SJC gold bar price reaches historic high

On the afternoon of April 26, the price of SJC gold bars exceeded 85 million VND/tael, also the highest level in history.

Illustration photo.

Compared to the end of yesterday, the price of SJC gold bars increased by 800,000 VND/tael.

At 3:00 p.m. this afternoon, the world gold price was at 2,344.8 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 71.96 million VND/tael.

Compared to yesterday afternoon, the world gold price only increased by about 28 USD/ounce, equivalent to 860,000 VND/tael. The current world gold price is also 55 USD/ounce lower than the peak set on April 12, but the price of SJC gold bars has reached a new record.

This afternoon, SJC Company listed the selling price of gold bars at 85.1 million VND/tael, buying price at 82.9 million VND/tael.

Gold shops listed the price at 84.4 million VND/tael, buying at 83.2 million VND/tael.

Compared to the converted world gold price, the price of SJC gold bars is 13.14 million VND/tael higher.

Meanwhile, at the end of last week, before the State Bank auctioned gold, the difference was 10.53 million VND/tael.

Thus, after the auction, the difference between the price of SJC gold bars and the converted world gold price did not decrease but increased.

The selling price of 9999 gold rings this afternoon at SJC Company is 75.3 million VND/tael, buying price is 73.6 million VND/tael.

At DOJI Company, the selling price of 9999 gold rings is 76.4 million VND/tael, buying price is 74.75 million VND/tael.

At Bao Tin Minh Chau Company, the selling price of 9999 gold rings is 76.08 million VND/tael, buying price is 74.48 million VND/tael.

Compared to the converted world gold price, the price of gold rings is 3.34 - 4.44 million VND/tael higher.

Mr. Nguyen Ngoc Trong, director of New Partner Gold Company (NPJ), said that the price of SJC gold bars was pushed up due to the resonance of many factors: low supply, before the holiday season and scarce supply of plain rings because of the peak inspection period, so units did not dare to buy gold floating on the market to make plain rings like before.

The scarcity of plain rings is also one of the factors pushing up the price of SJC gold bars.

In addition, the increase in gold bar supply to the market has not been as expected, because after 3 gold auctions, 2 were canceled due to too few participants. In the auction on April 23, only 2 units won the bid with a total volume of 3,400 taels of gold.

According to Tuoitre.vn

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