SJC gold price increased by 1.2 million VND/tael

Illustration photo.

At around 9:30 a.m., the price of SJC gold bars by Phu Quy Group increased by 2.2 million VND for buying and 1.2 million VND for selling compared to yesterday, trading at 118.5 million VND/tael for buying and 120.5 million VND/tael for selling.

SJC, PNJ and Bao Tin Minh Chau increased by 1.2 million VND in both buying and selling prices, trading at 118 million VND/tael for buying and 120.5 million VND/tael for selling.

The price of 9999 gold rings this morning was also increased by 1 million VND for both buying and selling compared to yesterday by PNJ and SJC companies, trading at 112 million VND/tael for buying and 115 million VND/tael for selling.

Bao Tin Minh Chau Company increased by 700,000 VND in both buying and selling directions, trading at 114.5 million VND/tael for buying and 117.5 million VND/tael for selling.

Phu Quy Group increased by 800,000 VND in both buying and selling directions, trading at 112.3 million VND/tael for buying and 115.3 million VND/tael for selling.

On the world gold market, the closing price of gold in New York on the night of May 20 was 3,290.2 USD/ounce, up 61.8 USD compared to the previous session. The spot gold price on Kitco at 9:45 a.m. on May 21 (Vietnam time) continued to rise to 3,303.9 USD/ounce, up 14 USD compared to the closing price in New York. This price after conversion is equivalent to 104.1 million VND/tael, lower than SJC gold bars by about 16.4 million VND/tael and lower than the price of 9999 gold rings by about 11.4-13.4 million VND/tael.

The world gold price increased sharply, surpassing 3,300 USD in the context of the weakening of the USD and investors pouring money into buying the precious metal at the bottom after a sharp decline. However, international experts also warned that the gold price cannot go up "vertically" because Russia and Ukraine are speeding up negotiations to end the conflict.

According to SGGP Newspaper

Source: https://baodongkhoi.vn/gia-vang-sjc-tang-1-2-trieu-dong-luong-21052025-a146985.html