SJC gold bars set a record of nearly 86 million VND

Gold bar price hits historic peak, about to reach 86 million VND/tael

Opening on the morning of May 3, the price of SJC gold bars was almost the same as yesterday. However, the closer to noon, the faster the price of gold bars increased.

At 11:30, Saigon Jewelry Company (SJC) raised the buying and selling price of gold bars to 83.5 - 85.8 million VND, 700,000 VND higher per tael than yesterday. This is the record high price of SJC gold bars ever.

At the same time, the price of gold bars traded at other business units increased with a lower amplitude. DOJI Gold and Gemstone Group listed the price of gold bars at 82.8 - 85 million VND. Meanwhile, at Phu Nhuan Jewelry Company (PNJ), each tael of gold was announced at 82.9 - 85.2 million VND.

Gold bar auctions are a solution proposed by the State Bank with the hope of increasing supply and thereby reducing the gap between gold bar prices and the world. However, the new phase auctions have been repeatedly canceled or "unsold". This morning, the 4th auction was also canceled because only one unit voted to bid.

The goal of narrowing the price of gold bars and international prices in the short term is also challenged. In the past two weeks, the price of gold bars in the country has been moving in the opposite direction to the world.

While precious metals on the international market have been on a downward trend over the past 24 hours, domestic gold bars have set a new record and widened the gap with the world.

At 11:30 a.m. Hanoi time, the world gold price was around 2,305 USD per ounce, converted according to Vietcombank's selling rate, equivalent to 70.7 million VND per tael. Accordingly, each tael of domestic gold bars is currently 15 million VND higher than the international price. Meanwhile, domestic gold rings maintain a difference of 4-5 million VND compared to the world price.

University (according to VnExpress)

Source: https://baohaiduong.vn/vang-mieng-sjc-lap-ky-luc-gan-86-trieu-dong-380614.html