End of day recap: Gold bar prices dropped by 500,000 to 800,000 VND per tael compared to yesterday’s close. Major gold retailers uniformly set their selling price at 153.8 million VND per tael. SJC, DOJI, and PNJ listed their buying price at 151.8 million VND per tael, while Bao Tin Minh Chau, Bao Tin Manh Hai, and Mi Hong bought at 152.3, 153.4, and 152.5 million VND per tael, respectively.
Today’s gold ring prices plummeted by 600,000 to 1 million VND per tael. By day’s end, Bao Tin Manh Hai adjusted their gold ring prices to 150 – 153 million VND per tael (a 1 million VND drop), matching DOJI, PNJ, and Phu Quy. Conversely, Bao Tin Minh Chau slightly raised their gold ring prices by 300,000 VND per tael, trading at 150.3 – 153.3 million VND per tael. SJC’s gold ring prices hit their lowest point since early December, at 149.4 – 151.9 million VND per tael.
Gold prices at SJC
As of 1:00 PM, gold retailers collectively reduced gold bar prices by approximately 700,000 VND per tael from the previous day’s close. Currently, SJC, DOJI, and PNJ are trading at 151.8 – 153.8 million VND per tael, while Bao Tin Minh Chau is at 152.3 – 153.8 million VND per tael. Phu Quy and Mi Hong are selling at 153.8 million VND per tael, buying at 150.8 million VND per tael and 152.5 million VND per tael, respectively. Bao Tin Manh Hai has yet to adjust their gold bar prices.
Bao Tin Minh Chau slashed gold ring prices by 1 million VND per tael compared to yesterday, now trading at 150 – 153 million VND per tael. SJC reduced their gold ring prices by 600,000 VND per tael to 149.4 – 151.9 million VND per tael (the lowest since early December). DOJI, PNJ, and Phu Quy also cut prices by 600,000 VND per tael, to 150 – 153 million VND per tael. Kim Gia Bao gold rings at Bao Tin Manh Hai are trading at 150.6 – 153.6 million VND per tael.
Gold prices at Bao Tin Minh Chau
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As of 9:00 AM, gold bar prices across brands remained largely unchanged. Mi Hong was the exception, raising their buying price by 300,000 VND per tael to 153.3 million VND per tael, while keeping their selling price at 154.4 million VND per tael.
Gold ring prices also saw minimal fluctuations. Bao Tin Manh Hai reduced Kim Gia Bao gold ring prices by 200,000 VND per tael from yesterday’s close, now trading at 150.8 – 153.8 million VND per tael. Earlier, Bao Tin Minh Chau cut gold ring prices by 500,000 VND per tael, now at 150.8 – 153.8 million VND per tael. SJC further reduced prices by 300,000 VND per tael, to 150 – 152.5 million VND per tael. Other brands made no adjustments from yesterday’s close.
Gold prices at Bao Tin Manh Hai
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Early morning update: Gold bar prices across brands showed a sideways trend. SJC, PNJ, and DOJI maintained their prices at 152.5 – 154.5 million VND per tael. Bao Tin Minh Chau and Mi Hong traded at 153 – 154.5 million VND per tael. SJC gold bars at Bao Tin Manh Hai were priced at 153.1 – 154.5 million VND per tael. Bao Tin Minh Chau reduced prices by 500,000 VND per tael yesterday, now at 150.8 – 153.8 million VND per tael. SJC cut an additional 300,000 VND per tael, to 150 – 152.5 million VND per tael.
Gold ring prices at SJC and Bao Tin Minh Chau declined. Bao Tin Minh Chau reduced prices by 500,000 VND per tael yesterday, now at 150.8 – 153.8 million VND per tael. SJC cut an additional 300,000 VND per tael, to 150 – 152.5 million VND per tael. Kim Gia Bao gold rings at Bao Tin Manh Hai are trading at 151 – 154 million VND per tael. DOJI and PNJ are buying and selling at 150.6 – 153.6 million VND per tael.
In the international market, spot gold hovers around $4,206 per ounce, roughly $20 million VND per tael lower than domestic prices.
According to Reuters, gold prices could rebound as U.S. private sector employment weakens significantly, per the latest ADP payroll data.
On Wednesday, ADP reported a loss of 32,000 jobs in the U.S. economy, contrary to expectations of a 5,000 job gain. “Recent hiring activity has been erratic as businesses navigate cautious consumer sentiment and macroeconomic uncertainty,” said Nela Richardson, ADP’s chief economist. “Notably, the decline was widespread across sectors but concentrated among small businesses.”
Gold prices recently surged to $4,200 per ounce, driven by silver’s momentum. However, gold is rebounding in response to weak employment data, potentially reinforcing expectations of a Federal Reserve rate cut next week. CME FedWatch tools indicate a nearly 90% chance of easing.
Year-End Gold Price Update: SJC Ring Prices Drop, Bullion Holds Steady as of December 3rd
Gold prices on December 3rd remained relatively unchanged compared to the previous session.
End of December 2: Gold Ring Prices at Bao Tin Minh Chau Continue to Decline
Revised Introduction:
Bảo TÃn Minh Châu has once again adjusted its pricing, offering reduced rates on exquisite gold rings.
(Note: The revised text adheres to the requested format, style, and language requirements.)
Year-End Gold Rush: SJC Gold and Ring Prices Surge by 500,000 VND per Tael Since Last Week
Compared to last week’s closing price, gold bullion prices today have surged by approximately 300,000 VND per tael, while gold ring prices have climbed between 300,000 to 500,000 VND per tael.
Global Gold Prices Surge: Will Domestic Gold Prices Follow Suit on November 29th?
Last night, global gold prices surged dramatically, surpassing the $4,200 per ounce mark. This sharp increase comes amid heightened demand for safe-haven assets and growing expectations that the Federal Reserve will soon cut interest rates.
Afternoon of November 27: Gold Ring Purchase Prices Continue to Decline
In today’s trading session, a leading gold retailer further reduced the buy-in price of gold rings to 149.5 million VND per tael.
