SJC gold bar price increases sharply
At DOJI Group, the price of SJC gold bars at the end of the week reached VND94.3-95.8 million/tael (buy in - sell out). Compared to the previous trading session (9.3), gold prices increased by 3.4 million VND/tael for buying and increased by 2.9 million VND/tael for selling. The difference between buying and selling prices remains at 1.5 million VND/tael.
At the same price and fluctuations, Saigon Jewelry Company SJC also listed the price of SJC gold at 94.3-95.8 million VND/tael, the buy-sell difference reached 1.5 million VND/tael.
Investors who bought SJC gold in the session of March 9 and sold it today (March 16) received a profit of VND1.4 million/tael.
9999 gold ring price breaks out
At DOJI, the price of 9999 Hung Thinh Vuong round gold rings is at 94.9-96.3 million VND/tael, an increase of 3.3 million VND/tael for buying and an increase of 3.1 million VND/tael for selling. The difference between buying and selling is at 1.4 million VND/tael.
At Bao Tin Minh Chau, the listed price of gold rings is 95-96.6 million VND/tael, an increase of 3.3 million VND/tael in both directions compared to last week. The difference between buying and selling prices is 1.6 million VND/tael.
With the above increase, those who bought DOJI gold rings or Bao Tin Minh Chau in the session 9.3 and sold today earned a profit of 1.7 million VND/tael.
Why is the interest rate much lower than the price increase?
Although gold prices have increased sharply, real investors' interest rates are still limited due to the high buy-sell gap. When buying gold, investors immediately pay a difference of 1.4-1.2 million VND/tael, which means having to pay a significant expense before they can make a profit.
For example, if an investor buys gold rings at Bao Tin Minh Chau for 95 million VND/tael, as soon as they want to resell, they can only sell for 93.4 million VND/tael, suffering a immediate loss of 1.6 million VND/tael. Although the gold price later increased to VND96.6 million/tael, investors still only earned a profit of VND1.7 million/tael, instead of fully enjoying the increase of VND3.3 million/tael.
These large differences cause real profits of investors to decline, especially for those who intend to short-term surfing. Therefore, gold buyers need to carefully consider the difference between buying and selling before investing to avoid significantly reducing profits.
Below is a detailed update on gold prices of brands at 1:00 p.m. on March 16, 2025, readers can refer to:
See more news related to gold prices HERE...
