In the trading session yesterday morning (March 17, 2025), the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND95.2-96.6 million/tael (buy in - sell out). The difference between buying and selling is listed at 1.4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 95.2-96.8 million VND/tael (buy in - sell out). The difference between buying and selling is 1.6 million VND/tael.
As of this morning, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND95.9-97.4 million/tael (buy - sell), an increase of VND700,000/tael for buying and an increase of VND800,000/tael for selling. The difference between buying and selling is listed at 1.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 95.9-97.5 million VND/tael (buy - sell); increased by 700,000 VND/tael for both buying and selling. The difference between buying and selling is 1.6 million VND/tael.
Talking to PV of Lao Dong Newspaper, Dr. Nguyen Tri Hieu - economic expert said that it is likely that the price of gold rings will reach 100 million VND/tael in the coming time: "In Vietnam, the price of gold rings has exceeded the price of gold bars. According to my assessment, the probability of gold ring price reaching 100 million VND/tael is about 60%" - Mr. Hieu shared.
Mr. Hieu commented that in recent trading sessions, domestic gold prices have often fluctuated in the same direction as the world gold market. Factors such as the interest rate policy of the US Federal Reserve (FED), fluctuations in the USD and gold demand of major countries all affect gold prices.
Although the price of gold rings has increased sharply, investors need to be cautious if they want to invest in short-term surfing. One of the factors to consider is the difference between buying and selling.
The difference between buying and selling gold rings is currently quite high, ranging from 1.4 million VND/tael to 1.6 million VND/tael at listed units such as DOJI and Bao Tin Minh Chau. This is an important factor that investors need to consider when deciding to participate in the domestic gold market, especially for short-term transactions.
The high difference between buying and selling can greatly affect the profits of investors, especially those participating in surfing.
If investors buy gold rings and resell them immediately, they will have to pay a significant transaction fee right from the time of making the transaction. This means that investors not only have to wait for gold prices to increase but also have to overcome this difference to be able to make a profit.
For short-term transactions, this difference can significantly reduce profitability, even losses, especially when the price increase range is not large enough.
This difference also reflects the transaction costs that investors have to pay for each time they buy and sell gold. If investors plan to trade multiple times in a short period of time, this cost can erode the profit from investing in gold rings.
In addition, the difference between buying and selling is also affected by factors such as fluctuations in world gold prices, domestic gold supply and demand and management policies of gold and gemstone companies.
World gold prices are currently at an all-time high, which increases the possibility of gold turning around in the near future. With the possible profit-taking trend, investors need to evaluate carefully and be careful in making investment decisions at this time.
With the above factors, gold investors should be cautious and make appropriate decisions when participating in gold ring trading, especially in the context of the domestic gold market having strong fluctuations.
