On the morning of August 21st, the price of SJC gold bars was simultaneously listed by SJC, PNJ, and DOJI gold companies at 124.4 million VND/ounce for buying and 125.4 million VND/ounce for selling, an increase of 600,000 VND per ounce compared to yesterday.
SJC gold bar prices exceed 126 million VND/ounce.
After a day of decline, the price of SJC gold bars quickly surged back up and reached a new peak.
Notably, businesses continue to maintain a buy-sell price spread of only 1 million VND, significantly lower than the 2-3 million VND/ounce spread in the previous period. This development reflects businesses accepting lower profit margins to encourage customers to resell their gold.
On the free market, the price of SJC gold bars was also pushed above 126 million VND/ounce by some small shops, trading around 125.4 million VND/ounce for buying and 126.3 million VND/ounce for selling, an increase of 600,000 VND/ounce compared to yesterday and nearly 1 million VND higher than the price of SJC gold bars at gold companies.
SJC gold bar prices continue to reach new highs.
Gold shops have also narrowed the buy-sell price spread to just 900,000 VND.
For 99.99% pure gold rings and jewelry, businesses are trading around 117.3 million VND/ounce for buying and 119.8 million VND/ounce for selling, an increase of 400,000 VND/ounce compared to yesterday, a slower increase than that of gold bars.
SJC gold bar prices are separate from world prices.
Domestic gold prices continue to rise, surpassing previous peaks in line with the recovery of global prices. However, the faster rate of increase in domestic gold prices is causing the price difference to widen further.
On the international market, gold is trading at $3,342 per ounce today, an increase of approximately $30 per ounce compared to yesterday. The upward trend in gold prices is being driven by the sell-off in the US stock market, prompting investors to seek safe-haven assets like gold. The weakening US dollar is also supporting the rise in gold prices.
Currently, the world gold price, converted according to the listed exchange rate, is approximately 107 million VND/ounce, which is nearly 13 million VND lower than gold rings and more than 18 million VND lower than SJC gold bars.
Source: https://nld.com.vn/gia-vang-mieng-sjc-lai-gay-soc-19625082109291974.htm
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