Gold prices increase sharply, buyers make a profit of 64.5 million VND/tael after 12 months

At DOJI Group, the price of SJC gold bars at the end of the session on November 19, 2024 was listed at 82 - 85 million VND/tael. After 12 months, the price increased to 149 - 151 million VND/tael, equivalent to an increase of 67 million VND for buying and 66 million VND for selling. With this difference, gold buyers in November 2024 are making a profit of about 64 million VND/tael.

SJC Company also recorded a similar increase. If the closing price of gold bars on November 19, 2024 was 82 - 85 million VND/tael, then by the same day in 2025, the enterprise listed 148 - 151 million VND/tael. Thus, the buying price increased by 66 million VND and the selling price also increased by 66 million VND. After comparing the buying and selling prices of the two times, gold buyers a year ago are making a profit of about 63 million VND/tael.

At Bao Tin Minh Chau, the price of gold bars has increased from 83 - 85 million VND/tael in 2024 to 149.5 - 151 million VND/tael in 2025. The corresponding increase is 66.5 million VND for buying and 66 million VND for selling. Gold buyers at Bao Tin Minh Chau from a year ago are currently making a profit of about 64.5 million VND/tael.

Not only gold bars, the 9999 gold ring group also recorded a strong increase over the past 12 months. For DOJI's Hung Thinh Vuong ring, the closing price of the session on November 19, 2024 was at 83.8 - 84.8 million VND/tael, by 2025, it had increased to 146.5 - 149.5 million VND/tael. Of which, the buying price increased to 62.7 million VND and the selling price increased to 64.7 million VND.

After converting to the current purchase price and the selling price in 2024, DOJI ring buyers are making a profit of about VND61.7 million/tael.

Bao Tin Minh Chau's 9999 tael also had a very strong increase. From 83.88 - 84.78 million VND/tael a year ago, the current price has increased to 148.3 - 151.3 million VND/tael.

Thus, the purchase price has increased by 64.42 million VND and the selling price has increased by 66.52 million VND. The profit of buyers in 2024 is estimated at 63.52 million VND/tael, the highest among the gold ring group.

Domestic gold prices increased sharply due to the influence of world gold prices. In the international market, this precious metal has increased sharply over the past year, from 2,638.6 USD/ounce to 4,114.1 USD/ounce, an increase of 1,475.5 USD/ounce, approximately 56%.

Although the profit level in the past 12 months is very high, people should not rush to buy gold because they are afraid of missing out on opportunities (FOMO), especially in the context of the difference between buying and selling prices at many businesses being maintained at a very large level, up to 2 - 3 million VND/tael. The high difference makes investors more likely to lose money if the market reverses.

In addition, the downward trend of world gold prices may cause the domestic market to decline further in the coming time. Therefore, people need to be cautious, closely monitor gold price developments and consider carefully before making an investment decision.