At the close of trading last week (October 13, 2024), DOJI Group listed the price of SJC gold at 82.5 - 84.5 million VND/tael (buy - sell). Meanwhile, Saigon SJC Jewelry Company listed the price of SJC gold at 82.5 - 84.5 VND/tael (buy - sell).
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.55 - 83.45 million VND/tael (buy - sell). Saigon Jewelry Company listed the price of gold rings at 81.6 - 83 million VND/tael (buy - sell).
By today's session (October 20), gold prices increased dramatically. DOJI Group listed the price of SJC gold at 84-86 million VND/tael (buy - sell). Compared to the closing price of last week's trading session, gold prices at DOJI increased by 1.5 million VND/tael for both buying and selling.
Saigon Jewelry Company SJC listed the price of SJC gold at 84-86 VND/tael (buy - sell). Compared to the closing price of last week's trading session, the gold price at Saigon Jewelry Company SJC increased by 1.5 million VND/tael for both buying and selling.
Meanwhile, the price of 9999 Hung Thinh Vuong round gold ring at DOJI today (October 20) is listed at 84.7-85.7 million VND/tael (buy - sell); an increase of 2.15 million VND/tael for buying and an increase of 2.25 million VND/tael for selling compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 84.68-85.68 million VND/tael (buy - sell); an increase of 2.16 million VND/tael for buying and 2.26 million VND/tael for selling compared to the closing price of last week's trading session.
Thus, after a week of buying, buyers of SJC gold bars at DOJI and Saigon Jewelry Company SJC both lost 500,000 VND/tael.
Buyers of plain gold rings at DOJI and Saigon Jewelry Company earned profits of VND1.25 million/tael and VND1.26 million/tael, respectively.
There is a big difference in the above profit level due to two reasons. First, the price of plain gold rings last week increased significantly compared to SJC gold bars. The second reason comes from the difference in buying and selling prices of these two items.
While SJC gold bars are listed by businesses at a difference of 2 million VND/tael, the difference for plain gold rings is only about 1 million VND/tael.
It is understandable that when buying SJC gold bars at DOJI on October 13, investors need to wait for the gold price to increase by over VND2 million/tael to make a profit. Meanwhile, when buying gold rings here, the price only needs to increase by over VND900,000/tael for investors to start making a profit.
In recent sessions, the price of SJC gold bars has been unpredictable. Meanwhile, the price of plain gold rings has followed closely the world market. In the context that many stores have stopped selling SJC gold bars, investors are rushing to buy plain gold rings.
However, according to Lao Dong reporters in Hanoi in many recent trading sessions, buying plain gold rings is also very difficult when stores sell them in small drops, at irregular hours.
