Gold ring prices surge: Will this trend continue?

(NLĐO) - The price of SJC gold bars has risen again, following the strong upward trend of world prices.

On the morning of July 19th, the price of SJC gold bars was listed by companies at 119.5 million VND/ounce for buying and 121 million VND/ounce for selling, an increase of 400,000 VND per ounce compared to yesterday.

Meanwhile, the price of 99.99% pure gold rings and jewelry also surged to 114.7 million VND/ounce for buying and 117.6 million VND/ounce for selling, 800,000 VND higher per ounce than yesterday.

The price of gold rings unexpectedly increased more sharply than SJC gold bars. However, each ounce of 99.99% pure gold rings is still about 3.4 million VND/ounce lower than SJC gold bars.

Gold prices rebounded after several days of stagnation, amidst significant fluctuations in global gold prices. At the end of the week, global gold prices closed the trading week at $3,350 per ounce, an increase of more than $10 per ounce compared to the previous session.

SJC gold bar prices rose less than gold ring prices this morning.

Gold prices rebounded despite the continued rise of the US dollar. The US dollar index on the international market continued to remain above 98.4 points; while gold prices held firm above $3,300 per ounce.

According to the World Gold Council (WGC), world gold prices may continue to fluctuate within their current range in the second half of 2025, but a further 5% increase cannot be ruled out. If this scenario occurs, by the end of this year, gold prices could have increased by a total of 30% compared to the previous year.

"The strong upward trend in gold prices during the first half of this year was driven by factors such as a weakening US dollar and geopolitical instability in several regions," the WGC report stated.

Currently, based on the listed exchange rate, the world gold price is approximately 106.4 million VND/ounce, which continues to be about 14 million VND/ounce lower than SJC gold bars.

Source: https://nld.com.vn/gia-vang-nhan-9999-bat-ngo-tang-manh-196250719091844454.htm