This morning, May 16, Saigon Jewelry Company (SJC) listed the price of gold bars at 118.5 million VND/tael (buy) and 120.8 million VND/tael (sell), up 3 million VND and 2.6 million VND respectively compared to the closing price of the previous session.
This increase helped the price of gold bars recover significantly after weakening in early May. However, compared to the historical peak set on April 23, the price of gold bars is still about 3 million VND per tael lower.
Along with SJC, other large gold trading enterprises such as Phu Nhuan Jewelry Joint Stock Company (PNJ), Phu Quy Group, Mi Hong, DOJI Group, Bao Tin Minh Chau, Bao Tin Manh Hai... also quickly adjusted their listed prices to follow the general market trend.
The current buying price of SJC gold bars at these businesses is commonly at 119 million VND/tael, while the selling price fluctuates close to 121 million VND.
Not only gold bars, the price of 99.99 gold rings of 1-5 chi also recorded a sharp increase this morning.
SJC currently lists ring gold at 112.5 - 115.5 million VND/tael, up 2 million VND compared to the previous session. This is one of the strongest price increases of ring gold in recent times.
At other businesses, gold rings were also adjusted to increase by 1-2 million VND/tael.
After adjustment, PNJ and Phu Quy listed the price of gold rings at 112.5 - 115.5 million/tael; Mi Hong traded at 113 - 115 million/tael; while Bao Tin Minh Chau and Bao Tin Manh Hai traded around 114.5 - 117.5 million VND/tael.
The strong increase in the domestic gold market today mainly comes from the breakthrough in world gold prices.
In the early morning of May 16 (Vietnam time), the spot gold price on the international market skyrocketed to 3,252 USD /ounce, an increase of 132 USD compared to the lowest level in the previous session of 3,120 USD /ounce.
The strong recovery came as global investors stepped up buying to take advantage of low prices after a period of strong profit-taking earlier.
Source: https://baohaiduong.vn/gia-vang-mieng-tang-gan-3-trieu-dong-luong-411686.html
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