Nghe An gold price today (November 22): Continuing to increase
After a series of days of price increases, by the morning of November 22, the gold price in Nghe An had increased to 87.50 million VND/tael (selling) and 83.70 million VND/tael (buying).
On the international market, the spot gold price at 11:14 p.m. on November 21 reached 2,668.71 USD/ounce, up 21.22 USD/ounce, up 0.80% in the past 24 hours.
The rally was driven by market optimism after Russia announced it would lower its nuclear weapons threshold, helping to ease fears of global war.
Domestically, SJC gold price is listed at 83.7 - 84 million VND/tael (up 1,000,000 VND/tael compared to yesterday); 86 - 86.2 million VND/tael (up 500,000 VND for selling price compared to the trading session on November 21).
In Vietnam, due to the sharp increase in world gold prices, on November 20, the price of SJC gold bars reached 85.7 million VND/tael (selling). The price of gold rings increased to 84.9 million VND/tael (selling).
In Nghe An, opening the trading session this morning, 9999 gold rings were listed by gold shops as follows: Kim Thanh Huy Gold and Silver is 83.70 million VND/tael (buy) and 87.50 million VND/tael (sell); Duc Tai Tam Dat Gold and Silver (Quynh Luu) is 83.40 million VND/tael (buy) and 87 million VND/tael (sell); Nhu Trinh Gold and Silver is 83.10 million VND/tael (buy) and 86.40 million VND/tael (sell)...
Thus, compared to the national price level, the price of gold rings in Nghe An is 1.5 - 2 million VND/tael higher in the selling direction.
According to experts' analysis, gold prices will soon return to their all-time high of $2,800/ounce and continue to move towards $3,000/ounce by 2025.
Gold prices will receive support from the following factors: Geopolitical tensions, global inflation, and the increasingly strong role of Eastern markets will continue to be the main drivers of gold's rise. Investors can take advantage of corrections to accumulate gold, aiming for a record high price in the future.
