SJC gold bar price surpasses 134 million VND/tael for the first time despite world price decrease

The series of rising days of domestic gold prices continued when this morning the price of the precious metal increased by another 500,000 VND/tael, to 134.4 million VND/tael - the highest level ever.

Opening the market, Saigon Jewelry Company Limited listed the price of 1-5 tael gold rings at 126.7 million VND/tael (buy) - 129.2 million VND/tael (sell), an increase of 500,000 VND/tael each way compared to the end of yesterday.

Phu Quy Group increased by 400,000 VND/tael each way, to 126.5 million VND/tael (buy) - 129.5 million VND/tael (sell).

Domestic gold prices continue to increase. Photo: HT

In the same trend, Bao Tin Minh Chau Company Limited set the price at 126.8 million VND/tael (buy) - 129.8 million VND/tael (sell) instead of the previous 126.5 million VND/tael (buy) - 129.5 million VND/tael (sell).

For SJC gold bars, gold trading enterprises listed the price at 132.9 million VND/tael (buy) - 134.4 million VND/tael (sell), an increase of 500,000 VND/tael each way.

Thus, the price of SJC gold bars and gold rings both reached new peaks, respectively 134.4 million VND/tael and 129.8 million VND/tael.

The domestic gold price continues to rise despite the world price of precious metals falling. The reason is that the domestic demand for gold is very high but the supply is limited. In the past few days, when the gold price continuously reached new peaks, many people lined up to buy gold, causing the price to increase even higher.

Experts say that gold prices are fluctuating strongly, with a large difference compared to the world market. Therefore, investors need to be careful to avoid risks, especially in the coming time when gold supply will improve.

In the international market, early this morning, the world gold price was trading at 3,541 USD/ounce, down 22 USD compared to the same price the previous day in the context of investors stepping up profit-taking after prices continuously increased in previous sessions.

At nearly 9:00 a.m., the gold price was 3,555.6 USD/ounce, converted to about 21.8 million VND/tael lower than the domestic gold price.

Source: https://hanoimoi.vn/gia-vang-mieng-sjc-lan-dau-vuot-moc-134-trieu-dong-luong-du-gia-the-gioi-giam-715173.html