Gold prices increase sharply, why don't investors make big profits

Phan Anh |

At the end of the trading session of the week, the price of SJC gold bars increased sharply. However, the actual interest rate that investors receive is much lower than the increase.

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.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold bar price movements in recent sessions. Chart: Phan Anh

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.

Dien bien gia vang nhan thoi gian gan day. Bieu do: Khuong Duy
Recent developments in gold ring prices. Chart: Khuong Duy

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.

Bang so sanh loi nhuan khi dau tu vang
Comparison table of profits when investing in gold. Table: Phan Anh

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:

Anh chup man hinh website Bao Tin Minh Chau.
Screenshot of Bao Tin Minh Chau website.
Anh chup man hinh website Cong ty VBDQ Sai Gon SJC.
Screenshot of Saigon Jewelry Company SJC website.
Anh chup man hinh website DOJI.
Screenshot of DOJI website.
Anh chup man hinh website PNJ.
Screenshot of PNJ website.
Anh chup man hinh website Phu Quy.
Screenshot of Phu Quy's website.

See more news related to gold prices HERE...

Phan Anh
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