With 2 billion VND to buy 24K gold rings and SJC gold bars since the beginning of the year, how much profit?

On September 21, Saigon Jewelry Company (SJC) listed the price of 24K gold rings and jewelry of all kinds at 78.9 million VND/tael for buying and 80.2 million VND/tael for selling - an increase of 500,000 VND/tael compared to yesterday.

Phu Nhuan Jewelry Company (PNJ) traded plain gold rings produced by the company at 79.5 million VND/tael for buying and 80.55 million VND/tael for selling - an increase of 850,000 VND per tael compared to yesterday.

This is a very strong increase in the price of gold rings in recent days. In the last 2 weeks, each tael of gold rings has increased by nearly 2 million VND/tael, and compared to the beginning of the year, it has increased by 17.5 million VND.

Gold ring prices have increased about 26% since the beginning of the year.

In case an investor has 2 billion VND in idle capital, buys gold rings at the beginning of the year at 63 million VND/tael (more than 31.74 taels), now if sold at 79.5 million VND/tael, he will earn 2.52 billion VND. Thus, this investment has made a profit of 520 million VND, equivalent to a profit of 26% - quite attractive compared to other current investment channels.

Meanwhile, with the same amount of money, investors bought 27.39 taels of SJC gold bars at the price of 73 million VND/tael at the beginning of the year. Up to now, when selling at the price of 80 million VND/tael, investors only earned 2.19 billion VND. The profit rate in this case is only 9.5%.

Although gold prices have increased sharply, according to many economic experts, investors should not put all their money into gold, but should only buy about 20-30% of their total investment capital to limit risks.

In the domestic market, gold prices have increased sharply, but the difference between buying and selling prices remains high, from 1-2 million VND/tael, so it is not easy to "surf" in the short term.

Source: https://nld.com.vn/co-2-ti-dong-mua-vang-nhan-24k-tu-dau-nam-nha-dau-tu-lai-bao-nhieu-196240921103324161.htm