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The price of SJC gold bars and round rings in Hai Duong both remained at a low level.

HA KIEN June 11, 2024 17:50

On June 11, at Hai Duong market, the trading price of SJC gold bars and 9999 round gold rings both remained at a low level.

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The price of gold rings in Hai Duong market is nearly 4 million VND higher than the world gold price.

In Hai Duong City, the trading price of 9999 round gold rings is maintained at a low level. At 5:00 p.m. on June 11, this type of gold was traded at an average of 73.9 million VND/tael for selling and 72.7 million VND/tael for buying. Compared to the converted world gold price (at 4:40 p.m. on June 11 at 58.095 million VND/ounce, equivalent to 70.041 million VND/tael), each round gold ring is currently sold at 3.859 million VND higher.

This price has been maintained since the beginning of the last trading session of the week, that is, from June 7. Compared to the price at the end of the trading session on June 6, each round ring gold tael decreased by an average of VND1.2 million/tael for selling and VND800,000/tael for buying. The difference between buying and selling prices narrowed from VND1.6 million/tael on June 6 to VND1.2 million/tael at 5:00 p.m. on June 11.

With SJC gold bars, at the same time of 5:00 p.m. on June 11, the transaction price at 3 stores Bao Tin Manh Hai, Doji, PNJ was around 76.98 million VND/tael for selling, 74.98 million VND/tael for buying. The selling price of these stores is equivalent to the selling price of gold bars of the group of 4 large banks (Big 4) in Hanoi, Ho Chi Minh City, Da Nang. Compared to June 1, the price of SJC gold bars decreased by 6.42 million VND/tael for selling, decreased by 6.12 million VND/tael for buying; the difference between buying and selling prices decreased from 3 million VND/tael to 2 million VND/tael.

Compared to the world gold price mentioned above, in Hai Duong market, each tael of SJC gold bar is currently 6,939 million VND higher.

Many experts say that market sentiment is changing. Previously, people preferred 9999 gold rings because the difference compared to world gold prices was not high. However, the difference between domestic SJC gold bars and world gold prices has also narrowed significantly. Therefore, in the coming time, the number of people wanting to buy SJC gold bars in areas sold by Big 4 may still be high.

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The relatively low price of SJC gold bars sold by the Big 4 group caused people to rush to buy, creating a jostling scene, including many people from neighboring provinces and cities of Hanoi such as Vinh Phuc, Hung Yen, Bac Ninh, Ha Nam (Photo taken by Hanoi Radio and Television on the morning of June 11)

This is also the reason why people have rushed to buy SJC gold bars in recent days. In response to this situation, the State Bank will coordinate with relevant units to verify and strictly handle speculative and market manipulation behaviors, while maintaining the supply of SJC gold bars to meet the legitimate needs of the people.

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This is an image of people gathering in front of the gate of Saigon Jewelry Company (SJC) on Nguyen Thi Minh Khai Street, District 3, Ho Chi Minh City to buy gold on the afternoon of June 11 (Photo: Tien Phong Electronic Newspaper)

As we have reported, the Big 4 group has not yet launched the sale of SJC gold bars in Hai Duong. Hai Duong Newspaper will inform readers as soon as these banks launch the sale of gold bars in the province.

HA KIEN
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The price of SJC gold bars and round rings in Hai Duong both remained at a low level.