Gold price drops another 1 million VND/tael

At 2:30 p.m., Saigon Jewelry Company listed gold rings of type 1-5 at only VND112.5 million/tael (buy) - VND115 million/tael (sell), down VND1 million/tael each afternoon compared to the same morning.

Gold price decreased by a total of 2 million VND/tael. Photo: HT

Phu Quy Group reduced the price of gold rings by another 500,000 VND/tael, down to 113.5 million VND/tael (buy) - 116.5 million VND/tael (sell).

Bao Tin Minh Chau Company Limited set the price of plain round gold rings at 115.5 million VND/tael (buy) - 118.5 million VND/tael (sell), 500,000 VND/tael lower than the opening price each way.

The price of gold bars also went down. Bao Tin Minh Chau Company Limited reduced the price by 1 million VND/tael (buying price) and 500,000 VND/tael (selling price), down to 118 million VND/tael (buying price) - 120.5 million VND/tael (selling price).

Some other businesses listed the price at 118 million VND/tael (buy) - 120 million VND/tael (sell), down 1 million VND/tael each way.

This morning, the price of SJC gold bars and gold rings both dropped by 1 million VND/tael. Thus, compared to the end of last week, the price of SJC gold bars “evaporated” by 2 million VND/tael; the price of gold rings decreased by 1.5-2 million VND/tael. The buying-selling price range of gold is 2-3 million VND/tael.

In the international market, at nearly 3:00 p.m., the gold price was trading at 3,213.9 USD/ounce, down sharply from 3,271 USD/ounce at 8:30 a.m. the same day.

The converted world gold price is about 17.8 million VND/tael lower than the domestic gold price.

Source: https://hanoimoi.vn/gia-vang-giam-tiep-1-trieu-dong-luong-701995.html