Updated at 2:55 PM on September 22, the price of SJC gold bars and 9999 plain gold rings at many major brands has decreased by millions of VND per tael compared to the trading session on June 22.
At Bao Tin Minh Chau, DOJI and Phu Quy, SJC gold bar prices currently fluctuate around 142.2 - 146.1 million VND/tael (buying - selling), while on June 22, the selling price was listed around 147.7 - 148 million VND/tael.
If buying gold at the time of June 22 and selling it at the current buying price, people are suffering a loss of about 5.4 - 5.8 million VND/tael.
SJC gold bar buyers lose nearly 6 million VND/tael
At Bao Tin Minh Chau, SJC gold bar prices on September 22 were listed at 142.3 - 146.1 million VND/tael. Compared to June 22, the buying price decreased from 144.2 million VND/tael to 142.3 million VND/tael, equivalent to a decrease of 1.9 million VND/tael.
Meanwhile, gold buyers on June 22 had to pay a selling price of 147.7 million VND/tael. If resold at the present time, buyers would only receive 142.3 million VND/tael, equivalent to a loss of about 5.4 million VND/tael.
At DOJI, SJC gold bars are currently traded at 142.5 - 145.5 million VND/tael. Compared to the price of 145 - 148 million VND/tael on June 22, the buying price decreased by 2.5 million VND/tael.
People who bought SJC gold bars at DOJI 3 months ago are currently suffering a loss of about 5.5 million VND/tael.
Similarly, in Phu Quy, the price of SJC gold bars decreased from 145 - 148 million VND/tael to 142.2 - 145.5 million VND/tael. Gold buyers at the time of June 22nd, if sold now, will suffer a loss of about 5.8 million VND/tael.
9999 plain gold rings decrease, buyers lose up to 6 million VND/tael
Not only SJC gold bars, buyers of 9999 plain gold rings are also suffering significant losses after 3 months.
At Bao Tin Minh Chau, the price of 9999 plain gold rings is currently at 142.3 - 146.3 million VND/tael, down from 144.2 - 147.7 million VND/tael on June 22.
Gold ring buyers at this time, if sold now, will suffer a loss of about 5.4 million VND/tael.
At DOJI, the 9999 Hung Thinh Vuong round ring is listed at 142 - 146 million VND/tael. Compared to the selling price of 148 million VND/tael 3 months ago, buyers currently suffer a loss of about 6 million VND/tael.
Meanwhile, Phu Quy 999.9 plain gold rings decreased from 1447 - 147.7 million VND/tael to 142.2 - 145.2 million VND/tael. Gold ring buyers in Phu Quy are currently losing about 5.5 million VND/tael.
Buy-sell difference puts buyers under more pressure
Besides the decrease in gold prices, the gap between buying and selling prices also directly affects the losses of buyers.
Currently, the buying - selling price difference of SJC gold bars at Bao Tin Minh Chau is about 3.8 million VND/tael; DOJI and Phu Quy are about 3.3 million VND/tael.
For 9999 plain gold rings, the buying - selling difference at Bao Tin Minh Chau and DOJI is about 4 million VND/tael, while at Phu Quy it is about 3 million VND/tael.
The article only updates the developments of the gold market and factors affecting the price of precious metals, not investment recommendations.
