Saigon Jewelry Company listed the price of round gold rings at 75.5 – 77 million VND per tael. This price increased by 200,000 VND per tael for buyers and 100,000 VND per tael for sellers compared to the previous trading session on July 27.
Phu Quy Group listed the price of round gold rings at 75.75 – 77.05 million VND per tael, an increase of 150,000 VND per tael.
Bao Tin Minh Chau Company listed the price of round gold rings at 75.88 – 77.08 million VND per tael, an increase of 200,000 VND per tael.
The price of round gold rings has gone through a week of continuous fluctuations, causing heavy losses for buyers. On the first trading day of the week (July 22), the selling price of round gold rings was 77.19 million VND per tael. By July 28, the buying price was 75.5 million VND per tael. Excluding the buying and selling spread, gold holders lost 1.69 million VND per tael within a week.
Round gold ring prices are listed at 75.5 – 77 million VND per tael for buying and selling.
The price of SJC gold bars, as listed by enterprises and state-owned banks, is 77.5 – 79.5 million VND per tael for buying and selling. The buying and selling spread is 2 million VND per tael.
At the same time, the world gold price was listed at 2,387 USD/ounce. When converted according to exchange rates, world gold prices are approximately 73.2 million VND per tael, excluding taxes and fees.
In the currency market, July 27 fell on a weekend, and the State Bank of Vietnam kept the mid-rate unchanged at 24,249 VND.
Declining USD Prices: Banks and Free Market Suffer Declines
Approaching Tet holidays, the USD price in banks and the free market dropped significantly, despite the international USD index maintaining a high level.
Market Update on February 2nd: Oil, Copper, Iron & Steel, Rubber, and Sugar Prices Decline, Gold Surges to Almost 1-Month High.
At the end of the trading session on February 1st, the prices of oil, copper, iron and steel, rubber, and sugar all dropped, while natural gas hit a nine-month low and gold reached its highest point in nearly a month.
Vietnam Airlines sees promising results in its quest for financial balance
By the end of 2023, this business has incurred a total loss of over 5.8 trillion VND despite a 30% increase in revenue.
Market Update on February 3rd: Crude oil, gold, copper, iron and steel, and rubber all decline together.
At the close of trading on February 2nd, the prices of oil, gold, copper, steel, rubber, and coffee all saw a simultaneous decrease, with iron ore hitting a two-week low.
How will the price of gold rings change on the occasion of the God of Wealth’s Day this year?
The current price of gold rings is very high, around 65 million dong per tael, which is about ten million dong higher than a year ago.
