Over the past week, domestic gold prices have witnessed strong fluctuations. The precious metal has continuously reached new peaks, surpassing many of the highest records ever. However, in the weekend sessions, gold prices fell rapidly, causing the gap between buying and selling prices to increase.
Although the precious metal has continuously reached new peaks, surpassing many of the highest prices of all time, investors buying and selling on the weekends face significant losses. This is an unusual occurrence in the gold market that many investors may not have anticipated.
At the end of the trading session of the week, DOJI Group and Saigon Jewelry Company SJC listed the price of SJC gold at VND94.4-97.4 million/tael (buy in - sell out).
Compared to the closing price of last week's trading session (March 16, 2025), the price of SJC gold bars was increased by VND100,000/tael for buying and VND1.6 million/tael for selling. The difference between the buying and selling prices of SJC gold at DOJI Group increased from 1.5 million to 3 million VND/tael.
If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of March 16 and selling it in today's session (March 23), gold buyers at DOJI Group and Saigon Jewelry Company SJC will both lose 1.4 million VND/tael.
Regarding gold rings, the price of Hung Thinh Vuong 9999 round gold rings at DOJI is currently listed at VND95.6-98.2 million/tael (buy - sell); an increase of VND700,000/tael for buying and an increase of VND1.9 million/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 2.6 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 96.1-98.6 million VND/tael (buy - sell); an increase of 1.1 million VND/tael for both buying and an increase of 2 million VND/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 2.5 million VND/tael.
If buying gold rings in the session of March 16 and selling in today's session (March 23), buyers at DOJI will lose 700,000 VND/tael, while buyers at Bao Tin Minh Chau will lose 500,000 VND/tael.
One of the main reasons for investors' losses despite the sharp increase in gold prices is the high difference between the buying and selling prices. According to information from systems such as DOJI Group and Saigon Jewelry Company SJC, the difference in SJC gold price reached 3 million VND/tael last weekend, double that of last week. This makes it impossible for investors to fully take advantage of the profits from gold's price increase.
The buying-selling gap has been pushed up partly due to strong fluctuations in gold prices in the short term. As gold prices increase rapidly, gold businesses must adjust the difference to protect profits and minimize risks. Strong price fluctuations have forced gold suppliers to increase the buy-sell gap to offset the risk when gold prices may suddenly decrease. This creates a significant cost for investors, making it impossible for them to benefit the most from the growth of gold prices.
In addition, market sentiment is also an important factor. Investors often tend to buy gold when prices are high, hoping to make a profit from continued growth. However, with a high difference and a sudden decrease in price at the end of the week, many gold buyers in previous trading sessions faced losses when selling.
Talking to PV of Lao Dong Newspaper, Dr. Nguyen Tri Hieu - an economic expert commented that the ideal difference is around 300,000 VND/tael. When the difference reached 300,000 to 500,000 VND/tael, gold traders began to make high profits. However, if the difference increases by more than 1 million VND/tael, the risk of losses will fall on gold buyers, especially when the gold price is adjusted down.
"Gold buyers are taking on a very high risk when the buy-sell gap is too large. Gold traders are only willing to buy at low prices but sell at high prices to ensure profits. In case the gold price is adjusted, gold buyers may suffer heavy losses" - Mr. Hieu emphasized.
