SJC gold bar price exceeds 144 million VND/tael, highest ever

Gold prices have increased continuously over the past 8 weeks - Photo: THANH HIEP

Gold prices keep increasing, why?

World gold price today increased to 4,075.7 USD/ounce, up 57.3 USD/ounce compared to last weekend.

Converted according to the listed exchange rate at the bank, the world gold price is equivalent to 129.6 million VND/tael.

Today, SJC gold bar price increased to 1.3 million VND/tael, selling price up to 144.1 million VND/tael, buying price at 142.1 million VND/tael.

Thus, the price of SJC gold bars has increased by 9.1 million VND/tael in less than half a month.

The selling price of 9999 gold rings at SJC Company today also increased by 1.7 million VND/tael, to 141.2 million VND/tael, buying at 138.5 million VND/tael.

Compared to the converted world gold price, the price of SJC gold bars is 14.5 million VND/tael higher, and the price of gold rings is 11.6 million VND/tael higher.

World gold prices have increased sharply since last weekend after US President Donald Trump warned of new tariffs on China and the SPDR Gold Trust fund bought a lot of gold.

Thus, the world gold price has increased for 8 consecutive weeks and shows no sign of stopping despite some warnings that the gold price will have to be adjusted.

However, many opinions say that the gold price increase is still strong and will form a new price peak.

According to data from the World Gold Council (WGC), demand for gold investment through ETFs increased by a record 221.7 tons, equivalent to an increase of nearly 26 billion USD in the third quarter of this year.

Silver prices also skyrocketed.

Along with the increase in gold prices, domestic silver prices also increased sharply.

This afternoon, the selling price of silver at SBJ Company increased to 2.037 million VND/tael - also the highest level ever. The buying price listed by the companies is 1.992 million VND/tael.

Meanwhile, at Phu Quy Company, the selling price of silver is 2.032 million VND/tael, the buying price is 1.971 million VND/tael.

This is also a record price ever. If calculated from the beginning of 2025 until now, the silver price has more than doubled, from 950,000 VND/tael to 2,037 million VND/tael.

Silver prices have increased faster than gold prices, causing the demand for silver investments to increase rapidly in recent times. Currently, many silver brands cannot produce enough to supply the market, some places are waiting 3-6 months to deliver the goods.

On the blue-ticked fanpage of Phu Quy Group, a notice was posted that from October 10, new orders for silver bars and silver ingots will be temporarily suspended until further notice.

Currently, Phu Quy is focusing all production resources to ensure on-time delivery for placed orders.

In addition, SBJ brand has a discount policy of 12,000 - 30,000 VND per tael of silver when customers receive the goods after 3-6 months.

Tuoitre.vn

Source: https://tuoitre.vn/gia-vang-mieng-sjc-vuot-144-trieu-dong-luong-cao-nhat-tu-truoc-den-nay-20251013152549949.htm