a visionary urban plan, the city of Thai Binh is witnessing a transformative trend of expanding its urban development footprint. The southern region, in particular, is poised to reap the benefits as it presents a confluence of advantages, rightfully earning its place as a significant satellite of the city. The mission of crafting and developing a harmonious, modern, and culturally rich urban landscape is gradually being realized here, shaping a dynamic and vibrant future for its residents.
Novaland Appoints Duong Van Bac as Deputy CEO
On September 6, the Board of Directors of Novaland Investment Group Joint Stock Company (Novaland, HOSE: NVL) announced the appointment of Mr. Duong Van Bac as Deputy General Director and Chief Financial Officer of the company.
Breakfast in Hanoi, Lunch in Ho Chi Minh City: A $70 Billion Dream for a 350km/h Railway
“The time is ripe for high-speed rail investment, given Vietnam’s current standing and potential,” asserted Nguyen Danh Huy, Deputy Minister of Transport.
