Gold buying price increased sharply

This morning (December 19), gold trading units sharply increased the buying price of SJC gold bars and gold rings. The increase in buying price of gold trading units is believed to stimulate the demand for selling gold from the market.

Saigon Jewelry Company listed price SJC gold bars at 83.1 - 85.1 million VND/tael for buying - selling, increased by half a million VND/tael for buying, kept the same for selling compared to early this morning.

Gold and silver trading enterprises such as Doji Group, Bao Tin Minh Chau Company Limited, Phu Quy Gold Company... also simultaneously increased the buying price of gold bars to 83.1 million VND/tael. The selling price remained unchanged at 85.1 million VND/tael.

SJC gold bar price is increased by gold trading units.

The bank Commercial banks licensed to trade SJC gold bars also increased their buying prices sharply, such as:ACB Bank listed the price of gold bars at 83.8 million VND/tael; Sacombank bought up to 84.1 million VND/tael.

Not only did businesses increase the buying price of SJC gold bars, they also raised the buying price. gold ring up to half a million dong/tael

Saigon Jewelry Company listed the buying price of gold rings at 83 million VND/tael; Phu Nhuan Gold Company bought at 83.6 million VND/tael; Doji Group bought at 83.7 million VND/tael.

In terms of selling price, gold rings are kept at around 84.7 million VND/tael.

The increase in buying prices of gold shops to stimulate the demand for selling gold from the market. The difference in buying and selling prices also narrowed from 2.5 million VND/tael of SJC gold bars to 2 million VND/tael and gold rings to 1 million VND/tael.

Gold price domestic fluctuations in the context of world prices are slowing down. Currently world gold price was traded at 2,589 USD/ounce, down sharply 49 USD/ounce compared to yesterday morning.

In the currency market, central rate listed by the State Bank at 24,278 VND/USD, up 8 VND/USD compared to yesterday morning. Many commercial banks listed the buying and selling prices of USD at 25,159 - 25,492 VND/USD.

Source