Early this morning (February 6, 2025), the price of SJC gold bars was listed by Saigon Jewelry Company at 88.2-91.2 million VND/tael (buy - sell). The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC was at 3 million VND/tael.
Meanwhile, the price of SJC gold bars is listed by DOJI Group at 88.2-91.2 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI Group is 3 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI Group was listed at 88.2-91.2 million VND/tael (buy - sell); the difference between buying and selling prices at DOJI was 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 88.1-91.15 million VND/tael (buy - sell). The difference between buying and selling prices of gold rings at Bao Tin Minh Chau is 3.05 million VND/tael.
As of early this morning (February 7, 2025), the price of SJC gold bars was listed by Saigon Jewelry Company at VND 86.5-90 million/tael (buy - sell); down VND 1.7 million/tael for buying and down VND 1.2 million/tael for selling. The difference in buying and selling prices of SJC gold at Saigon Jewelry Company increased to VND 3.5 million/tael.
Meanwhile, the price of SJC gold bars listed by DOJI Group is at 86.5-90 million VND/tael (buy - sell); down 1.7 million VND/tael for buying and down 1.2 million VND/tael for selling. The difference between the buying and selling prices of SJC gold at DOJI Group also increased to 3.5 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 86.3-90 million VND/tael (buy - sell); down 1.9 million VND/tael for buying and down 1.2 million VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 86.5-89.95 million VND/tael (buy - sell), down 1.6 million VND/tael for buying and down 1.2 million VND/tael for selling compared to early this morning.
Combined with the huge difference, the decline in domestic gold prices caused investors to suffer heavy losses after one day of buying. If investors bought SJC gold in the session of February 6, 2025 at Saigon Jewelry Company SJC and DOJI Group and then sold it in today's session, they would incur a loss of up to 4.7 million VND/tael.
Similarly, if you buy round gold rings in the session of February 6, 2025 at DOJI Group and Bao Tin Minh Chau and then sell them in today's session, you will incur losses of 4.9 million and 4.65 million VND/tael, respectively.
Recently, domestic gold prices have fluctuated strongly. Notably, the difference between buying and selling prices has widened, reaching VND3.5 million/tael.
The large difference between buying and selling prices is creating huge risks for gold investors. When the difference is pushed up, the gold price must not only increase but must increase sharply to help investors escape losses.
In the context of gold prices being adjusted down, buying at a time when the difference is high causes investors to lose heavily. Just a slight market correction can cause investors to lose a significant amount.
In the context of strong price fluctuations, what worries investors is not only the price decrease but also the way gold businesses adjust the spread, increasing the risk when trading. To avoid risks, investors need to carefully observe the market and consider before buying, especially at times when the spread is pushed too high.
Below is the updated gold price on the websites of some businesses, recorded at 9:20 a.m. on February 7, 2025:
See more news related to gold prices HERE...
