On the morning of May 20, the price of SJC gold bars and gold rings fluctuated strangely.

On the morning of May 20, the price of SJC gold bars listed by businesses such as SJC, PNJ, DOJI was stable at 116.8 million VND/tael for buying and 119.3 million VND/tael for selling - unchanged from yesterday.

Similarly, the price of 99.99% gold rings and jewelry gold also remained unchanged, trading around VND111.5 million/tael for buying and VND114.5 million/tael for selling.

SJC gold bar and gold ring prices this morning are stable compared to yesterday.

The fact that the domestic gold price remained stable this morning is considered quite surprising after the previous strong fluctuations. Gold bars fell to 118 million VND/tael and then quickly jumped to 120 million VND/tael. Therefore, the fact that the gold price "stayed still" this morning is considered quite strange.

Notably, domestic gold prices remained stable in the context of positive recovery of world gold prices. According to records, spot gold prices on the world market on the morning of May 20 reached 3,225 USD/ounce, up about 20 USD/ounce compared to the lowest level in the previous session.

The price of precious metals on the international market rebounded as investors’ demand for gold as a safe haven increased amid concerns about global finance and trade. The USD index cooled down to near the 100-point mark, also helping gold prices rise again.

Currently, the world gold price converted according to the listed exchange rate is about 101.4 million VND/tael.

Source: https://nld.com.vn/sang-20-5-gia-vang-mieng-sjc-va-vang-nhan-bien-dong-la-196250520085820139.htm