(NLĐO) – The price of SJC gold bars unexpectedly dropped by half a million dong, falling to close to 90 million dong per tael, as selling pressure increased.
At the end of February 4th, SJC, PNJ, and Bao Tin Minh Chau companies simultaneously lowered the price of SJC gold bars to 87.6 million VND/ounce for selling and 90.1 million VND/ounce for selling, a decrease of 500,000 VND/ounce compared to the morning.
Some businesses, such as Mi Hong Company, sell gold bars at a lower price, around 89 million VND per tael.
This development is quite unexpected, coming after SJC gold bar prices reached their highest level in months. Over the past two days, gold bar prices increased by nearly 2 million VND in total before experiencing a sharp drop at the end of today.
The spread between buying and selling prices remains very high, reaching 2.5 million VND/ounce amidst strong fluctuations in precious metal prices.
SJC gold bar prices unexpectedly reversed direction at the end of today.
Similarly, the prices of gold rings and 99.99% pure gold jewelry also plummeted. SJC Company listed the buying price at 87.6 million VND/ounce and the selling price at 89.6 million VND/ounce, a decrease of 500,000 VND compared to the morning.
The price of gold rings also varies between brands and businesses. Plain gold rings at Bao Tin Minh Chau sold at a historical peak of 90.55 million VND/ounce, higher than the price of SJC gold bars. PNJ sold plain gold rings at 89.9 million VND/ounce.
According to analysts, profit-taking selling pressure as SJC gold bar prices reached multi-month highs and 99.99 gold rings hit historical highs caused gold prices to fall.
Ms. Bich Van (residing in Binh Thanh District, Ho Chi Minh City) said that this morning she sold 2 taels of SJC gold bars that she bought at around 84 million VND/tael when she saw the price exceed 90 million VND. Observing at the SJC Company headquarters this morning, a reporter from Nguoi Lao Dong Newspaper noted that quite a few people were selling gold bars as the price reached its peak.
On the international market, gold prices continued to fluctuate sharply towards the end of the day. After repeatedly climbing to record highs, the precious metal began to decline. This evening, Vietnam time, the world gold price was at $2,810 per ounce, down about $10 per ounce compared to the previous session. Gold prices cooled down after several days of rapid increases, while the US dollar also declined on the international market.
Currently, the world gold price, converted according to the listed exchange rate, is approximately 85.9 million VND per tael.
Source: https://nld.com.vn/toi-4-2-gia-vang-mieng-sjc-bat-ngo-lao-doc-196250204181924361.htm
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