Gold prices remained stagnant on the morning of September 12, hovering at 78.5 million VND per tael for buyers and 80.5 million VND per tael for sellers.
The price of 9999 gold rings also witnessed slight fluctuations, adjusting by 50 to 100 thousand VND per tael. The selling price currently stands at over 78.5 million VND per tael.
Specifically, SJC Company listed the price of gold rings at 77.3-78.7 million VND per tael. DOJI Group quoted a price of 77.5-78.65 million VND per tael. Bao Tin Minh Chau and PNJ, respectively, listed prices at 77.52-78.67 million VND per tael and 77.50-78.65 million VND per tael.
In the international market, the spot gold price remained above the 2,500 USD/ounce mark. The precious yellow metal stood at 2,511 USD/ounce at 10:00 AM on September 12, equivalent to about 75 million VND per tael, excluding taxes and fees.
In a recent interview with Kitco News, Eric Strand, founder of precious metals company AuAg Funds, stated that given the level of money printing and government debt, he sees a fair value for gold at around 4,000 USD/ounce. Although central bank money supply has decreased significantly due to the Fed’s aggressive monetary tightening, Mr. Strand noted that money printing has not stopped, as US debt has soared to over $35 trillion.
The Golden Opportunity: Unveiling the Latest SJC Gold Prices and Beyond
The gold ring price on the morning of the 9th of September took a dip, falling by approximately 50-150 thousand VND per tael.
Gold Prices Today, 9/8: SJC Gold Bars Retreat From Peak, Gold Rings Remain Sky-High.
Today, gold prices have dipped for SJC gold bars, while gold rings continue to soar at lofty heights.
