Record high gold ring price

Saigon Jewelry Company listed the price of round gold rings at 77.9 - 79.2 million VND/tael for buying and selling, unchanged compared to the end of the trading session on September 18.

The price of round gold rings is listed by Bao Tin Minh Chau Company at 77.98 - 79.18 million VND/tael. Doji and Phu Quy Groups also listed the price of round gold rings at 78 - 79.2 million VND/tael.

The price of plain round gold rings remains at a record high in history. The increase in the price of gold rings comes from the fact that the world gold price remains above 2,500 USD/ounce. Since the beginning of the year, investors holding gold rings have earned up to 17 million VND/tael.

The price of SJC gold bars is listed by businesses and banks at 80 - 82 million VND/tael. The difference between the buying and selling price of SJC gold is 2 million VND/tael.

At the same time, the world gold price was at 2,558 USD/ounce, down 15 USD/ounce compared to the previous trading session. Converted at the current exchange rate, the world gold price is about 76.8 million VND/tael, excluding taxes and fees.

In the currency market, the State Bank listed the central exchange rate at 24,151 VND/USD, up 10 VND/USD compared to before. At commercial banks, the USD exchange rate was around 24,500 - 24,840 VND/USD, up 65 VND/USD.

World gold prices fluctuate strongly

The Fed’s decision to cut interest rates by 0.5 percentage points immediately affected financial, currency and commodity markets. Gold prices soared to a new record high but then fell sharply.

Last night, September 18, the spot gold price peaked at over 2,595 USD/ounce, then cooled down and by early morning of September 19, it was down to 2,559 USD/ounce.