Gold prices increase rapidly, is buying gold rings more profitable than SJC gold bars?

    Khương Duy |

    The price of plain round gold rings has been increasing continuously and is almost catching up with SJC gold bars. If you had invested a month ago, gold ring investors would have made more profit than gold bars.

    How much profit do you make from buying SJC gold after a month?

    A month ago, the price of SJC gold bars was listed by DOJI Group at 79 - 81 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI Group was 2 million VND/tael.

    Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 79 - 81 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

    Dien bien gia vang SJC. Nguon: Cong ty CP Dich vu truc tuyen Rong Viet VDOS
    SJC gold price developments. Source: Rong Viet Online Service Joint Stock Company VDOS

    By today's session (September 27), the price of SJC gold bars adjusted up to 81.5 - 83.5 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.

    Meanwhile, 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.

    Thus, after one month, the buyer of SJC gold bars at DOJI Group earned a profit of 500,000 VND/tael; meanwhile, the profit when buying SJC gold bars at Bao Tin Minh Chau was also 500,000VND/tael.

    In recent trading sessions, the price of SJC gold bars has not adjusted according to the fluctuations of the world market. Investors also find it difficult to buy SJC gold bars at jewelry stores.

    Big profit after one month of buying gold rings

    Session 27.8, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 77.45-78.55 million VND/tael (buy - sell); increased 150,000 VND/tael for buying and increased 50,000 VND/tael for selling.

    Saigon Jewelry Company listed the price of gold rings at 77.3-78.65 million VND/tael (buy - sell); an increase of 100,000 VND/tael for buying and an increase of 150,000 VND/tael for selling.

    Dien bien gia vang nhan trong hon 2 thang gan day. Vang nhan dang ghi nhan giai doan tang gia chong mat. Bieu do: Tuan Anh
    Gold ring price developments over the past 2 months. Gold rings are recording a period of rapid price increase. Chart: Tuan Anh

    At 11:10 a.m. today, September 27, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.5-83.35 million VND/tael (buy - sell); Saigon Jewelry Company also adjusted the price of plain round gold rings to increase to 81.5 - 83.1 million VND/tael (buy - sell).

    Thus, after one month of paying, the buyer of plain round gold rings at DOJI will earn 3.95 million VND/tael. Meanwhile, the profit when buying plain round gold rings at Saigon Jewelry Company will be 2.85 million VND/tael.

    Currently, the price of 9999 round gold rings is quite close to the world market. The demand for investment in this item is increasing, however, some gold and gemstone stores are currently selling in small quantities. Therefore, buying 9999 round gold rings at this time is also quite difficult.

    Update world gold price

    As of 11:10 a.m. on September 27 (Vietnam time), the world gold price listed on Kitco was at 2,673 USD/ounce, an increase of 166 USD/ounce compared to a month ago.

    Khương Duy
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