Gold prices rise sharply after 24 months, buyers make a profit of over 80 million VND/tael

Khương Duy |

After 24 months, domestic gold prices increased sharply. Gold buyers from May 29, 2024 to now recorded large profits, especially in the gold ring group.

In the SJC gold bar market, on May 29, 2026, DOJI listed gold prices at 157-160 million VND/tael for buying - selling. Compared to the level of 88.9-90.5 million VND/tael on May 29, 2024, the SJC gold bar price at DOJI increased by 68.1 million VND/tael on the buying side and increased by 69.5 million VND/tael on the selling side.

If buying gold 24 months ago and selling it at the present time, buyers will make a profit of 66.5 million VND/tael.

At Saigon Jewelry Company - SJC, SJC gold bar prices are currently listed at 157-160 million VND/tael.

Compared to the level of 88.9-90.9 million VND/tael 24 months ago, gold prices increased by 68.1 million VND/tael on the buying side and increased by 69.1 million VND/tael on the selling side. SJC gold bar buyers at this unit after 24 months made a profit of about 66.1 million VND/tael.

At the same time, Bao Tin Minh Chau listed SJC gold bar prices at 157-160 million VND/tael. Compared to 88.95-90.50 million VND/tael on May 29, 2024, gold prices increased by 68.05 million VND/tael on the buying side and increased by 69.5 million VND/tael on the selling side. Gold buyers after 24 months made a profit of 66.5 million VND/tael.

Notably, the group of 9999 round gold rings recorded a stronger increase than SJC gold bars. At DOJI, the current gold ring price is at 157-160 million VND/tael, an increase of 81.5 million VND/tael on the buying side and an increase of 83.1 million VND/tael on the selling side compared to 75.50-76.90 million VND/tael in the previous 24 months. Gold ring buyers at DOJI made a profit of 80.1 million VND/tael.

Sau 24 tháng, giá vàng trong nước tăng mạnh, giúp người mua vàng nhẫn lãi hơn 80 triệu đồng/lượng.
After 24 months, domestic gold prices increased sharply, helping gold ring buyers make a big profit. Table: Minh Chuyen

At Saigon Jewelry Company - SJC, the current gold ring price is at 156.8-159.8 million VND/tael. Compared to 75-76.6 million VND/tael on May 29, 2024, the gold ring price increased by 81.8 million VND/tael on the buying side and increased by 83.2 million VND/tael on the selling side. Gold ring buyers after 24 months made a profit of 80.2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of gold rings at 157-160 million VND/tael. Compared to 75.48-76.88 million VND/tael 24 months ago, the price of gold rings increased by 81.52 million VND/tael on the buying side and increased by 83.12 million VND/tael on the selling side. Gold ring buyers made a profit of about 80.12 million VND/tael.

The strong increase in domestic gold prices in the past time was significantly affected by developments in the world market. After 24 months, world gold prices increased from the 2,356.5 USD/ounce range to around 4,505.1 USD/ounce, corresponding to an increase of 2,148.6 USD/ounce, about 91.2%.

In the context of a volatile global economy, prolonged geopolitical tensions and continuously changing interest rate expectations, world gold prices maintain an upward trend, thereby creating strong momentum for the domestic gold market.

However, investors should not chase after the fear of missing opportunities (FOMO) because of the large profit in the past. The current high buying-selling ratio makes buyers likely to suffer losses as soon as the price reverses.

In particular, if the decline in world gold prices continues, the domestic market may be under deep adjustment pressure, especially after a period of hot increase.

Giá vàng trong nước tăng mạnh dưới tác động của đà đi lên trên thị trường thế giới trong 24 tháng qua.
Domestic gold prices increased sharply under the impact of the upward momentum in the world market in the past 24 months. Graphics: Minh Chuyen
Khương Duy
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