Gold ring price increases sharply, approaching the peak of 71 million VND
This morning (March 21), the price of domestic gold rings increased sharply following the trend of world gold prices. Some brands increased by up to 1.56 million VND/tael in the selling direction, approaching the old peak.
After several fairly stable trading sessions, the pricegold ringDomestic gold prices fluctuated strongly today, increasing sharply since the morning following the development of world gold prices.
Right from the early morning, brands have raised the price of gold rings with a very strong amplitude. Some brands increased by up to 1.56 million VND/tael in the selling price compared to yesterday's closing price.
Specifically, at 9:38 a.m. on March 21, Bao Tin Minh Chau listed the price of Thang Long Dragon gold rings at 69.43-70.73 million VND/tael (buy - sell), an increase of 1.46 million VND/tael in the buying direction and an increase of 1.56 million VND/tael in the selling direction compared to the closing price yesterday.
The price of Thang Long Dragon gold rings early this morning was only 650 thousand VND/tael each way compared to the peak of 70.08-71.38 million VND/tael (buy - sell) set on March 11.
Similarly, the price of gold rings at DOJI Gold and Gemstone Group also increased sharply.
Early this morning, DOJI listed the price of 9999 round smooth gold rings at 69.4-70.7 million VND/tael, an increase of 1.45 million VND/tael for buying and 1.55 million VND/tael for selling compared to yesterday's closing price.
The price of gold rings of Saigon Jewelry Company Limited (SJC) also increased.
The price of 1-5 chi 9999 SJC gold rings was listed in Ho Chi Minh City at 9:17 am at 68.6-69.9 million VND/tael (buy - sell). Compared to the closing price yesterday, the price of SJC gold rings early this morning increased by 1.05 million VND/tael for buying and 1.15 million VND/tael for selling.
In the same trend, the price of gold rings of Phu Nhuan Jewelry Joint Stock Company (PNJ) also increased. PNJ's gold rings in Ho Chi Minh City early this morning were bought and sold at 68.7-69.9 million VND/tael, an increase of 1.15 million VND/tael in both directions compared to yesterday's closing price.
Not only gold rings but also pricesgold baralso increased sharply according to world prices.
Early this morning, the price of SJC gold bars increased by 600 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, reaching 82 million VND/tael (selling). However, after that, the price of SJC gold bars turned down by 200 thousand VND/tael, losing the 82 million VND/tael (selling) mark.
Although cooling down, the price of SJC gold bars is still 400 thousand VND/tael higher than the closing price yesterday, listed at 9:17 am on March 21 at 79.8-81.82 million VND/tael (buy - sell).
DOJI's gold bar price also increased by 400,000 VND/tael in both buying and selling compared to yesterday's closing price, listed at 9:57 am at 79.7-81.7 million VND/tael.
In the world market, gold prices soared to a historic peak after the US signaled that it still plans to cut interest rates several times this year.
At 10:11 a.m. on March 21 (Vietnam time), the world spot gold price was at 2,203.1 USD/ounce, up 50.1 USD/ounce compared to last night.
Converted at the current exchange rate at Vietcombank, world gold is currently priced at nearly 66.27 million VND/tael (excluding taxes and fees).
Thus, compared to the world gold price, the price of SJC gold bars is 15.55 million VND/tael higher, while the price of SJC gold rings is 3.63 million VND/tael more expensive./.
