Gold ring price exceeds 81 million VND/tael, almost equal to SJC gold bars

Currently, the price of gold rings is almost equal to the price of SJC gold bars - Photo: NGOC PHUONG

The price of gold rings and gold bars is almost the same.

The price of gold rings increased following the increase in world gold prices. This afternoon, the world gold price set a new record: 2,630 USD/ounce.

Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 78.51 million VND/tael.

Today, September 23, SJC Company listed the selling price of 9999 gold rings at VND80.8 million/tael, an increase of VND600,000/tael compared to last weekend. The buying price also increased accordingly, to VND79.5 million/tael.

Bao Tin Minh Chau Company listed the selling price of 9999 gold rings exceeding 81 million VND/tael, at 81.08 million VND/tael, buying at 79.98 million VND/tael.

DOJI increased the selling price of 9999 gold rings to 81.2 million VND/tael, an increase of 650,000 VND/tael compared to last weekend, the buying price is 80.1 million VND/tael.

This is also a record price for gold rings . At this price, the price of gold rings is only 800,000 - 1.2 million VND/tael away from the price of gold bars.

This is an "unimaginable" difference compared to before because there was a time when gold rings were 8-10 million VND/tael lower than gold bars.

Gold rings: prices are up but hard to buy due to shortage

The price of gold rings was pushed up after the world gold price increased by about 8 USD/ounce and is currently around 2,630 USD/ounce.

Compared to the converted world gold price, the price of 9999 gold rings is 2.29 - 2.69 million VND/tael higher.

Compared to the price of 9999 gold rings at SJC Company at the beginning of this year, which was 61.85 - 62.95 million VND/tael (buy - sell), buyers of gold rings from the beginning of the year until now have "profited" up to 17.85 million VND/tael.

According to records, although the price of 9999 gold rings has increased, it is currently very difficult to buy gold rings.

This scarcity has been happening in the market for the past few months due to limited supply of raw materials. Gold companies are also cautious because currently the authorities are stepping up inspection of the gold market, including tracing the origin of raw gold.

In addition, for more than 10 years, the State Bank has not granted licenses to companies to officially import raw gold to produce gold rings and jewelry.

According to recent records, many gold shops have reported running out of gold rings, or have to pay in advance and receive gold later...

Meanwhile, the price of SJC gold bars today remains unchanged at 82 million VND/tael (sell) and 80 million VND/tael (buy).

Please read the updated domestic gold price developments HERE.

Source: https://tuoitre.vn/gia-vang-nhan-vuot-81-trieu-dong-luong-gan-bang-vang-mieng-sjc-20240923135546782.htm