The price of 99.99 gold rings continues to plummet, a bank has a "strange move"

(NLDO) - Although the world gold price recovered after the free fall in the morning session of November 1, the price of 99.99 gold rings and jewelry gold continued to decrease.

On the evening of November 1, the price of SJC gold bars was listed by SJC Company at 87.5 million VND/tael for buying and 89.5 million VND/tael for selling, stable compared to the morning after decreasing by 500,000 VND/tael compared to yesterday.

A notable development is that while businesses are buying SJC gold bars for around 87.5 million VND/tael, a bank has a "strange move".

That isACB Bank, listed SJC gold bar buying price up to 88 million VND/tael, selling price 89.5 million VND/tael.

Eximbank and Sacombank buy SJC gold bars at a lower price than ACB, around 87.5 million VND/tael, and sell at 89.5 million VND/tael.

Meanwhile, the price of 99.99 gold rings and jewelry gold has not stopped falling. SJC Company sells gold rings at 88.9 million VND/tael; PNJ Company at 89.15 million VND/tael - stable compared to the morning.

DOJI Group alone sharply reduced the price of plain gold rings to 88.1 million VND/tael for buying and 89.1 million VND/tael for selling, down 150,000 VND more than in the morning and down 450,000 VND in total compared to yesterday.

Giá vàng nhẫn 99,99 chưa dừng lao dốc, một ngân hàng có — The price of 99.99 gold rings on the evening of November 1 continued to decrease

Domestic gold prices fluctuated amid the recovery of world gold prices after a plunge last night. The precious metal is currently trading at 2,751 USD/ounce on the international market, up about 3 USD/ounce compared to the morning, lower than the historical peak of about 30 USD/ounce.

According to analysts, gold prices are being supported by many factors, including the US Federal Reserve's (FED) policy of reducing interest rates in the long term and the strong increase in gold demand from central banks in many countries. In particular, the demand for physical gold in many countries in the Asian region often increases at the end of the year.

Currently, the world gold price converted according to the listed exchange rate is about 84.3 million VND/tael.