Gold prices in Nghe An today (November 22): Continuing the upward trend.
After a series of price increases, by the morning of November 22nd, the price of gold in Nghe An had risen to 87.50 million VND/ounce (selling price) and 83.70 million VND/ounce (buying price).
On the international market, the spot gold price at 11:14 PM on November 21st reached $2,668.71 per ounce, an increase of $21.22 per ounce, or 0.80%, over the past 24 hours.
This recovery stems from market optimism following Russia's announcement of lowering its nuclear weapons program, which helped alleviate some of the fears of global war.
Domestically, the price of SJC gold is listed at 83.7 - 84 million VND/ounce (an increase of 1,000,000 VND/ounce compared to yesterday); 86 - 86.2 million VND/ounce (an increase of 500,000 VND in the selling price compared to the trading session on November 21).
In Vietnam, due to the sharp increase in world gold prices, on November 20th, the price of SJC gold bars reached 85.7 million VND/ounce (selling price). The price of gold rings increased to 84.9 million VND/ounce (selling price).
In Nghe An, at the opening of trading this morning, 9999 gold rings were listed by gold shops as follows: Kim Thanh Huy Gold and Silver: 83.70 million VND/ounce (buying price) and 87.50 million VND/ounce (selling price); Duc Tai Tam Dat Gold and Silver (Quynh Luu): 83.40 million VND/ounce (buying price) and 87 million VND/ounce (selling price); Nhu Trinh Gold and Silver: 83.10 million VND/ounce (buying price) and 86.40 million VND/ounce (selling price)...
Thus, compared to the national average price, the price of gold rings in Nghe An is 1.5 - 2 million VND/ounce higher in the selling price.
According to expert analysis, the price of gold will soon return to its all-time high of $2,800 per ounce and continue to aim for $3,000 per ounce by 2025.
Gold prices will receive support from several factors: Geopolitical tensions, global inflation, and the increasingly strong role of Eastern markets will continue to be the main drivers of gold's upward trend. Investors can take advantage of corrections to accumulate gold, aiming for record high prices in the future.
