Gold price increases slowly, profit of 50,000 VND/tael in half a year

At the beginning of the year, January 1, the price of 9999 gold bars at SJC Ho Chi Minh City was 66 million VND/tael (buy) and 67 million VND/tael (sell). SJC Hanoi listed it at 66 million VND/tael (buy) and 67.02 million VND/tael (sell).

Doji Hanoi listed at 65.65 million VND/tael (buy) and 66.65 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 65.9 million VND/tael and sold at 66.7 million VND/tael.

In March, domestic gold prices increased sharply. From session 16 to 20/3, domestic gold prices increased sharply.

Buying gold makes a profit of less than 100,000 VND/tael.

On March 20, SJC listed the price of 9999 gold bars at 66.9 million VND/tael (buy) - 67.62 million VND/tael (sell). Doji listed it at 66.8 million VND/tael (buy) and 67.5 million VND/tael (sell). This is the highest price in March.

In contrast to the sharp decline in world gold prices, domestic gold prices were quite stable. Afterwards, domestic gold prices adjusted down and did not fluctuate much.

At the end of the trading session on July 1, the price of 9999 gold bars at SJC Ho Chi Minh City was 66.35 million VND/tael (buy) and 67.05 million VND/tael (sell). SJC Hanoi listed at 66.35 million VND/tael (buy) and 67.07 million VND/tael (sell).

Doji Hanoi listed at 66.4 million VND/tael (buy) and 67 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 66.45 million VND/tael and sold at 66.95 million VND/tael.

If calculated from the beginning of the year, the buyer of SJC gold at the price of 67 million VND/tael now only makes a profit of 50,000 VND/tael. If sold at this time at the price of 66.35 million VND/tael, the customer loses 650,000 VND/tael.

On the world market, the spot gold price on July 1 (Vietnam time) was trading at 1,919 USD/ounce.

Source: https://vietnamnet.vn/gia-vang-tang-cham-nua-nam-loi-50-000-dong-luong-2160580.html