Gold price breaks out, profit up to 34.5 million VND/tael after half a year of down payment

Comparing gold prices between May 13 and November 13 shows a clear increase in each enterprise, while reflecting the significant profit for investors who bought gold half a year ago.

In the SJC gold bar group, DOJI Group adjusted the buying price from 117.5 million VND to 151.3 million VND and the selling price from 119.5 million VND to 153.3 million VND after six months. The increase is equivalent to 33.8 million VND in both directions. With this development, investors bought gold at the time of May 13 and compared to the current buying price, there is a profit of 31.8 million VND per tael.

At SJC Company, the price of gold bars also increased from 117.5 - 119.5 million VND to 151.3 - 153.3 million VND. This is an increase of 33.8 million VND in both directions, similar to DOJI. Investors holding gold for the past six months have now reached a profit of VND 31.8 million per tael.

Bao Tin Minh Chau recorded a slight increase in the buying direction. Six months ago, the company listed gold bars at 117.5 - 119.5 million VND; by November 13, the price had increased to 151.8 - 153.3 million VND. Thus, Bao Tin Minh Chau adjusted the price to increase by 34.3 million VND for buying and 33.8 million VND for selling. The profit of buyers in May accordingly reached 32.3 million VND per tael.

Phu Quy adjusted the purchase price from 116.5 million VND to 150.3 million VND and the selling price from 119.5 million VND to 153.3 million VND. The corresponding increase is 33.8 million VND per direction. Investors who bought in May are currently making a profit of 30.8 million VND per tael when compared to the latest price.

In the 9999 gold ring group, the increase was even stronger than that of gold bars. At DOJI, the price of gold rings increased from 112.5 - 115 million VND to 149.5 - 152.5 million VND in six months, corresponding to an increase of 37 million VND for buying and 37.5 million VND for selling. With this development, investors who bought from May currently have a profit of VND34.5 million per quantity.

Bao Tin Minh Chau adjusted gold rings from 115 - 118 million VND to 150.6 - 153.6 million VND. The increase reached 35.6 million VND in both buying and selling directions. The profit that investors earned after six months was 32.6 million VND for each tael of gold ring.

Phu Quy raised the price of gold rings from 113.5 - 116.5 million VND to 150 - 153 million VND on November 13, an increase of 36.5 million VND in both directions. The corresponding interest rate of the investor is up to 33.5 million VND per tael.

Although the profit after six months is quite large, the gold market still has potential risks when the difference between buying and selling prices at enterprises is currently maintained at 1.5 - 3 million VND pertaining amount, causing investors to suffer losses right in the transaction.

In addition, the FOMO mentality is strong as many people are worried about continued price increases, easily leading to buying at too high a price range. In the context of unpredictable fluctuations, investors should be cautious, avoid following the crowd psychology and consider carefully before putting money.