At the end of February 17, the price of SJC gold bars and gold rings fluctuated strangely compared to world prices.

(NLĐO) - World gold prices rose in both the morning and afternoon sessions today, while the prices of SJC gold bars and gold rings remained unchanged.

At the end of February 17th, the price of SJC gold bars was listed by SJC, PNJ, and DOJI companies at 87.6 million VND/ounce for buying and 90.6 million VND/ounce for selling - stable compared to the morning after having increased by 300,000 VND/ounce compared to the end of yesterday.

Similarly, the price of 99.99% pure gold rings and jewelry remained unchanged, with businesses listing the buying price at 87.6 million VND/ounce and the selling price at 90.4 million VND/ounce.

The spread between buying and selling prices continues to be maintained at a high level by businesses, around 300,000 VND/ounce. With this difference, even if domestic gold prices fluctuate by millions of VND every day, investors will find it difficult to "speculate" on short-term price movements.

The price of both SJC gold bars and gold rings remained unchanged today.

Nearly two weeks ago, Mr. Khanh Hai (residing in Binh Thanh District, Ho Chi Minh City) said he sold 3 SJC gold bars at a buying price of approximately 88 million VND/ounce (selling price of 90 million VND/ounce) offered by businesses at the time. He anticipates that gold prices usually fall on the Day of the God of Wealth and that after this occasion, he will buy them back to "speculate".

"For almost two weeks now, the price of SJC gold bars has been fluctuating wildly, rising and falling in line with world prices. At times, the fluctuation range has reached 1-1.5 million VND/ounce, but the selling price has consistently exceeded 90 million VND/ounce, while the buying price from businesses is only around 87-88 million VND. I still can't buy gold bars again because if I do, I'll lose money compared to the price I sold them at previously," Mr. Hai worried.

Some gold experts believe that with the spread between the buying and selling prices of 99.99% pure gold bars and rings consistently maintained at 2-3 million VND/ounce, investors will not easily be able to profit from short-term trading.

Gold prices are becoming increasingly unpredictable. In today's international trading session, following a sharp drop at the end of the week, analysts predict that gold prices will continue to fall, possibly to the $2,800/ounce range after a period of rapid increase.

However, the price of gold continued to rise, at one point exceeding $2,900 per ounce. This evening, Vietnam time, the precious metal was trading at $2,899 per ounce, an increase of nearly ten dollars per ounce compared to this morning's session.

In total, gold prices have recovered more than $20/ounce compared to the plunge at the end of last week. Thus, the price of this precious metal continued to rise on February 17th in the international market, in contrast to the stability of domestic gold prices.

Currently, the world gold price converted according to the listed exchange rate is about 89.6 million VND/tael.

Source: https://nld.com.vn/cuoi-ngay-17-2-gia-vang-mieng-sjc-vang-nhan-bien-dong-la-so-voi-gia-the-gioi-196250217183451085.htm