The price of SJC gold bars and gold rings increased sharply again on the morning of December 12.

(NLDO) – The price of SJC gold bars and gold rings suddenly increased sharply again following the world's leap, gold bars reached the highest level in the past month.

On the morning of December 12, SJC Company listed the buying price of SJC gold bars at VND84.8 million/tael and the selling price at VND87.3 million/tael, an increase of VND400,000/tael compared to yesterday. In just the past 2 days, the price of gold bars has skyrocketed to nearly VND2 million/tael.

This is also the gold bar trading price at PNJ and DOJI companies. Meanwhile, banks such as ACB, Eximbank, and Sacombank raised the highest gold bar buying price to about VND85.5 million/tael and sold at VND87.3 million/tael.

Meanwhile, Mi Hong Company traded gold bars at a lower price, buying at 84.9 million VND/tael and selling at 86.2 million VND/tael.

SJC gold bar price reaches highest level in over 1 month

Not only gold bars, but also gold rings and jewelry prices of all kinds have increased. SJC Company traded 99.99 gold rings at 84.5 million VND/tael for purchase and 85.9 million VND/tael for sale, an increase of 100,000 VND/tael compared to yesterday. PNJ and DOJI companies raised the buying price of gold rings to 84.8 million VND/tael while the selling price was the same as SJC Company.

Domestic gold prices increased sharply when the world price surpassed the 2,700 USD/ounce mark. At 9:30 am Vietnam time, the international gold price today was at 2,705 USD/ounce. During the session, there was a time when the precious metal on the international market reached 2,720 USD/ounce, the highest level in more than a month.

World gold prices rose sharply after the important US inflation report, when the consumer price index (CPI) in November increased by 2.7% compared to the same period last year, in line with market expectations. This may make investors believe that the Federal Reserve (FED) will continue its interest rate cut path at the monetary policy meeting taking place next week. When interest rates decrease, gold prices will benefit.

Currently, the world gold price converted according to the listed exchange rate is about 83 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-lai-tang-manh-trong-sang-12-12-196241212093953072.htm