Yesterday morning (October 20), the price of SJC gold bars was listed by Saigon Jewelry Company SJC and DOJI Group at VND98.6-100.4 million/tael (buy in - sell out). At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at 98-99.5 million VND/tael (buy in - sell out).
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 99.2-100.8 million VND/tael (buy in - sell out). Bao Tin Minh Chau listed the price of gold rings at 98.35-100 million VND/tael (buy in - sell out).
At the end of this afternoon's trading session (March 21), many domestic businesses adjusted prices down sharply. The price of SJC gold bars was listed by Saigon Jewelry Company SJC and DOJI Group at VND94.7-97.7 million/tael (buy in - sell out). At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at VND95.1-97.7 million/tael (buy in - sell out).
At the same time, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed by DOJI Group at VND95.9-98.5 million/tael (buy in - sell out). Bao Tin Minh Chau listed the price of gold rings at 96.2-98.8 million VND/tael (buy in - sell out).
After just over a day, the price decrease between gold types, especially SJC gold bars and 9999 round gold rings, recorded a significant decrease in both buying and selling prices.
The price of SJC gold bars at Saigon Jewelry Company SJC and DOJI Group decreased sharply by 3.9 million VND/tael for buying and 2.7 million VND/tael for selling. For Bao Tin Minh Chau, this decrease was also recorded at 2.9 million VND/tael for buying and 1.8 million VND/tael for selling. Such a sharp decrease in prices has created a huge gap between buying and selling prices, directly affecting investors.
Hung Thinh Vuong 9999 round gold rings are also unlikely to avoid a price drop. The price of round gold rings at DOJI decreased by 3.3 million VND/tael for buying and 2.3 million VND/tael for selling. Bao Tin Minh Chau recorded a lower decrease, with 2.15 million VND/tael for buying and 1.2 million VND/tael for selling.
With changes in prices, the loss for these types of gold is huge. The loss of SJC gold bars at Saigon Jewelry Company SJC and DOJI Group is 5.7 million VND/tael, while the loss of SJC gold bars at Bao Tin Minh Chau is 4.4 million VND/tael. For 9999 round gold rings, the loss at DOJI is 4.9 million VND/tael, while at Bao Tin Minh Chau is 3.8 million VND/tael.
The domestic price decrease is partly affected by fluctuations in the international gold market, creating challenges for investors in making reasonable buying and selling decisions. Previous gold buyers may face significant losses.
