Gold ring price increased slightly, SJC gold bar price remained stable

Specifically, at 9:00 a.m., Saigon Jewelry Company (SJC) announced the selling price of SJC gold bars at 79 - 81 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the closing price of last weekend.

DOJI Gold and Gemstone Group listed the price of SJC gold bars at 79 - 81 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the closing price of last weekend.

Expert Truong Vy Tuan, Giavang.net, emphasized: In the context of the State Bank's stable and flexible management of gold bar prices over the past time, it has helped the market become more transparent, while limiting speculation and hoarding; thanks to that, gold bar trading has become less active, and the price difference between the market price and the official gold bar trading price at 4 state-owned commercial banks is also gradually narrowing. This is a positive and very noteworthy result.

While the price of gold bars remained stable, the price of gold rings increased slightly this morning.

DOJI Gold and Gemstone Group listed the price of gold rings at 77.3 - 78.5 million VND/tael (buy - sell), an increase of 100,000 VND/tael in both buying and selling compared to the closing price of last weekend.

Saigon Jewelry Company (SJC) listed the price of gold rings at 77.2 - 78.6 million VND/tael (buy - sell), an increase of 100,000 VND/tael for buying and 200,000 VND/tael for selling compared to the closing price last weekend.

According to experts, although the world gold price has left its all-time peak of over 2,530 USD/ounce, there is still the prospect of continuing to increase if the USD and interest rates decrease.

In addition, global geopolitical instability can also create shocks in the commodity market, central banks actively buy gold while each year gold mining output becomes less and less...

Therefore, the world gold price still has room to increase further. Domestic 9999 gold rings always react closely to fluctuations in world gold prices and have returned to their old peak, but may also reach new milestones if world gold continues to "shine".

Next week, which is also the last trading day of August, on Thursday, the US Bureau of Economic Analysis (BEA) will release its estimate of annualized Gross Domestic Product (GDP) growth for the second quarter. The market is expecting no change to the initial estimate of 2.8%.