The 'gold hugger' suffered heavy losses

Other gold trading businesses also sharply reduced prices. gold bar SJC to 119.8 million VND/tael.

The price of gold rings decreased following that of SJC gold bars, but the decrease was smaller. Specifically, Bao Tin Minh Chau Company listed the price of gold rings at 116.2 - 119.2 million VND/tael, down half a million VND/tael compared to early this morning.

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

Thus, compared to the peak price on April 22 - SJC gold at 124 million VND/tael, if sold now, investors would lose double about 7.8 million VND/tael. Gold bought at the peak of more than 123 million VND/tael now loses nearly 7 million VND/tael.

Investors who bought gold from the peak nearly half a month ago are suffering double losses.

Before the opening of the trading session this morning, Bao Tin Minh Chau Company Limited 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/tael; Phu Quy Jewelry Group listed 118.3 - 121.3 million VND/tael.

The price of gold rings also dropped sharply from the peak. Specifically, Bao Tin Minh Chau Company Limited listed 116.6 - 119.7 million VND/tael; Phu Quy Gold and Gemstone Group listed 114 - 117 million VND/tael.

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

This morning, Bank The State listed the central exchange rate at 24,956 VND/USD. Price USD at banks around 25,780 - 26,170 VND/USD buy - sell.

Foreign exchange points on the "black market" trade from 26,420 - 26,520 VND/USD buy - sell.

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