Gold ring price drops sharply, reaching 76 million VND
The domestic gold ring price today (July 26) dropped sharply following the world gold price, with some brands being 400,000 VND/tael cheaper overnight. Brands simultaneously brought the gold ring price to 76 million VND/tael (selling price).
Saigon Jewelry Company (SJC) also quickly reduced the price of gold rings. SJC early this morning listed the price of 1-5 chi gold rings in Ho Chi Minh City at 75.2-76.7 million VND/tael (buy - sell), down 350 thousand VND per tael for buying and down 250 thousand VND per tael for selling compared to the closing price yesterday.
Doji Gold and Gemstone Group early this morning brought the price of 9999 round smooth gold rings to 75.55-76.85 million VND/tael (buy - sell), down 200 thousand VND/tael for buying and down 150 thousand VND/tael for selling compared to yesterday's closing price.
This morning, Bao Tin Minh Chau Company reduced the price of Thang Long Dragon gold rings to 75.58-76.88 million VND/tael (buy - sell), down 150 thousand VND/tael in both buying and selling compared to yesterday's closing price.
The difference between the buying and selling price of gold rings of the brands currently fluctuates between 1.3-1.51 million VND per tael.
Meanwhile, the price of gold barsSJC remained unchanged from yesterday. On the morning of July 26, major gold companies such as SJC, Doji, and PNJ listed the price of SJC gold bars at 77.5-79.5 million VND/tael (buy - sell).
Gold ring prices fell rapidly in the context of world gold prices plummeting, reaching their lowest level in more than 2 weeks last night, due to the possibility that the US will delay reversing its monetary policy.
However, this morning, the world gold price tends to recover. At 10:51 am on July 26 (Vietnam time), the spot gold price was at 2,371.9 USD/ounce, up 1.4 USD/ounce compared to last night.
World gold converted at current exchange rate at Vietcombank is more than 73.5 million VND/tael (including tax and fees).
The gap between the world gold price and the SJC gold bar price has widened. Compared to the world gold price, each tael of SJC gold bar is now 6 million VND/tael more expensive. This difference is quite high compared to the difference of only about 400 thousand VND/tael on July 17.
The price of SJC gold rings is 3.2 million VND/tael higher than the world gold price.
.jpg "Các tiệm vàng ở Nghệ An tạm ngừng giao dịch vàng miếng SJC?")
