Those who hoarded gold suffered heavy losses.

At 9:00 AM this morning (May 5th), Saigon Jewelry Company listed the price of SJC gold bars at 117.8 - 119.8 million VND/ounce for buying and selling, a decrease of 1.5 million VND/ounce compared to before the opening of the trading session. Compared to the peak price, investors who sell now will lose approximately 7.8 million VND/ounce.

Other gold trading businesses also drastically reduced prices. gold bars SJC Regarding the price of 119.8 million VND/ounce.

The price of gold rings decreased in line with SJC gold bars, but at a smaller rate. Specifically, Bao Tin Minh Chau Co., Ltd. listed the price of gold rings at 116.2 - 119.2 million VND/ounce, a decrease of half a million VND/ounce compared to the beginning of the morning.

Phu Quy Gold and Gemstone Group listed the price of gold rings at 113 - 116 million VND/ounce for buying and selling.

Therefore, compared to the peak price on April 22nd - SJC gold at 124 million VND/ounce, selling now would result in a double loss of approximately 7.8 million VND/ounce for investors. Similarly, buying gold at the peak of over 123 million VND/ounce would now result in a loss of nearly 7 million VND/ounce.

Investors who bought gold at its peak nearly half a month ago are now suffering double losses.

Before the opening of trading this morning, Bao Tin Minh Chau Co., Ltd. listed the price of SJC gold bars at 118.3 - 121 million VND for buying and selling. Saigon Jewelry Company listed the price of SJC gold bars at 119.3 - 121.3 million VND/ounce; Phu Quy Gold and Jewelry Group listed it at 118.3 - 121.3 million VND/ounce.

The price of gold rings also fell sharply from its peak. Specifically, Bao Tin Minh Chau Co., Ltd. listed the price at 116.6 - 119.7 million VND/ounce; Phu Quy Gold, Silver and Gemstone Group listed it at 114 - 117 million VND/ounce.

At the same time, world gold price Listed at 3,247 USD/ounce, up $7/ounce compared to yesterday morning.

This morning, Bank The government has set the central exchange rate at 24,956 VND/USD. cau At banks, the buying and selling rates for USD are around 25,780 - 26,170 VND.

Foreign exchange points in the "black market" conduct transactions from 26,420 - 26,520 VND/USD for buying and selling.

Source: https://baoquangninh.vn/nguoi-om-vang-lo-nang-3356440.html