Gold prices increase sharply
Over the past three months, the domestic gold market has witnessed a skyrocketing increase, with strong increases in both buying and selling directions at all major brands.
From January 11, 2025 to now (April 11, 2025), the price of SJC gold bars has increased by 18.5 to 18.6 million VND/tael for buying and from 19.6 to 19.74 million VND/tael for selling, depending on the business unit.
On January 11, 2025, Saigon Jewelry Company SJC and DOJI Group both listed the price of SJC gold bars at 84.8 million VND/tael for buying and 86.66 million VND/tael for selling. As of today, both units have listed gold prices at VND103.4 million/tael for buying and VND106.4 million/tael for selling. Thus, the purchase price increased by 18.6 million VND/tael and the selling price increased to 19.74 million VND/tael.
At Bao Tin Minh Chau, the price of SJC gold bars on January 11 was 84.9 million VND/tael for buying and 86.8 million VND/tael for selling. Currently, this brand also listed the buying price at 103.4 million VND/tael and selling price at 106.4 million VND/tael, corresponding to an increase of 18.5 million VND for buying and 19.6 million VND for selling.
Not only gold bars, Hung Thinh Vuong 9999 round gold rings also recorded impressive increases. On January 11, 2025, DOJI listed the price of gold rings at VND85.4 million/tael for buying and VND86.6 million/tael for selling.
By April 11, 2025, the price had increased to 101.4 million VND/tael for buying and 105 million VND/tael for selling. Thus, the purchase price increased by 16 million VND/tael, while the selling price increased by 18.4 million VND/tael.
At Bao Tin Minh Chau, the price of gold rings on January 11 was VND85.7 million/tael for buying and VND87 million/tael for selling. Up to now, the price has skyrocketed to 102.5 million VND/tael for buying and 106.4 million VND/tael for selling, equivalent to an increase of 16.8 million VND for buying and 19.4 million VND for selling.
Investors make big profits
If a person buys SJC gold bars on January 11, 2025 at VND 86.66 million/tael at Saigon Jewelry Company or DOJI, after three months, they can sell them at VND 103.4 million/tael and earn a profit of up to VND 16.74 million/tael.
At Bao Tin Minh Chau, investors buy gold bars at 86.8 million VND/tael, if they sell today, they will also make a profit of about 16.6 million VND/tael.
With Hung Thinh Vuong 9999 round gold rings, the profit is not small at all. Investors bought from January 11 at 86.6 million VND/tael at DOJI, now they can sell at 101.4 million VND/tael, equivalent to a profit of 14.8 million VND/tael.
At Bao Tin Minh Chau, if buying gold rings at 87 million VND/tael and selling them today at 102.5 million VND/tael, investors will have to pay about 15.5 million VND/tael.
Notably, the gap between buying and selling prices has also been widened. If three months ago, the difference ranged from 1.9 to 2 million VND/tael, now, most large enterprises apply the difference of 3 million VND/tael.
The difference between buying and selling prices is up to 3 million VND/tael, increasing the risk of losses for surfing investors. If buying gold at a high price and not yet benefiting from the price increase, buyers may suffer immediate losses when selling due to the large gap between the two prices.
This makes short-term gold investment risky, requiring investors to carefully consider the buying and selling time to avoid buying high, selling low and suffering significant losses.
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