Shocking price increase, gold transactions in Nghe An are bustling in the buying direction
(Baonghean.vn) - Closing the first trading session of April, the world gold price increased sharply, the domestic gold ring price also "escalated" when reaching the 75 million VND/tael mark. The gold market in Nghe An was bustling when people sold gold at a high rate...
Sunday morning (April 7), closing the weekly trading session,world gold pricestood at 2,329 USD/ounce, a sharp increase of 96 USD/ounce compared to the closing price of the previous week. Last week, the world gold price continuously increased, in 6 trading sessions, 5 sessions increased. In which, the most surprising session at the end of the week increased by more than 50 USD/ounce.
In the domestic market, the price of SJC gold and gold rings also increased sharply, especially gold rings. At the end of the trading session of the week, the buying and selling price of SJC gold was at 79.5 - 81.92 million VND/tael, an increase of 1.2 million VND/tael for buying and 1.1 million VND/tael for selling compared to the closing price of the previous week.
9999 gold ring listed at 71.8 - 74.35 million VND/tael, increased 2-3 million VND/tael for buying and 3.5-4 million VND/tael for selling compared to the closing price of the previous week.
InNghe An, gold prices are also adjusted by gold and silver businesses to increase according to world and domestic gold prices. Specifically: The listed price of 9999 gold rings is 71 - 72.3 million VND/tael (buy) and 74.30 - 74.80 million VND/tael (sell).
It is worth mentioning that most of the SJC gold bar prices are not listed specifically on the board by private businesses. Only when someone comes to make a transaction will the store's staff update the price.
Accordingly, the price of SJC gold bars is being bought at 78.50-79.3 million VND/tael and sold at 81-81.50 million VND/tael. "At this time, we focus on the gold ring market. The price of SJC gold bars will be updated when there are buyers and sellers," said Ms. Ho Thi Tho - an employee of a gold shop on Cao Thang Street.
According to records, on the morning of April 7, in theGold shop in Vinh cityThere were quite a lot of customers coming to trade. Among them, many people came to sell gold rings to make a profit. Ms. Duong Thi L, residing in Quan Hanh town (Nghi Loc) said: "I bought 5 taels of gold rings 2 months ago, the price of gold at that time was 64.5 million VND/tael, now I can sell it for 72 million VND/tael, making a profit of 7.5 million VND/tael, which is also high".
Although the world gold price has increased dramatically, the price of gold rings has continuously set new records, but the price of gold bars has been quite stable, increasing insignificantly. In particular, many businesses do not list specific prices and seem to have slowed down when trading gold bars, making many people apprehensive.
Mr. Tran Quang T. (Lac Son, Do Luong) brought 5 taels of gold bars to Vinh to sell. He went to 5 gold shops to ask for the price, but none of them were interested in buying, so he was a bit worried.
Mr. T. said: “Knowing that the State will abolish the monopoly on gold bars, I was worried that the price of gold bars would fall, so I planned to sell gold bars to buy gold rings. However, while the price of gold rings increased sharply, the price of gold bars did not increase.
According to a price survey in 3 places, the highest price of gold bars that businesses buy is 79.3 million VND/tael. However, I decided to sell gold bars to switch to investing in gold rings to ensure safety."
According to gold and silver business owners, at this time, many people are selling gold bars to invest in gold rings, or selling gold bars to keep money. Because people are worried that when the State abolishes the monopoly on gold bars, the price of gold bars will drop sharply, they are taking advantage of selling gold bars while the price is high. This mentality has made gold transactions in Nghe An become bustling at gold shops in the buying direction.
“The number of people coming to sell gold bars has increased, we also consider when buying gold bars, choose carefully and the price difference between gold bars with shell, new shell, old shell…”, said Ms. Ngoc Mai - an employee of a private gold and silver business on Tran Phu street.
According to the latest weekly gold survey by Kitco News, analysts believe that gold prices will increase even higher next week. However, because gold prices have increased too quickly and too strongly, experts also advise people to be cautious when investing in this precious metal.
