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Gold ring price accelerates to new peak, approaching 60 million VND/tael

According to Vietnamnet October 28, 2023 18:44

The price of domestic gold rings today, October 28, increased sharply, with some brands increasing by more than half a million VND/tael. The price of gold rings has approached the 60 million VND/tael mark, reaching its highest level ever.

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Gold ring price hits new peak, approaching 60 million VND/tael

The price of gold rings of all brands today all increased sharply, approaching the 60 million VND/tael mark (selling), setting a new historical peak.

Specifically, at the end of the afternoon session on October 28, the gold ring price of Phu Nhuan Jewelry Joint Stock Company (PNJ) was listed in Ho Chi Minh City at 58.7-59.95 million VND/tael, an increase of 500 thousand VND/tael in buying price and an increase of 650 thousand VND/tael in selling price compared to the end of yesterday's session.

Similarly, the price of gold rings of DOJI Gold and Gemstone Group also increased sharply. At the end of today's session, the price of gold rings listed by DOJI was 58.85-59.85 million VND/tael (buy - sell), an increase of 400 thousand VND/tael in the buying direction and an increase of 450 thousand VND/tael in the selling direction compared to the end of yesterday's session.

Meanwhile, the price of 9999 gold rings, type 1-5, was listed by Saigon Jewelry Company (SJC) in Ho Chi Minh City at 58.7-59.8 million VND/tael (buy - sell), an increase of 350 thousand VND/tael in both buying and selling compared to the closing price yesterday.

The price of 0.5-tael 9999 gold ring is bought and sold by SJC at 58.7-59.9 million VND/tael, also increased by 350 thousand VND/tael in both buying and selling compared to the end of yesterday's session.

The difference between the buying and selling price of gold rings currently fluctuates between 1-1.25 million VND/tael.

Thus, the domestic gold ring price today set a new record when approaching the 60 million VND/tael mark. Compared to the beginning of the year, the price of SJC gold rings has increased by about 5.6 million VND/tael.

Following the same trend, domestic gold bar prices also increased sharply today.

Early this morning, the price of SJC gold bars increased by VND200,000/tael for buying and VND300,000/tael for selling compared to yesterday's closing price, reaching VND71 million/tael (selling). This afternoon, the price of SJC gold bars decreased slightly, losing the VND71 million/tael mark.

At the end of today's session, the price of SJC gold bars in Hanoi increased by 150 thousand VND/tael in both buying and selling compared to yesterday's session, trading at 70.15-70.97 million VND/tael (buying - selling).

DOJI gold bar price today in Hanoi increased by 200 thousand VND/tael in both buying and selling compared to yesterday's closing price, ending the session listed at 70.1-71 million VND/tael (buying - selling).

In the international market, gold prices today skyrocketed, surpassing $2,000/ounce, reaching the highest level since May. The escalating conflict in the Middle East has caused gold prices to rise.

At 4:26 p.m. on October 28 (Vietnam time), the world spot gold price was at 2,005.6 USD/ounce, up 23.6 USD/ounce compared to last night.

The world gold price converted at the current exchange rate at Vietcombank is nearly 59.8 million VND/tael (excluding taxes and fees), 11.17 million VND/tael lower than the price of SJC gold bars.

According to Vietnamnet
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    Gold ring price accelerates to new peak, approaching 60 million VND/tael