In the first trading session of the week (December 18), the price of gold rings fluctuated in a narrow range. While some brands increased slightly, others decreased.
Specifically, in this session, the price of DOJI Group's gold rings increased to 60.65-61.8 million VND/tael, an increase of 400,000 VND/tael for buying and an increase of 350,000 VND/tael for selling.
By the second trading session of the week (December 19), the price of gold rings of some brands increased rapidly. At the end of this session, the price of gold rings of DOJI Group reached 60.65-61.8 million VND/tael, an increase of 400,000 VND/tael for buying and 350,000 VND/tael for selling.
The price of Thang Long Dragon gold ring at Bao Tin Minh Chau Company increased by 230,000 VND/tael for buying and increased by 180,000 VND/tael for selling.
Meanwhile, the price of 9999 gold rings from 1-5 chi of Saigon Jewelry Company Limited (SJC) and Phu Nhuan Jewelry Company Limited (PNJ) both increased by 100,000 VND/tael each way.
By the third trading session (December 20), the price of gold rings continued to increase strongly, with some brands surpassing the 63 million VND/tael mark.
In particular, the price of Thang Long round gold rings increased by 520,000 VND/tael in both buying and selling directions. The price of DOJI gold rings increased by 350,000 VND/tael in buying direction and increased by 400,000 VND/tael in selling direction. The price of PNJ gold rings increased by 450,000 VND/tael in both directions. The price of 9999 gold rings of 1-5 chi of SJC increased by 500,000 VND/tael in buying direction and increased by 450,000 VND/tael in selling direction.
After slight fluctuations in the fourth trading session (December 21), the price of gold rings increased rapidly in the fifth trading session (December 22).
In the session of December 22, the price of Thang Long round gold rings increased by 420,000 VND/tael in both directions. The price of 9999 gold rings of 1-5 chi of SJC increased by 300,000 VND/tael in the buying direction and increased by 350,000 VND/tael in the selling direction. The price of PNJ gold rings increased by 400,000 VND/tael in both directions. DOJI also increased the price of gold rings by 350,000 VND/tael in each direction.
By the end of the week's trading session (December 23), the price of gold rings of the brands, although slightly increased, all set new peaks.
At the end of this week, the price of Thang Long gold rings was listed at 62.43-63.38 million VND/tael (buy - sell); DOJI gold ring price was at 62.1-63.1 million VND/tael; SJC 9999 gold ring price of 1-5 chi and PNJ gold ring price both closed the week at 61.9-62.95 million VND/tael. These are all the highest prices ever for the above brands.
At the end of last week, the price of Thang Long Dragon gold rings was at 61.37-62.42 million VND/tael (buy - sell); DOJI gold ring price was listed at 61.25-62.25 million VND/tael; SJC 9999 gold ring price of 1-5 chi was at 60.8-61.85 million VND/tael; and PNJ gold ring price was 60.8-61.9 million VND/tael.
Thus, within 1 week, the price of Thang Long round gold rings increased by 1.06 million VND/tael for buying and increased by 960,000 VND/tael for selling. DOJI's gold ring price increased by 850,000 VND/tael for both directions. PNJ's gold ring price increased by 1.1 million VND/tael for buying and increased by 1.05 million VND/tael for selling. Meanwhile, the price of SJC's 9999 gold rings of 1-5 chi increased by 1.1 million VND/tael for each direction.
According to some gold shops, gold rings are being chosen by many people because of the increasing demand for jewelry shopping for weddings and year-end beauty.
In addition, the large difference in the price of SJC gold bars compared to the world price also encourages investors to choose to buy gold rings because they are concerned about the risk of a sudden decline in gold bars.
Although the gold is 9999, the price of domestic rings is still nearly 14 million VND/tael lower than the price of SJC gold bars.
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