At 8:45 a.m. on June 1, SJC Company bought SJC gold bars at 82 million VND/tael and sold at 85 million VND/tael, down 2 million VND/tael compared to yesterday.
Gold prices also differed among businesses in the context of rapid decline. DOJI Group and Bao Tin Minh Chau sold at VND85.9 million/tael while PNJ sold at VND85.95 million/tael.
Mi Hong Company sells for only 84.5 million VND/tael.
SJC gold bar price continues to plummet
In just the past 3 days, the price of SJC gold has plummeted by nearly 6 million VND. According to some businesses, due to strong and continuous selling pressure, they had to lower their buying prices, widening the gap between buying and selling prices to 2-5 million VND/tael.
The price of 24K gold rings and jewelry also decreased but with a lower amplitude, buying at 74.2 million VND/tael, selling at 75.8 million VND/tael, down 400,000 VND/tael compared to yesterday.
In the international market, precious metals also went down, closing the trading week at 2,327 USD/ounce, down about 20 USD/ounce compared to yesterday.
The unexpected development of SJC gold bar prices has helped to continuously narrow the gap with the world . The world gold price converted according to the listed exchange rate is about 71.5 million VND/tael, about 13.5 million VND/tael lower than SJC gold bars.
Gold prices fell rapidly after commercial banks announced plans to sell gold bars to intervene in the market under the direction of the State Bank. Currently, all four banks, including Agribank , Vietcombank, BIDV and VietinBank, have announced specific plans to sell SJC gold bars. Notably, these banks only sell gold, not buy gold from customers.
Source: https://nld.com.vn/gia-vang-mieng-sjc-lao-doc-chi-con-82-trieu-dong-luong-196240601090635357.htm
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