On July 22, information appeared on social networks that Bao Tin Minh Chau was purchasing gold products under the brands PNJ, DOJI and Phu Quy. This information originated from the price list posted on the official website of the enterprise.
According to images taken of the price list, Bao Tin Minh Chau listed the buying price of gold of three brands PNJ, DOJI and Phu Quy at 143 million VND/tael.
Notably, this price is higher than the buying price of Rong Thang Long gold of Bao Tin Minh Chau itself, listed at 141.2 million VND/tael.
For gold products of other brands, the price list shows a purchase price of 133 million VND/tael. The enterprise does not announce the specific selling price but provides "contact" information.
At the same time, Rong Thang Long jewelry gold was listed at a selling price of 146.4 million VND/tael.
However, in an exchange with Lao Dong reporters on July 23, Bao Tin Minh Chau media said that the enterprise had stopped purchasing gold products from other brands about 3 months ago.
Currently, businesses' stores no longer carry out this purchasing activity. The fact that gold purchase prices of some other brands still appear on the website is because the information has not been updated in time" - this person said.
According to records, from late evening on July 22, the content listing the purchase price of PNJ, DOJI and Phu Quy gold also no longer appeared on the online price list of businesses.
Information that Bao Tin Minh Chau is buying gold from other businesses has received attention in the context that the policy of repurchasing gold from some businesses is attracting special attention from consumers.
Gold price update
As of 9:30 am, SJC gold bar prices at Phu Quy and DOJI were both listed at 136-142 million VND/tael; Bao Tin Minh Chau listed 137.5-143 million VND/tael. Compared to the previous session, gold bar prices decreased from 4.5-8 million VND/tael, depending on the business and transaction direction. The buying - selling difference fluctuates from 5.5-6 million VND/tael.
The price of 9999 gold rings also decreased sharply. Phu Quy is listed at 136-141 million VND/tael, DOJI is at 137-142 million VND/tael, while Bao Tin Minh Chau is listed at 137.5-143 million VND/tael. The common decrease is from 4.5-7.5 million VND/tael, and the buying - selling difference is at 5-5.5 million VND/tael.
At the same time, world gold prices were listed around the threshold of 4,116.9 USD/ounce, down 6.5 USD/ounce compared to the previous day.
