Gold ring price increases shockingly again, about to reach 88 million/tael

At 6:00 a.m. this morning (October 22), the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 86 - 87 million VND/tael (buy - sell); an increase of 1.3 million VND/tael for both buying and selling compared to the beginning of the trading session on October 21.

At the same time, Bao Tin Minh Chau listed the price of gold rings at 85.98 - 86.98 million VND/tael (buy - sell); an increase of 1.3 million VND/tael for both buying and selling compared to the beginning of the trading session on October 21.

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At 9:00 a.m. on October 22, the price of Hung Thinh Vuong 9999 round gold rings at DOJI increased to 86.1-87.1 million VND/tael (buy - sell). Bao Tin Minh Chau also adjusted the price of smooth round gold to 86.08-87.08 million VND/tael (buy - sell).

It is worth noting that the price of gold rings continued to increase strongly during the day. At the end of the session on October 22, the price of 9999 Hung Thinh Vuong round gold rings at DOJI increased to a new record of 86.6-87.6 million VND/tael (buy - sell).

Similarly, Bao Tin Minh Chau also sharply increased the price of round smooth gold to 86.28-87.78 million VND/tael (buy - sell).

This is the highest price ever for gold rings. In recent sessions, while SJC gold bars have been unpredictable, the price of plain gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.

Gold prices are currently seeing a fairly positive short-term outlook from experts. Sixteen analysts participated in the Kitco News gold survey. Notably, 15 of the 16 experts believe that gold prices will rise higher this week. Only one investor is neutral on the short-term outlook for gold. No one predicts that the precious metal will fall in the short term.