Recorded at 15:30, the price of SJC gold bars was listed by DOJI Group and Bao Tin Minh Chau at 146-148 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 145.4-148 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.6 million VND/tael.
At the same time, DOJI Group listed the price of gold rings at 144.2-147.2 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 148.5-151.5 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 144.8-147.8 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Domestic gold prices have broken out strongly in parallel with the steady increase of the world market. Recorded at 15:34 on October 15, the international gold price reached 4,215.5 USD/ounce - a new record high.
According to experts, the wave of buying in the global market is driven by expectations of the FED cutting interest rates soon to support economic growth, thereby reducing the opportunity cost of holding gold. Escalating US-China trade tensions and risks of global financial instability continue to push demand for safe havens up sharply.
The weak USD and strong capital flows into gold ETFs further strengthen the upward trend of the precious metal. In the context of falling real interest rates and investors shifting away from risky assets, gold is becoming the top priority investment channel on an international scale.
Below is the gold price update on the websites of some domestic business units at 3:30 p.m. on October 15:
See more news related to gold prices HERE...
