Gold ring price increased to record breaking level
Over the past few months, the price of 9999 round smooth gold rings has often fluctuated in line with the world trend. However, in recent sessions, the price of gold rings has remained high despite the continuous fluctuations in world gold prices.
Today's session (October 16), although it is anchored at a record high, the price of gold rings continues to be adjusted up, breaking a new peak. Accordingly, early this morning, the price of 9999 Hung Thinh Vuong smooth round gold rings at DOJI was listed at 82.95-83.85 million VND/tael (buy - sell);
Meanwhile, Bao Tin Minh Chau listed the price of round smooth gold at 82.93-83.83 million VND/tael (buy - sell).
At 3:45 p.m., the price of plain gold rings was adjusted to increase sharply by units. The price of plain 9999 round gold rings at DOJI was listed at 83.15-84.15 million VND/tael (buy - sell), an increase of 200,000 VND/tael for buying and an increase of 300,000 VND/tael for selling.
Meanwhile, Bao Tin Minh Chau listed the price of plain round gold at 83.13-84.08 million VND/tael (buy - sell), an increase of 200,000 VND/tael for buying and an increase of 250,000 VND/tael for selling.
How much profit do you get from buying gold rings after 6 months?
6 months ago (session April 16, 2024), the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 75.55-77.45 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of gold rings at 75.56-77.26 million VND/tael (buy - sell).
After 6 months of buying, DOJI adjusted the gold price to increase by 7.6 million VND/tael for buying and 6.7 million VND/tael for selling. Bao Tin Minh Chau adjusted the price to increase by 7.57 million VND/tael for buying and 6.83 million VND/tael for selling.
Thus, the amount of interest investors receive after 6 months of buying plain gold rings at DOJI and Bao Tin Minh Chau is 5.7 million VND/tael and 5.87 million VND/tael, respectively.
Update world gold price
As of 3:48 p.m. (Vietnam time), the world gold price listed on Kitco was at 2,677.4 USD/ounce, an increase of about 295 USD/ounce.
