Buying at the peak of gold prices, losing up to 4.7 million VND after 6 days

Phan Anh |

Domestic investors could lose up to VND4.7 million/tael when buying at the peak of gold prices in the trading session on March 20.

In the trading session on March 20, domestic gold prices increased simultaneously, breaking all records. The price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC and DOJI Group at 98.6-100.4 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 1.8 million VND/tael.

At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 99.2-100.8 million VND/tael (buy in - sell out). The difference between buying and selling is listed at 1.6 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 98.35-100 million VND/tael (buy in - sell out). The difference between buying and selling is 1.65 million VND/tael.

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

As of today (March 26), the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC and DOJI Group at VND95.9-97.9 million/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.

At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 96.1-98.7 million VND/tael (buy in - sell out). The difference between buying and selling is listed at 2.6 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 96.3-98.8 million VND/tael (buy in - sell out). The difference between buying and selling is 2.5 million VND/tael.

Dien bien gia vang nhan nhung phien giao dich gan day. Bieu do: Phan Anh
Gold ring price developments in recent trading sessions. Chart: Phan Anh

From March 20 to March 26, domestic gold prices have decreased sharply. The price of SJC gold bars of Saigon Jewelry Company Limited - SJC and DOJI Group has decreased by 2.7 million VND/tael for the buying price and 2.5 million VND/tael for the selling price.

For 9999 round gold rings, DOJI adjusted the decrease more strongly, with a decrease of up to 3.1 million VND/tael for the buying price and 2.1 million VND/tael for the selling price. Bao Tin Minh Chau is no exception to this downtrend, with a decrease of VND 2.05 million/tael for buying and VND 1.2 million/tael for selling.

Nha dau tu lo nang sau sau ngay mua vang. Bang: Phan Anh
Investors suffered heavy losses after six days of buying gold. Table: Phan Anh

After 6 trading days, the loss when buying SJC gold bars at Saigon Jewelry Company Limited - SJC and DOJI Group was up to 4.5 million VND/tael.

For 9999 round gold rings, buyers at DOJI recorded a loss of 4.7 million VND/tael, while round gold rings at Bao Tin Minh Chau recorded a loss of 3.7 million VND/tael.

See more news related to gold prices HERE...

Phan Anh
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