A week ago (March 7, 2025), the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND91.4-93 million/tael (buy in - sell out). The difference between buying and selling is at 1.6 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 91.6-93.1 million VND/tael (buy in - sell out). The difference between buying and selling is at 1.5 million VND/tael.
As of 9:00 a.m. today (March 14, 2025), the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND94.8-96.1 million/tael (buy in - sell out). The difference between buying and selling is listed at 1.3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 93.4-95 million VND/tael (buy in - sell out). The difference between buying and selling is 1.6 million VND/tael.
Thus, after a week, the price of Hung Thinh Vuong 9999 round gold rings at DOJI recorded a strong increase. The purchase price increased by 3.4 million VND/tael, from 91.4 million VND/tael to 94.8 million VND/tael. The selling price also increased by 3.1 million VND/tael, from 93 million VND/tael to 96.1 million VND/tael. The gap between the buying and selling prices narrowed from 1.6 million VND/tael to 1.3 million VND/tael.
Meanwhile, at Bao Tin Minh Chau, the price of gold rings also increased. The purchase price increased by 1.8 million VND/tael, from 91.6 million VND/tael to 93.4 million VND/tael. The selling price increased by 1.9 million VND/tael, from 93.1 million VND/tael to 95 million VND/tael. The buy-sell gap increased slightly from 1.5 million VND/tael to 1.6 million VND/tael.
After a week, buyers of 9999 Hung Thinh Vuong round gold rings at DOJI can earn a profit of 1.8 million VND/tael. Similarly, at Bao Tin Minh Chau, the profit when investing in gold rings after a week reached 2.3 million VND/tael.
Although the price of 9999 round gold rings has increased sharply over the past week, the actual profit of investors is still modest. The main reason comes from the large gap between buying and selling prices.
At DOJI, although the buying price increased by 3.4 million VND/tael and the selling price increased by 3.1 million VND/tael, investors only made a profit of 1.8 million VND/tael if they bought a week ago and sold today.
A similar situation also occurred at Bao Tin Minh Chau when the price of gold rings increased sharply but the profit earned only reached 2.3 million VND/tael.
The high difference between buying and selling prices puts investors at risk of losses if the market has unexpected fluctuations. If gold prices reverse and decrease, investors will not only lose their expected profits but may also suffer heavy losses.
In particular, during the period of strong fluctuations in gold prices, the buying and selling range is often extended, making capital recovery even more difficult. This requires investors to closely monitor market developments, carefully consider the time of buying - selling to optimize profits and minimize risks.
See more news related to gold prices HERE...
