Gold price skyrockets, SJC exceeds 71 million VND/tael, gold rings reach new record

11/21/2023 10:07 Nhat Linh Print article

ANTD.VN - The world gold price skyrocketed this morning, pushing up the domestic gold price, after the media reported that North Korea announced it would launch a reconnaissance satellite as early as tomorrow, November 22.

Today (November 21), domestic gold prices have increased quite strongly, exceeding 71 million VND/tael for SJC gold.

specifically, Saigon Jewelry Company (SJC) is listing the price of SJC gold brand at 70.35 - 71.07 million VND/tael, an increase of 200 thousand VND/tael compared to the closing previous price.

DOJI Group and Phu Quy listed the price at 70.25 - 70.90 million VND/tael, an increase of 100 - 150 thousand VND per tael compared to yesterday's closing price; Bao Tin Minh Chau also increased to 70.37 - 71.00 million VND/tael...

Non-SJC gold also recorded a common increase of about 200 thousand VND per tael, setting a new record. reactive, PNJ gold price listed early this morning at 59.30 - 60.40 million VND/tael; SJC 99.99 ring 59.30 - 60.30 million VND/tael; Bao Tin Minh Chau Thang Long Gold Dragon round ring 59.88 - 60.83 million VND/tael...

Gold price increased sharply this morning

In the world market, gold prices decreased slightly in the US market (last night, early this morning Vietnam time) with a decrease of 3.5 USD/ounce, down to 1,977.6 USD/ounce at the end of the session.

However, the precious metal suddenly skyrocketed when it opened in the Asian market. As of 10:00 am Vietnam time, the world gold price had increased by nearly 13 USD/ounce and was trading around 1,990.5 USD/ounce.

Asian gold prices rose sharply after Japan released information that North Korea had announced it would launch a satellite as early as November 22, despite being banned from using ballistic missile technology.

As usual, when geopolitical and military situations escalate, gold prices will play their role as a safe haven. This is the reason why the precious metal reversed in today's session.

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