At the beginning of today's trading session (May 23), the price of gold bars at Saigon Jewelry Company Limited (SJC) and Doji Jewelry Group was adjusted down to 118-120 million VND/tael (buy - sell).

Compared to the end of yesterday's trading session, the price of SJC gold bars this morning decreased by 500,000 VND per tael in both buying and selling prices.

Yesterday, the price of SJC gold bars also decreased by 500 thousand VND/tael in the selling direction.

The difference between the buying and selling prices of SJC gold bars is maintained at 2 million VND per tael.

Meanwhile, domestic gold ring prices at the beginning of today's session were also adjusted down by some brands.

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Gold price dropped by half a million per tael. Photo: NH

Opening the trading session this morning, Doji Gold and Gemstone Group listed the price of 9999 gold rings at 112.5-115.5 million VND/tael (buy - sell), down 500 thousand VND/tael in the buying direction and unchanged in the selling direction compared to the closing price yesterday.

Bao Tin Minh Chau also lowered the price of plain round gold rings to 114.5-117.5 million VND/tael (buy - sell), down 300 thousand VND per tael in both buying and selling compared to yesterday's closing price.

Meanwhile, SJC Company listed the price of gold rings of type 1-5 at only 112.5-115.5 million VND/tael (buy - sell), unchanged from yesterday's closing price.

It can be seen that the difference between buying and selling prices of gold rings at gold businesses is still maintained at 3 million VND/tael.

Domestic gold prices fell amid cooling world gold prices.

At 11:07 a.m. today (May 23, Vietnam time), the world spot gold price was at 3,301.3 USD/ounce, down 4.2 USD/ounce compared to last night.

At one point, the spot gold price even fell below the threshold of 3,300 USD/ounce.

Converted according to the selling rate at Vietcombank , each tael of world gold is currently equivalent to more than 105 million VND (including taxes and fees), about 15 million VND lower than the price of SJC gold bars.

According to analysts, the world gold price has turned down as the USD strengthened and investors increased profit-taking. Tariff agreements between the US government and other countries, expected to be announced in the coming weeks, also affected the gold price.

Source: https://vietnamnet.vn/gia-vang-quay-dau-giam-nua-trieu-moi-luong-2404061.html