SJC gold bar price increased by 1.5 million/tael, reaching 82 million VND

SJC gold bar price suddenly skyrocketed in the morning trading session of September 17

In the trading session this morning, September 17, the price of SJC gold bars at Saigon Jewelry Company (SJC) suddenly jumped by 1.5 million VND in both buying and selling directions, raising the trading price of this item to 80 - 82 million VND/tael.

This is also the highest price that SJC gold bars have recorded since the State Bank of Vietnam (SBV) intervened to sell gold to stabilize the price to people in June.

Also this morning, 4 state-owned banks (BIDV, Agribank, Vietcombank, VietinBank) listed the selling price of SJC gold bars to people at 82 million VND/tael.

Similar to SJC, DOJI Group, Phu Nhuan Jewelry Joint Stock Company (PNJ), Phu Quy Group, Bao Tin Minh Chau and Mi Hong Company also simultaneously adjusted the price of gold bars to increase by 1.5 million VND per tael, raising the average price of the whole market to a new level of 80 - 82 million VND/tael.

Thus, after 12 days of inactivity, the price of SJC gold bars has just recorded a change this morning. The fluctuation of 1.5 million VND/tael is also the strongest increase in a session that SJC gold bars have had since the beginning of the year.

Compared to the beginning of the year, the current selling price of SJC gold bars has increased by about 7 million VND per tael, equivalent to a net increase of more than 9%. And buyers of SJC gold bars at the beginning of the year have made a profit of about 5 million VND per tael.

Contrary to the strong increase in SJC gold bars, the price of gold rings this morning "stayed in place" when it remained the same as the previous session's closing price.

Currently, gold and gemstone companies mainly list this item at the price range of 78 - 79.2 million VND/tael (buy - sell).

This is the first sideways session for gold rings in a week. Before that, this item had been fluctuating continuously, especially increasing sharply at the end of last week due to benefiting from the record increase in world gold prices.

In the world market, the price of precious metals has set a record at above2,580 USD/ounce last weekend, and has maintained its "form" until now. In the ongoing trading session, the world spot gold price continued to increase slightly.2,583 USD/ounce, approaching new record2,600 USD/ounce that many predicted the precious metal would reach after the US Federal Reserve's decision to cut interest rates.