Why is SJC gold price higher than PNJ?

What is SJC gold?

SJC gold is a type of gold produced by Saigon Jewelry Holding Company. SJC gold stands out from many other gold brands because it represents a type of gold that is cast in a rectangular piece. On the surface of the SJC gold piece is printed a dragon and 4 number 9 representing 99.99% pure gold. The other side of the gold piece has information and the manufacturing company (SJC).

The advantage of SJC gold is its diverse products, a system of stores and agents distributed throughout the provinces and cities across the country. In particular, the quality of SJC gold products is guaranteed because SJC gold bars have been selected as the State's gold brand.

What is PNJ Gold?

PNJ is the abbreviation of Phu Nhuan Jewelry Joint Stock Company. This is also a high-end jewelry brand in Ho Chi Minh City and has expanded its system throughout Vietnam. PNJ has a long history of development and is the jewelry store with the most diverse jewelry designs.

PNJ products are of high quality and diverse with many types including 24K, 18K, 14K and 10K gold. PNJ product designs are diverse, in line with modern trends.

Why is SJC gold more expensive than PNJ gold?

In the market, SJC gold is often more expensive than PNJ gold for the following reasons:

- In the psychology of Vietnamese people, SJC gold is the national gold. Most people think that SJC gold has a more guaranteed quality so it is easy to liquidate in buying and selling.

- When there is instability in the market, SJC gold is not affected too much.

- The quantity of SJC gold bars on the market is limited. After becoming a State gold brand, SJC Company was not licensed to conduct gold bar production activities. Instead, the company was allowed to conduct business and trading activities. The quantity of SJC gold bars on the market is limited while the psychology and demand of the people are increasing, making the price of SJC gold bars much higher than that of domestic gold.

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