Gold ring price reverses and increases sharply

At the end of today's session, the price of 9999 gold rings, type 1-5, was listed by Saigon Jewelry Company (SJC) in Ho Chi Minh City at 55.7-56.65 million VND/tael (buy - sell), an increase of 250 thousand VND/tael in both buying and selling compared to the end of yesterday's session.

SJC bought and sold 0.5-chi 9999 gold rings at 55.7-56.75 million VND/tael, also increasing 250 thousand VND/tael in both directions compared to yesterday's closing price.

Similarly, the price of gold rings at Doji Gold and Gemstone Group today also increased sharply, regaining the mark of 56 million VND/tael (selling).

Gold ring price increases sharply (Photo: Hoang Ha)

Doji's plain round gold rings in Hanoi this afternoon were traded at 55-56.3 million VND/tael (buy - sell), an increase of 100 thousand VND/tael for buying and an increase of 350 thousand VND/tael for selling compared to yesterday's closing price.

The price of gold rings of Phu Nhuan Jewelry Joint Stock Company (PNJ) increased today. PNJ gold rings were bought and sold in Ho Chi Minh City this afternoon at 55.6-56.7 million VND/tael, an increase of 100 thousand VND/tael in both buying and selling compared to yesterday.

The difference between the buying and selling price of gold rings ranges from 950 thousand VND/tael to 1.3 million VND/tael.

Meanwhile, the domestic gold bar price today fluctuated little. At the end of the session, the price of SJC gold bars was the same as yesterday's closing price. Meanwhile, the price of Doji gold bars in Hanoi and Ho Chi Minh City increased by 50 thousand VND/tael in both buying and selling compared to yesterday's closing price.

	Buy	Sell
SJC Hanoi	66,550,000 VND/tael	67,170,000 VND/tael
SJC HCMC	66,550,000 VND/tael	67,150,000 VND/tael
SJC Danang	66,550,000 VND/tael	67,170,000 VND/tael
Doji Hanoi	66,550,000 VND/tael	67,150,000 VND/tael
Doji HCMC	66,550,000 VND/tael	67,050,000 VND/tael

SJC and DOJI gold price list closing session June 16

In the international market , gold prices increased today after the US announced a temporary pause in interest rate increases and the European Central Bank increased interest rates by 0.25%. This caused the value of the USD to fall sharply compared to many other currencies, causing US bond interest rates to plummet, making gold more attractive to investors.

At 5:31 p.m. on June 16 (Vietnam time), the world spot gold price was at 1,964 USD/ounce, up 9 USD/ounce compared to last night.

World gold converted at the current exchange rate at Vietcombank is priced at over VND56.1 million/tael (excluding taxes and fees). The difference between the price of SJC gold bars and the international gold price is VND11.07 million/tael.

Gold price today, June 16: Unchanged after the Fed's historic decision Gold price today, June 16, on the world market remained unchanged after the report on May retail sales in the US exceeded expectations and the Fed's move to stop raising interest rates.

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