Major gold retailers in Vietnam, including DOJI and Bao Tin Minh Hai, have increased their selling prices for SJC gold bars to 122.7-124.1 million VND per tael, a surge of about 300 thousand VND from the previous day.
Similarly, Bao Tin Minh Hai has also adjusted the price of SJC gold bars to 122.8 – 124.0 million VND per tael.
Saigon Jewelry Company, at 14:45, increased the price of SJC gold to 122.7-124.1 million VND per tael, but then adjusted it down. The price of SJC gold bars at the moment is 122.4-123.8 million VND per tael.
The price of plain 9999 gold rings in the market today has also increased and is commonly listed above the 120 million VND per tael mark. Specifically, Bao Tin Minh Chau quoted the price at 117.8 – 120.8 million VND per tael, while DOJI and PNJ listed it at 117.5-120.0 million VND per tael.
Both SJC gold and plain gold ring prices are currently at their highest levels ever.
Price list at a gold and jewelry company
In the past month, the price of plain gold rings has increased by about 3-3.5 million VND per tael, while SJC gold has surged by about 4 million VND per tael.
On the international market, the spot gold price is currently at $3,375 per ounce. The precious metal briefly touched $3,395 per ounce earlier in the afternoon, marking a gain of about $25 per ounce. However, gold then reversed course and fell sharply.
A few days ago, gold prices also fluctuated wildly. On the evening of August 5, the precious metal suddenly surged to nearly $3,400 per ounce before reversing course and falling.
According to Kitco News, gold bar inventories in warehouses affiliated with the Shanghai Futures Exchange (SHFE) have risen to record highs, indicating strong gold demand in China.
Currently, more than 36 tons of gold are registered for delivery against futures contracts as investors and banks take advantage of the price differential between the spot and futures markets.
“This shows that gold buying in China is very strong, especially as arbitrage surges on rising futures demand,” said John Reade, senior strategist at the World Gold Council (WGC)
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