SJC gold bar prices have once again surpassed 125 million VND per tael.
On the morning of August 22nd, the price of SJC gold bars once again reached a record high, with businesses pushing it up to around 124.4 million VND/ounce for buying and 125.4 million VND/ounce for selling.
The spread between buying and selling prices has remained at 1 million VND/ounce, the same as at the beginning of the week, instead of fluctuating to 2-3 million VND/ounce as before.
Over the past month, the price of gold bars has increased by nearly 2 million VND per tael; since the beginning of the year, the increase has reached approximately 40 million VND, equivalent to 47%.
In the free market, the price of SJC gold bars is traded at a price about 600,000 VND/tael higher than that of large enterprises, with the buying price around 125.4 million VND and the selling price 126.2 million VND/tael. However, compared to yesterday, the free gold price decreased slightly by about 100,000 VND/tael.
SJC gold bar price maintains historical peak
The price of 99.99% gold rings and jewelry gold also continued to increase, currently trading at 117.5 million VND/tael for buying and 120 million VND/tael for selling, an increase of 200,000 VND/tael compared to yesterday. In just two days, gold rings have increased by a total of 600,000 VND/tael. Since the beginning of the year, this type of gold has increased by about 35 million VND, equivalent to 41%.
SJC gold bar prices buck global trend.
Domestic developments contrast with international trends. At 9:00 AM (Vietnam time), precious metals traded on the international market at $3,337 per ounce, down $5 per ounce from the previous session. Converted at the current exchange rate, world gold is equivalent to approximately 107 million VND per tael, 13 million VND lower than gold rings and over 18 million VND lower than SJC gold bars.
The large gap between domestic and international gold prices is raising many concerns. Some experts warn that buying SJC gold bars at this time is potentially risky, especially in case the State Bank intervenes to increase supply and narrow the price gap. In addition, the supply of SJC gold bars at large enterprises is currently quite limited, while buying through the free market is potentially at risk of encountering fake gold.
Source: https://nld.com.vn/gia-vang-mieng-sjc-cao-chot-vot-nen-mua-hay-ban-196250822085918131.htm
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