Half a year ago, the price of gold rings was less than 70 million VND/tael. Now, this item is about to exceed 83 million VND/tael.
In the trading session on March 26, the price of plain round gold rings was listed by Bao Tin Minh Chau at 68.62-69.82 million VND/tael (buy in - sell out). Meanwhile, Saigon Jewelry listed the price of SJC 999 gold rings at 68-69.25 million VND/tael (buy in - sell out).
At the same time, Phu Nhuan Jewelry (PNJ) listed 9999 plain rings at 68-69.2 million VND/tael (buy - sell).
However, in the early morning of September 26, Bao Tin Minh Chau adjusted the price of plain round gold rings to increase to 81.83-82.93 million VND/tael (buy in - sell out). Saigon Jewelry listed the price of SJC 9999 gold rings at 80.8-82.3 million VND/tael for buy in - sell out.
At the same time, Phu Nhuan Jewelry (PNJ) listed 9999 plain rings at 81.9-82.95 million VND/tael (buy - sell).
Thus, after only half a year, Bao Tin Minh Chau adjusted the purchase price up by 13.21 million VND/tael and increased the sale price by 13.11 million VND/tael; Saigon Jewelry adjusted the purchase price up by 12.8 million VND/tael and increased the sale price by 13.05 million VND/tael;
PNJ adjusted the buying price up by 13.9 million VND/tael and the selling price up by 13.75 million VND/tael for each tael of 9999 smooth round gold ring.
Subtracting the difference between buying and selling prices set by the stores at the time of purchase, the amount of profit investors make when buying each tael of gold at Bao Tin Minh Chau, Saigon Jewelry and PNJ is VND12.01 million/tael; VND11.55 million/tael and VND12.7 million/tael, respectively.
In recent sessions, the price of SJC gold has fluctuated erratically and is difficult to predict. However, the price of plain round gold rings often fluctuates in the same direction as the world market. Therefore, investors can refer to the world market and experts' opinions before making investment decisions.
Update SJC gold price
Early this morning, the price of SJC gold bars was listed by DOJI Group at 81.5 - 83.5 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI Group is 2 million VND/tael.
Bao Tin Minh Chau listed the price of SJC gold at 81.5 - 83.5 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon SJC Jewelry Company is at 2 million VND/tael.
Update world gold price
As of 1:20 a.m. on September 26 (Vietnam time), the world gold price listed on Kitco was at $2,659.4/ounce. Despite a slight downward trend, world gold is still trading around its all-time high.
