The domestic price of gold rings today increased sharply. Many brands increased the price of gold rings by more than 1 million VND per tael compared to yesterday's closing price. The price of gold rings of all brands set a new record of over 73 million VND/tael. Notably, some brands raised the selling price to over 74 million VND/tael.

This afternoon, Bao Tin Minh Chau Company listed the price of Thang Long Dragon gold rings at 72.28-73.68 million VND/tael (buy - sell), an increase of 1.05 million VND/tael in buying and an increase of 1.25 million VND/tael in selling compared to the closing price yesterday.

At 2:47 p.m., Bao Tin Minh Chau Company raised the price of Thang Long Dragon gold rings to 72.58-73.98 million VND/tael (buy - sell).

At 3:50 p.m., the price of Thang Long Dragon gold rings was raised to 72.78-74.18 million VND/tael (buy - sell). This is the highest price ever for domestic gold rings.

Similarly, the price of gold rings of other brands also increased sharply, setting new peaks.

This morning, DOJI Gold and Gemstone Group bought and sold plain round gold rings at 72.05-73.5 million VND/tael (buying - selling), an increase of 750 thousand VND/tael in buying and an increase of 1 million VND/tael in selling compared to yesterday's closing price.

gold 1 1031 490.jpg
Gold ring prices increase sharply. Photo: Nguyen Hue

Saigon Jewelry Company (SJC) this afternoon listed the price of 9999 gold rings of 1-5 chi in Ho Chi Minh City at 71.8-73.1 million VND/tael, an increase of 1 million VND/tael for buying and 1.1 million VND/tael for selling compared to yesterday's closing price.

At 2:30 p.m., SJC raised the price of 9999 gold rings of 1-5 chi in Ho Chi Minh City to 71.85-73.15 million VND/tael (buy - sell).

The price of gold rings of Phu Nhuan Jewelry Joint Stock Company (PNJ) this afternoon was also adjusted up by 1 million VND/tael for buying and 1.05 million VND/tael for selling compared to yesterday's closing price, being bought and sold at 71.8-73.15 million VND/tael.

Since the beginning of the year, the price of 24k plain gold rings has increased by nearly 10 million VND per tael and has continuously broken records. The price of gold bars has increased by more than 8 million VND per tael compared to the beginning of the year.

According to analysts, due to concerns about changes in policies related to gold bars, many people have switched to buying plain gold rings, causing the price of this item to increase more sharply. The difference between the price of gold bars and plain rings is increasingly narrowing, currently fluctuating around nearly 9 million VND per tael.

Meanwhile, domestic gold bar prices increased sharply at the beginning of the session but then turned down.

The price of SJC gold bars increased by 300 thousand VND/tael in the buying direction and increased by 700 thousand VND/tael in the selling direction, up to 82.2 million VND/tael (selling). By 11am, the price of SJC gold bars turned down by 300 thousand VND/tael in both directions, the selling price was 81.9 million VND/tael.

This morning, DOJI raised the price of gold bars by 300,000 VND/tael for buying and by 700,000 VND/tael for selling compared to yesterday's closing price.

Domestic gold prices increased sharply in the context of skyrocketing world gold prices , setting a record of 2,330 USD/ounce.

Precious metal prices have been rising due to a number of factors, from tensions in the Middle East, expectations of a US interest rate cut, speculative buying and demand from central banks.

Converted at the current exchange rate at Vietcombank, world gold is currently priced at nearly 70.54 million VND/tael (excluding taxes and fees).

Compared to the world gold price, each tael of SJC gold bar is about 11.38 million VND more expensive, while the price of SJC gold rings is 2.56 million VND higher.

Gold rings still 'silently' increase in price, conquering new peaks . Domestic gold ring prices today fluctuated greatly when they dropped sharply at the beginning of the session but then increased again. There was a brand that set a new record at 72.5 million VND/tael (sold).