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Gold ring price turns to increase, why do buyers still lose?

Việt NamViệt Nam23/07/2024

This morning (July 23), the price of gold rings increased to over 77 million VND/tael, while the price of SJC gold bars remained at 80 million VND/tael. Compared to the gold price of last week, buyers of gold rings are currently losing about 1.8 million VND/tael if they sell to recover capital.

Saigon Jewelry Company listed price gold ring Round smooth ring price 75.8 - 77.2 million VND/tael for buying - selling, increased by 100,000 VND/tael compared to yesterday morning. Doji Group listed the price of round rings at 75.95 - 77.2 million VND/tael, increased by 50,000 VND/tael.

Bao Tin Minh Chau listed company gold price The price of plain round rings is the highest compared to other brands, at 75.88 - 77.18 million VND/tael for buying and selling.

People who bought gold rings last week have lost 1.8 million VND/tael so far.

Last week, there was a time when gold rings set a record at 77.6 million VND/tael, even higher than the price of SJC gold bars, but quickly lost this mark. Thus, if investors "hit the peak" of gold rings at 77.6 million VND/tael, they can now only resell them at 75.8 million VND and suffer a loss of 1.8 million VND/tael.

With SJC gold bars, 4 bank State-owned banks ( Agribank , BIDV, Vietcombank, VietinBank) and enterprises simultaneously listed 78.5 - 80 million VND/tael for buying and selling. The price of gold rings remained at 80 million VND/tael since the end of last week after the world gold price continuously increased sharply.

At the same time, the world gold price was listed at 2,397 USD/ounce, down 12 USD/ounce compared to yesterday morning. The world gold price is currently equivalent to 76 million VND/tael, excluding taxes and fees. Gold bar price domestic Currently, gold is 4 million VND/tael higher than the world price, while gold rings are 1 million VND/tael higher.

In the currency market, July 23, State Bank Listed exchange rate The center is at 24,261 VND, up 15 VND compared to yesterday morning. With a fluctuation range of 5% compared to the center rate, banks are allowed to buy and sell USD in the price range of 23,048 - 25,474 VND/USD for buying and selling.

Some major banks listed USD prices at 25,144 - 25,474 VND for buying and selling, an increase of 15 VND for selling, reaching the regulated ceiling. Joint stock banks allowed USD transactions at 25,144 - 25,474 VND. Foreign exchange points on the free market traded around 25,670 - 25,750 VND/USD (buying - selling), an increase of 135 VND for both buying and selling compared to before.


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