SJC Gold Bar Price Surpasses VND 125 Million Again
On August 22nd, the SJC gold bar price reached a new record high as companies pushed the price to around VND 124.4 million per tael for buying and VND 125.4 million per tael for selling.
The buying and selling price difference has been maintained at VND 1 million per tael since the beginning of the week, instead of fluctuating between VND 2-3 million as before.
In the past month, the gold bar price has increased by nearly VND 2 million per tael. Since the beginning of the year, the increase has been approximately VND 40 million, or 47%.
In the free market, the SJC gold bar price is traded at a higher rate of about VND 600,000 per tael compared to large companies, with the buying price at around VND 125.4 million and the selling price at VND 126.2 million per tael. However, compared to yesterday, the free market gold price slightly decreased by about VND 100,000 per tael.
SJC gold bar price maintains its historical peak
The price of 99.99% gold rings and jewelry also continued to rise, currently trading at VND 117.5 million per tael for buying and VND 120 million per tael for selling, an increase of VND 200,000 per tael from yesterday. In just two days, gold rings have increased by a total of VND 600,000 per tael. Since the beginning of the year, this type of gold has increased by about VND 35 million, or 41%.
SJC Gold Bar Price Moves Against Global Trend
The domestic trend is opposite to the international market. At 9 am (Vietnam time), the precious metal was trading on the international market at $3,337 per ounce, a decrease of $5 per ounce from the previous session. When converted according to the current exchange rate, the world gold price is equivalent to about VND 107 million per tael, which is lower than the gold ring price by VND 13 million and the SJC gold bar price by more than VND 18 million.
The significant gap between domestic and international gold prices raises concerns. Some experts warn that buying SJC gold bars at this time entails risks, especially if the State Bank intervenes to increase supply and narrow the price gap. In addition, the supply of SJC gold bars at large companies is currently quite limited, while buying from the free market carries the risk of encountering fake or counterfeit gold.
The Golden Rush: Gold Prices Surge to Record Highs
The gold market witnessed a significant surge this morning, with trading prices officially reaching a staggering 125.4 million dong per tael.
The Golden Opportunity: SJC Gold Soars to New Heights with a Whopping 40 Million Dong Increase Since the Start of the Year
As of August 18th, the price of SJC gold bars remained high at over 124 million VND per tael. Since the beginning of the year, the price of this commodity has surged by nearly 40 million VND per tael, representing a staggering almost 50% increase in just over eight months.
The Price of Gold Drops: A Missed Opportunity for Many
The gold trading price this morning of August 12th took an unexpected turn as the 99.99 gold ring witnessed a sharper decline compared to the SJC gold bar, following the downward trend of global gold prices.
The Golden Enigma: An Intriguing Market Mystery
This morning, the SJC gold bar price plateaued at a staggering peak of 124.4 million dong per tael. In a strategic move, SJC gold traders narrowed the buy-sell spread to attract gold inflows, a clever tactic to entice investors and consolidate their position in the market.
The Price of Gold Soars to New Heights: Afternoon Update, August 7th
“On August 7th, the price of gold took an unexpected surge across prominent jewelry brands, breaching the significant threshold of VND 124 million per tael.”
