The Alluring Allure of Gold: A Shining Investment Opportunity.

As of July 18, the buying price of SJC gold bars surged by VND 1 million per tael, while the buying price of plain gold rings increased by VND 300,000 per tael compared to the previous trading session's close. The buying and selling price spread narrowed to VND 1-1.3 million per tael, depending on the brand.

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Saigon Jewelry Company has listed the price of round gold rings at 75.98 – 76.88 million VND per tael. This price is an increase of 330,000 VND per tael for buyers and 30,000 VND per tael for sellers compared to the previous trading session on July 17th.

Bao Tin Minh Chau Jewelry Company has increased the price of round gold rings by 250,000 VND per tael from the previous day, to the level of 76.33 – 77.63 million VND per tael for buyers and sellers.

Doji Group has listed the price of round gold rings at 76.45 – 77.7 million VND per tael, an increase of 50,000 VND per tael.

The increase in the buying price by gold enterprises shows a trend of “attracting” gold from the people. For almost two months now, many businesses have run out of SJC gold bars and round gold rings for sale.

The buying price of SJC gold bars has increased by 1 million VND per tael, to the level of 75.98 – 76.98 million VND per tael for buyers and sellers. (Photo: BTMC)

For SJC gold bars, the four state-owned commercial banks (Agribank, BIDV, Vietcombank, and VietinBank) and enterprises listed the price at 75.98 – 76.98 million VND per tael for buyers and sellers. This price is an increase of 1 million VND per tael for buyers and remains the same for sellers compared to the previous session.

This morning, the world gold price was listed at 2,468 USD/ounce. When converted according to the current exchange rate, the world gold price is close to 76 million VND per tael, excluding taxes and fees.

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