How many taels are in one gold bar?

In Vietnam, the quantity of gold is usually measured in taels and chỉ (units of weight). Among these, tael of gold is also known as lượng vàng (a unit of weight of gold). Additionally, for smaller quantities of gold, there is the unit phân vàng (a unit of weight of gold).

One gold bar or one tael of gold is equal to 10 taels of gold or 100 phân of gold. One tael of gold is equivalent to 10 phân of gold. One kilogram of gold is equal to 26.6 gold bars (26 gold bars and 6 taels of gold) or 266 taels of gold.

How much does one gold bar cost?

Gold prices are not fixed but constantly fluctuate according to supply and demand in the market, and are also influenced by global political and social factors. Currently, the price of SJC gold on the market hovers around 70 million VND per tael.

One gold bar is equivalent to 10 taels. (Illustrative image)

Therefore, the price of one tael of gold is approximately 7 million VND. The price of one bar of gold is equivalent to 70 million VND.

One kilogram of gold is worth approximately 1.867 billion VND. The price of 10 kilograms of gold is approximately 18.667 billion VND.

The prices listed above are for reference only. To know the exact buying/selling price, customers need to check the prices at the brand or gold shop where they intend to transact, as the listed prices may vary from place to place.

Things to consider before buying gold.

Before deciding to buy gold, consumers should pay attention to the following points to ensure they choose the right type of gold to suit their needs and the quality of the product.

Choose a reputable brand: Gold is a valuable asset, therefore there are many counterfeit and low-quality gold products on the market. To ensure authenticity, it's best to buy gold from reputable brands with complete product certification documents and good warranty policies.

Monitoring gold prices: Gold prices fluctuate constantly, so it's necessary to monitor them daily to determine the best times to buy and sell. This is especially important for those who want to buy gold for investment or savings.

Choosing the right type of gold : If you want to buy gold as an investment, you should choose 24K gold or 9999 gold. If you're buying gold jewelry, you should choose items made from yellow gold or white gold.

Check the product documentation : Gold sold comes with a quality certificate confirming the pure gold content. Therefore, when buying, ask the seller to provide all the necessary documents.

Lagerstroemia (compilation)

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