SJC gold bar and gold ring prices "strange developments" compared to world gold prices

(NLDO) - Although the world gold price has recovered strongly, the domestic gold price only adjusted slightly to near the 121 million VND/tael mark this morning, April 29.

On the morning of April 29, the price of SJC gold bars was listed by SJC and PNJ companies at around 118.8 million VND/tael for buying and 120.8 million VND/tael for selling - an increase of 300,000 VND compared to yesterday. Compared to the peak - up to 124 million VND/tael, the price of SJC gold bars has decreased by more than 3 million VND.

Similarly, the price of 99.99 gold rings and jewelry gold of all kinds was listed by businesses at 114 million VND/tael for buying and 116.5 million VND/tael for selling - an increase of 500,000 VND/tael compared to yesterday.

Domestic gold prices increased more slowly than the recovery of world gold prices. In the international market, gold prices today, after plunging and falling deeply below the 3,300 USD/ounce mark, suddenly increased sharply again.

SJC gold bar price increases slower than the recovery of world gold price

At 9:30 a.m. this morning, Vietnam time, the world gold price was at 3,330 USD/ounce, up about 60 USD/ounce (equivalent to about 1.8 million VND/tael) compared to the lowest level in the previous session.

This is a fairly strong recovery of world gold prices in the context of US data showing a gloomy economic picture, businesses are starting to be affected by tariffs and global trade tensions.

US stocks plunged and the USD remained low, helping gold prices rise. Gold is still a safe haven chosen by many investors today.

Currently, the world gold price converted according to the listed exchange rate is about 105 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-va-vang-nhan-dien-bien-la-so-voi-gia-vang-the-gioi-196250429094320203.htm