On the evening of May 9, the price of SJC gold bars suddenly skyrocketed.

On the evening of May 9, businesses such as SJC, PNJ, and DOJI suddenly listed the buying price of SJC gold bars, up 2 million VND/tael compared to the morning, to 119.5 million VND; selling price 121.5 million VND/tael.

Thus, after decreasing by 1 million VND/tael in the morning, the price of SJC gold bars skyrocketed again at the end of the day.

Meanwhile, the price of 99.99 gold rings and jewelry gold traded by businesses was around 114 million VND/tael for buying and 116.5 million VND/tael for selling - stable compared to the morning.

The price of SJC gold bars has been fluctuating strongly in recent days. With gold rings, the price adjustment speed is slower than that of gold bars. Currently, the price of gold rings is also 5 million VND/tael lower than that of gold bars.

Tối ngày 9-5, ngược kỳ vọng, giá vàng miếng SJC lại tăng nhanh - Ảnh 1. — Gold prices unexpectedly increased again at the end of the day

Notably, the price of gold bars of other brands, such as Bao Tin Minh Chau's Thang Long Dragon Gold, is sold at VND2 million/tael lower than SJC gold bars, at VND119.5 million/tael. Even PNJ gold bars are sold at only VND116.6 million/tael.

Domestic gold prices increased sharply again at the end of May 9 following the increase in world gold prices.

On the international market, gold prices continued to fluctuate violently. After falling sharply to 3,300 USD/ounce, at one point falling as low as 3,275 USD/ounce, gold prices rose again. By the evening of May 9, at 7:30 p.m. Vietnam time, gold prices on the international market jumped to 3,330 USD/ounce - a total increase of about 55 USD/ounce compared to the lowest level of the session.

Gold prices increased as the US dollar continued to maintain its high level. The US dollar index surpassed 100.3 points in the international market on the evening of May 9. Demand for investment in gold as a safe haven from both individual and institutional investors has pushed the price of this precious metal to increase again.

However, for many domestic investors, the sharp increase in the price of SJC gold bars at the end of the day went against their expectations. Because many investors were waiting for the gold price to drop to 110-115 million VND/tael to buy. However, the price of SJC gold bars continues to maintain at its historical peak, only a few million VND away from the record mark of 124-125 million VND/tael.