At 9:00 a.m. this morning (March 12), DOJI Group listed the price of SJC gold bars at VND91.6-93.3 million/tael (buy - sell), an increase of VND1 million/tael for buying and an increase of VND700,000/tael for selling compared to the morning of March 11. The difference between buying and selling prices is at 1.7 million VND/tael.
At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at VND91.6-93.3 million/tael (buy - sell), an increase of VND1 million/tael for buying and an increase of VND700,000/tael for selling compared to the morning of March 11. The difference between buying and selling prices is at 1.7 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at VND91.6-93.3 million/tael (buy - sell), an increase of VND1 million/tael for buying and an increase of VND700,000/tael for selling compared to the morning of March 11. The difference between buying and selling prices is at 1.7 million VND/tael.
Recorded at 10:25 p.m. the same day, businesses continued to adjust gold bar prices upward. DOJI Group and Saigon Jewelry Company Limited - SJC listed at VND91.8-93.5 million/tael (buy - sell), an increase of VND200,000/tael for both buying and selling compared to the morning. The difference between buying and selling prices is at 1.7 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 92-93.5 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and an increase of 200,000 VND/tael for selling. The difference between buying and selling prices is at 1.5 million VND/tael.
The high difference between buying and selling prices makes gold surfing risky. When the gap between the two prices reaches 1.5-1.7 million VND/tael, investors need gold prices to increase accordingly just to break even, not to mention profits
In the context of a rapidly fluctuating market, if gold prices do not increase as strongly as expected or turn down, buyers may have to sell at a loss as soon as they trade. Therefore, Jungle investors need to be especially cautious, carefully considering the range of gold price fluctuations and the difference to avoid falling into a situation of heavy losses.
Below are details of gold prices of businesses listed on the website at 11:25 on December 12:
See more news related to gold prices HERE...
