Gold bar, ingot, and jewelry prices remained stable on October 7-10, with SJC businesses listing buying prices at 82 million VND per tael and selling prices at 84 million VND per tael. The buying and selling price gap remained at up to 2 million VND per tael.
SJC company maintained the price of 24K gold rings and jewelry at around 82 million VND per tael for buying and 83.3 million VND per tael for selling. PNJ company sold gold rings at 83.6 million VND per tael, while Bao Tin Minh Chau company sold plain gold rings at 83.58 million VND per tael, the highest price ever for gold rings.
On the same day, the State Bank’s Ho Chi Minh City Branch announced that it had sent a document to the city’s departments, sectors, and districts, requesting coordination in disseminating information about legal regulations on gold jewelry and handicraft production conditions.
The price of 9999 gold rings is at its highest ever
The State Bank’s Ho Chi Minh City Branch sent the document to various departments, including the City Party Committee’s Mass Mobilization Commission, the Department of Information and Communications, the Market Management Department, the Tax Department, the City Police, the People’s Committees of districts and Thu Duc City, and the City’s Goldsmith and Jewelers Association.
According to the State Bank’s Ho Chi Minh City Branch, the number of enterprises registering for certificates of eligibility for gold jewelry and handicraft production has increased recently, following enhanced inspection and supervision by relevant agencies.
Gold jewelry and handicraft production is a conditional business activity, and enterprises in this field must meet conditions related to location, infrastructure, and necessary equipment. Enterprises must also comply with other relevant regulations, such as labeling, product quality, invoices, taxes, product origins, security, fire protection, and environmental protection.
Businesses must fulfill legal requirements, such as obtaining a business registration certificate and registering for gold jewelry and handicraft production. According to current regulations, the granting of certificates of eligibility for gold jewelry and handicraft production is an administrative procedure delegated by the State Bank to its provincial and municipal branches.
These procedures are publicly announced to guide enterprises. Enterprises that meet the conditions and comply with legal regulations will be considered for certification. Individuals and businesses interested in obtaining the Certificate of Eligibility for Gold Jewelry and Handicraft Production under the law are requested to contact the State Bank’s Ho Chi Minh City Branch directly for guidance.
Enterprises must obtain a business registration certificate and register for gold jewelry and handicraft production.
The State Bank’s Ho Chi Minh City Branch representative advised, “Individuals and businesses should avoid intermediaries or services that may incur unnecessary costs and impact the quality of public services. We request coordination in disseminating information about the procedures for granting certificates to eligible gold jewelry and handicraft production enterprises, especially with the recent fluctuations in world gold prices, which have had a certain impact on the domestic market.”
The Golden Opportunity: Unveiling the Secrets of SJC Gold Prices and Beyond
Morning gold prices remained relatively stable compared to the previous week, stubbornly clinging to record highs even as global gold prices retreated.
The Golden Surprise
As of the evening of September 27th, the SJC gold bar price was listed by the Saigon Jewelry Company (SJC) at 81.5 million VND per tael for buying and 83.5 million VND per tael for selling, maintaining the highest level in many months.
The Golden Opportunity: “New Peak Prices for Gold Rings Reach 83.5 Million VND/tael, Leaving Many Regretful for Selling Too Soon”
Many investors sold their gold rings when prices soared to 60 and then 70 million VND per tael. Now, as gold prices continue to reach new heights, these sellers are left watching from the sidelines, hesitant to buy back in.
