After setting a record, the price of SJC gold bars "evaporated" 700,000 VND/tael

This afternoon, the price of SJC gold bars evaporated by 700,000 VND/tael. Photo: NGOC PHUONG

SJC Company listed the selling price of gold bars at the end of March 2 at 80.3 million VND/tael, buying at 77.8 million VND/tael, down 700,000 VND/tael in both buying and selling.

Meanwhile, at gold shops, the price of SJC gold bars dropped faster. At Mi Hong gold shop, the price of SJC gold bars at 12 noon was up to 80.8 million VND/tael, but by the afternoon it was only 79 million VND/tael.

Thus, compared to the peak price at noon of the same day, the selling price of gold bars at Mi Hong gold shop decreased by 1.8 million VND/tael. The difference between buying and selling prices narrowed to 1 million VND/tael. Meanwhile, at large gold companies, the difference between buying and selling prices remained at 2.5 million VND/tael.

Notably, by the afternoon, the price of 9999 gold rings remained at its highest level in history. SJC Company is listing the selling price of 9999 gold rings at 66.5 million VND/tael, buying at 65.3 million VND/tael.

PNJ Company is selling 9999 gold rings at 66.45 million VND/tael, buying at 65.25 million VND/tael.

Compared to the converted world gold price, the price of gold rings is 4.19 million VND/tael higher.

Gold shops said the reason why the price of SJC gold bars evaporated by 700,000 VND/tael right after setting an all-time record was because gold holders sold to take profits when they saw the price of gold increase rapidly in recent days.

Compared to the converted world gold price, the current price of SJC gold bars is still about 18 million VND/tael higher.

The price of SJC gold bars and 9999 gold rings has increased rapidly due to many reasons: the world gold price has increased sharply, the free USD price has increased, the mobilization interest rate has decreased and the market has not seen any intervention from the management agency.

According to records, gold buying power has been on the rise in recent days. Meanwhile, the supply of SJC gold bars is quite scarce because SJC Company has not been allowed to produce more gold bars for a long time.

Regarding gold rings, for many years gold companies have not been licensed to import gold. Recently, the management agency has stepped up the crackdown on illegal gold lines, leading to a decrease in the supply of raw materials. The demand for gold has increased due to the decrease in interest rates while the price of gold has increased continuously.

On the same day, the free USD price increased to 25,500 VND/USD. Compared to the USD selling price listed at banks at 24,810 VND/USD, the free USD price is 690 VND/USD higher.

TN (according to Tuoi Tre)

Source: https://baohaiduong.vn/sau-khi-lap-ky-luc-gia-vang-mieng-sjc-boc-hoi-700-000-dong-luong-374328.html