Comparing data on June 4 and December 4 shows that gold buyers 6 months ago are enjoying a huge profit, up to 33-36 million VND per quantity depending on the brand.
At SJC Company, the price of gold bars increased from 114.9 - 117.2 million VND/tael (buy - sell) on June 4 to 151.8 - 153.8 million VND/tael on December 4 (buy price increased by 36.9 million VND and selling price increased by 36.6 million VND).
At the current price, gold buyers 6 months ago are making a profit of 34.6 million VND/tael.
Similar developments also appeared at DOJI when gold bars increased from 114.9 - 117.2 million VND/tael to 151.8 - 153.8 million VND/tael, bringing a profit of the equivalent of 34.6 million VND/tael to the holders.
Bao Tin Minh Chau (BTMC) recorded an even stronger increase in the buying direction when the price from 114.9 - 117.2 million VND/tael advanced to 152.3 - 153.8 million VND/tael, bringing the buying increase to 37.4 million VND and the profit of buyers to 35.1 million VND/tael.
Phu Quy Group also adjusted the price from 114.4 - 117.2 million VND/tael to 150.8 - 153.8 million VND/tael. At this level, the previous buyer had a profit of 33.6 million VND/tael.
Not only gold bars, 9999 gold rings also increased sharply. At DOJI, Hung Thinh Vuong gold rings increased from 112 - 114 million VND/tael on June 4 to 150 - 153 million VND/tael on December 4, equivalent to an increase of 38 to 39 million VND per tael and brought a profit of 36 million VND/tael to buyers.
BTMC also recorded the price of gold rings from 113.2 - 116.2 million VND/tael increased to 150 - 153 million VND/tael, bringing a profit difference of 33.8 million VND/tael.
In Phu Quy, gold rings increased from 111.2 - 114.2 million VND/tael to 150 - 153 million VND/tael, bringing the buyer's profit to 35.8 million VND/tael.
In the international market, world gold prices also recorded a strong increase from 3,369.1 USD/ounce to 4,190.2 USD/ounce, equivalent to an increase of 821.1 USD/ounce.
Although gold buyers 6 months ago are enjoying a large profit, people should not rush into the market because they are afraid of missing out on opportunities (FOMO). Currently, the difference between buying and selling remains at a high level of 2 to 3 million VND/tael, causing a great risk of loss if prices reverse to adjust.
In addition, the recent signs of global gold prices are showing signs of cooling down, which could lead to a further adjustment in the domestic gold market.
In the context of domestic gold prices having risen too high compared to the international platform, people need to be cautious, avoid chasing at the peak to limit the risk of losses when the market reverses.
See more news related to gold prices HERE...
