Gold rings hit a new peak, surpassing 96 million VND per tael

On the morning of March 14, Saigon Jewelry Company (SJC) listed plain gold rings at 94 - 95.5 million VND per tael, 1.2 million VND higher than yesterday.

At some other brands, the selling price of plain rings on the market has exceeded 96 million VND per tael. For example, Phu Nhuan Jewelry Company (PNJ) buys and sells gold rings for 94.3 - 96 million VND per tael. At Bao Tin Minh Chau, plain rings this morning went up to 94.65 - 96.2 million VND.

Gold bars also increased at the beginning of the day with a corresponding amplitude. SJC, PNJ, Bao Tin Minh Chau all listed gold bars at 94.1 - 95.6 million VND per tael, 1.2 million VND higher than the record price set yesterday.

Domestic gold prices rose after the world's precious metal hit a new peak, approaching the $3,000 per ounce mark. At 9:30 a.m. Hanoi time, the world gold price was hovering around $2,986 per ounce, converted at Vietcombank's selling rate, equivalent to VND92.6 million per tael. The difference between domestic and world gold prices is currently around VND3 million per tael.

After the God of Wealth festival, major domestic brands returned to limiting the amount of gold ring purchases. Currently, SJC limits each person to a maximum of 1 tael of plain rings. Some DOJI branches have stopped selling gold rings. At Bao Tin Minh Chau, people have to line up to get a number and the purchase quantity is also limited to a maximum of 1 tael.