SJC gold bars increased by 2 million per tael to 120 million VND, a difference of nearly 15 million VND compared to the world price .
On the morning of April 18, Saigon Jewelry Company (SJC) listed gold price piece at 117 - 120 million VND, an increase of 1.5 million VND for buying and 2 million VND for selling compared to the end of yesterday. Other brands also raised the price of this type of gold accordingly, but the supply on the market is very scarce. The difference between buying and selling prices is currently around 3 million VND per tael.
At the same time, SJC kept the buying and selling price of plain rings at 114 - 117 million VND per tael. Meanwhile, Bao Tin Minh Chau sharply increased the buying and selling price of plain rings to 116.5 - 119.5 million.
Precious metals on the international market have also continuously reached new peaks, but domestic gold prices are increasing at a faster and stronger amplitude. Each ounce of gold is about 3,350 USD per ounce, converted according to Vietcombank's selling rate, equivalent to 105.4 million VND per tael.
Accordingly, the difference between domestic and world gold prices is now over 14.5 million VND per tael. Thus, after nearly a year since the State Bank "fixed" the price of gold bars on the market, by selling intervention to 4 state-owned banks and SJC, the difference between gold prices and world prices has returned to the previous level.
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