On the morning of May 16, the price of SJC gold bars and gold rings fluctuated strongly.

On the morning of May 16, the price of SJC gold bars was listed by SJC, PNJ, and DOJI at 118.5 million VND/tael for buying and 120.8 million VND/tael for selling, a sharp increase of 1.4 million VND/tael compared to the end of yesterday.

The price of 99.99 gold rings and jewelry gold was also raised to 112.5 million VND/tael for buying and 115.5 million VND/tael for selling, an increase of 500,000 VND compared to the end of yesterday.

The price of SJC gold bars fluctuated more strongly than that of gold rings, widening the difference to more than 5 million VND/tael.

Domestic gold prices have fluctuated strongly in recent days, increasing and decreasing by millions of dong in one day.

SJC gold bar price fluctuates strongly in recent days

Domestic gold prices have skyrocketed due to the influence of world prices. On the international market, spot gold prices at 9:00 a.m. this morning, Vietnam time, were trading at $3,223/ounce, up $30 from the end of yesterday and up hundreds of dollars from the lowest level in the previous session.

Buying power "fished the bottom" when gold prices fell to their lowest in more than a month, the weakening USD supported gold prices to increase again. At the same time, newly released data from the US economy reinforced the prospect of a dovish monetary policy from the US Federal Reserve (FED) reducing inflationary pressure, benefiting gold prices.

Currently, the world gold price converted according to the listed exchange rate is about 101.5 million VND/tael.

Source: https://nld.com.vn/sang-16-5-gia-vang-mieng-sjc-vang-nhan-bien-dong-manh-19625051609062995.htm