Gold prices hit record high, should people sell to take profit?

    HẠ MÂY |

    Domestic gold prices are continuously increasing and are expected to continue to increase in the coming time.

    In recent days, domestic gold prices have been continuously hot as gold rings and gold bars have both increased to record levels. At this time, many people are also wondering whether they should sell gold to make a profit.

    "I bought gold rings in July and have made a profit of about 5 million VND so far. At this time, the price of gold is increasing continuously, so I am waiting a bit more before selling to make a profit" - Mr. Phan Thanh Vinh (living in Thu Duc City) shared.

    According to experts, gold prices will continue to fluctuate in the coming time. Investors need to be very careful when deciding to buy gold or sell for profit.

    Talking to Lao Dong, expert Tran Duy Phuong - Director of the Golden Fund Gold and Gemstone Company - said that in the past 2 weeks, world gold has increased sharply with high prices, since the beginning of the year it has increased by about 30%, equivalent to 600 USD. Therefore, there is a possibility of profit-taking in world gold because world gold is always fluctuating.

    The upward trend is still there, but in the short term, it may be adjusted down to 2,000 - 2,500 USD/ounce to have more growth. If people buy gold during this time, they will buy at the peak, there will not be a high profit margin, and there will be many risks.

    "It is predicted that in October, the gold price will tend to decrease again, so now is the time to buy. Because the gold price will increase higher than the current time by the end of the year, investors will make higher profits. For those who have bought gold before and have made a profit, they should consider closing and wait until the gold price decreases to buy again" - expert Tran Duy Phuong said.

    This afternoon (September 24), in Ho Chi Minh City, DOJI gold bars are buying at 81.50 million VND/tael and selling at 83.50 million VND/tael. PNJ is buying at 80.50 million VND/tael and selling at 81.50 million VND/tael.

    The price of gold rings continues to set new peaks, DOJI listed the price of gold rings at 80.10 - 81.20 million VND/tael (buy - sell), while SJC listed it at 79.80 - 81.10 million VND/tael.

    HẠ MÂY
    RELATED NEWS

    92.5 trillion VND project in Hanoi: Hundreds of people come to hear information about land acquisition

    |

    Hanoi - The work of land acquisition and site clearance for the Olympic Sports Urban Area project, with an investment of 925 trillion VND, is being actively implemented by communes.

    The atmosphere of Chôl Chnăm Thmây Tet is bustling in the heart of Ho Chi Minh City. Photo: Thai Bao

    People excitedly attend the Buddha bathing ceremony during the Chol Chnam Thmay Tet holiday

    |

    Ho Chi Minh City - Chôl Chnăm Thmây Tet at Candaransi Pagoda attracts a large number of people, highlighted by the Buddha bathing ritual and imbued with the identity of the Khmer people.

    Politburo Member, Prime Minister Le Minh Hung signs decision to dissolve the National Traffic Safety Committee from June 1. Photo: VGP

    Terminating the operation of the National Traffic Safety Committee from June 1, 2026

    |

    The Prime Minister decided to terminate operations and dissolve the National Traffic Safety Committee and the Traffic Safety Boards of localities from June 1, 2026.

    The incident of a teacher punishing a student for self-injecting a needle into his hand occurred at Luong The Vinh Primary School. Photo: Dinh Trong

    Case of teacher punishing 5 students for self-injecting needles in their hands: Test results have been available

    |

    Ho Chi Minh City - 5 students who were punished by teachers by self-injecting needles into their hands have blood counts within normal limits and are continuing to be monitored for their health.

    The Government requests ministries, ministerial-level agencies, and People's Committees of provinces and cities to inspect and supervise the arrangement and arrangement of deputy-level leaders. Photo: Ta Quang

    Government directs inspection of the arrangement and assignment of deputy-level leaders

    |

    The Government requests inspection and supervision of legal regulations on arranging and assigning the number of deputy-level leaders according to regulations.

    At the working session of the Vietnam General Confederation of Labor with Lao Dong Newspaper, Mr. Nguyen Anh Tuan - Member of the Party Central Committee, Vice Chairman of the Central Committee of the Vietnam Fatherland Front; Secretary of the Party Committee, Chairman of the Vietnam General Confederation of Labor expressed his belief that Lao Dong Newspaper will maintain its number 1 position in protecting workers. Photo: Hai Nguyen

    Trusting Lao Dong Newspaper to maintain its No. 1 position in protecting workers

    |

    Hanoi - At a working session with Lao Dong Newspaper on the morning of April 16, Chairman of the Vietnam General Confederation of Labor Nguyen Anh Tuan expressed his belief that Lao Dong Newspaper will continue to maintain its number 1 position in protecting workers.

    Nhiều người dân bán sang tay cho nhau để chốt lời vàng nhẫn. Ảnh: Viết Quý

    Crying when selling gold to take profit but losing profit

    Thanh Bình - Khánh Nhiên |

    Some people who have held gold for a long time now decide to sell for profit, but in the end regret it because the price of gold has skyrocketed.

    Gold ring price breaks all records, many people still buy

    Phương Anh |

    Although the price of plain round gold rings has increased sharply, breaking a new record of 81.2 million VND/tael, many people are still looking to buy them.

    Gold ring price exceeds 81 million VND/tael, many places are out of stock

    NGỌC LÊ |

    Currently, the price of gold rings exceeds 81 million VND/tael; many gold shops in Ho Chi Minh City continue to announce that they are out of gold rings and cannot sell.