Huge profit of nearly 13 million/tael after half a year of buying gold rings

6 months ago, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 73.85-75.5 million VND/tael (buy - sell).

The price of plain round gold rings is listed by Bao Tin Minh Chau at 73.52-75.22 million VND/tael (buy - sell); Phu Nhuan Jewelry (PNJ) is listed at 73-74.7 million VND/tael (buy - sell).

Since then, the price of gold rings has continuously increased sharply. At 10:45 on October 25, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 88-89 million VND/tael (buy - sell). After 6 months, DOJI adjusted the price up to 14.15 million VND/tael for buying and 13.5 million VND/tael for selling.

At the same time, Bao Tin Minh Chau listed the price of gold rings at 87.88-88.98 million VND/tael (buy - sell); an increase of 14.36 million VND/tael for buying and 13.76 million VND/tael for selling compared to half a year ago.

PNJ listed at 87.6-88.9 million VND/tael (buy - sell); increased by 14.6 million VND/tael for buying and increased by 14.2 million VND/tael for selling compared to half a year ago.

However, the above increase is not the amount of profit that investors receive. To calculate the profit, you need to take the current purchase price minus the amount of money that the stores sold 6 months ago.

Thus, after half a year, the amount of interest investors earned when buying a quantity of plain gold rings at DOJI, Bao Tin Minh Chau and PNJ was 12.5 million, 12.66 million and 12.9 million VND/tael respectively.

In recent sessions, while SJC gold bars have been unpredictable, the price of plain gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.