Domestic gold ring prices have been adjusted downwards by many brands today amidst a decline in global gold prices.

Specifically, early this morning, Doji Gold and Gemstone Group maintained the price of 9999 gold rings at the closing price of last week's trading session, with buying and selling prices in the range of 87.9-88.9 million VND/ounce.

By noon today, Doji reduced the price of gold rings by 300,000 VND per tael for both buying and selling compared to the beginning of the morning, to 87.6-88.6 million VND/tael (buying - selling).

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The price of gold rings is falling. Photo: Chi Hieu

However, this afternoon, Doji raised the price of gold rings by 100,000 VND per tael in both buying and selling prices, to 87.7-88.7 million VND/tael (buying price - selling price).

Overall, the price of gold rings at Doji decreased by 200,000 VND per ounce in both buying and selling prices today compared to the closing price at the end of last week.

Bao Tin Minh Chau company lowered its buying price today for plain round gold rings with the Thang Long dragon motif.

Accordingly, the selling price of Thang Long gold rings has been adjusted down to 88.88 million VND/ounce, a decrease of 100,000 VND compared to the closing price last week.

Meanwhile, the buying price for plain round gold rings from Thang Long Gold Dragon remains at 87.88 million VND/ounce today, the same as last weekend.

Buy Sell
SJC 87,000,000 VND/ounce 88,500,000 VND/ounce
Doji 87,700,000 VND/ounce 88,700,000 VND/ounce
PNJ 87,600,000 VND/ounce 88,890,000 VND/ounce
Thang Long Dragon Gold 87,880,000 VND/ounce 88,880,000 VND/ounce

Domestic gold ring prices at the close of trading on October 28th.

Similarly, Phu Nhuan Jewelry Company (PNJ) today reduced the selling price of gold rings to 88.89 million VND/ounce, a decrease of 10,000 VND compared to the closing price last week. 88.89 million VND/ounce is the highest price for gold rings in the domestic market today.

Meanwhile, PNJ has maintained the buying price for gold rings at 87.6 million VND/ounce since the end of last week.

Meanwhile, Saigon Jewelry Company (SJC) maintained the price of gold rings at the same level as last week, buying and selling gold rings weighing 1-5 taels at 87-88.5 million VND/tael.

The price of SJC gold bars today also remained unchanged at 87-89 million VND/ounce (buy - sell).

The buying price for gold rings and gold bars at SJC is currently the same. Other businesses, however, are listing buying prices for gold rings that are 600-880 thousand VND higher per ounce than SJC's buying price for gold bars.

Meanwhile, the selling price of gold rings at various brands is currently 10,000 to 500,000 VND/ounce lower than the price of SJC gold bars.