At the beginning of today's trading session, Bao Tin Minh Chau Company increased the price of Thang Long Dragon Gold Rings to 76.22-77.52 million VND/tael (buy - sell). Compared to the closing price of yesterday's trading session, the price of Thang Long Dragon Gold Rings this morning increased by 540 thousand VND/tael in both buying and selling directions.

Similarly, Doji Gold and Gemstone Group also raised the price of 9999 round gold rings to 76.55-77.8 million VND/tael (buy - sell) early this morning, an increase of 350 thousand VND in both buying and selling compared to the close of yesterday's session.

Meanwhile, Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 75.45-76.85 million VND/tael (buy - sell), 300 thousand VND/tael more expensive for buying and 200 thousand VND/tael more expensive for selling compared to the closing price yesterday.

The price of gold rings at Phu Nhuan Jewelry Joint Stock Company (PNJ) opened today's trading session at 75.5-76.9 million VND/tael, an increase of 350 thousand VND/tael in buying and 300 thousand VND/tael in selling compared to the closing price the previous day.

Nguyen Hue yellow wine 2882 1104.jpg
Gold ring prices increase. Photo: Nguyen Hue

Notably, after many days of "stasis", the price of SJC gold bars has been adjusted up by businesses in the buying direction while remaining unchanged in the selling direction.

At Doji, the price of SJC gold bars today is listed at 75.5-76.98 million VND/tael (buy - sell), an increase of 520 thousand VND/tael in buying and unchanged in selling compared to the close of yesterday's session.

Meanwhile, other large gold businesses such as SJC and PNJ have raised their buying price from VND74.98 million/tael to VND75.48 million/tael while keeping the selling price at VND76.98 million/tael from the trading session last weekend.

It can be seen that the price of gold rings at some brands is significantly higher than the price of gold bars.

At Doji, the price of plain round gold rings is 1.05 million VND/tael more expensive than the price of SJC gold bars for buying and 820 thousand VND/tael more expensive for selling.

At Bao Tin Minh Chau, the price of this brand's plain round gold rings is 340 thousand VND/tael more expensive than the price of SJC gold bars for buying and 540 thousand VND/tael more expensive for selling.

At SJC, the price of gold rings is currently only 30 thousand VND/tael lower than the price of gold bars of this brand in the buying direction and 130 thousand VND/tael lower in the selling direction.

At PNJ, the price of gold rings is 20 thousand VND/tael higher for buying and only 80 thousand VND/tael lower for selling compared to SJC gold bars.

On the international market , the price of gold on the night of July 15 increased to 2,435 USD/ounce, only 5 USD away from the all-time peak set on May 20.

The market is increasingly expecting the US Federal Reserve (Fed) to cut interest rates from September, thereby creating momentum for gold to increase.

As of 10:43 a.m. on July 16 (Vietnam time), the gold price fell to 2,427 USD/ounce. Converted according to the VND/USD exchange rate at Vietcombank , the international gold price is equivalent to about 74.5 million VND/tael, excluding taxes and fees.

The world gold price is currently 2.48 million VND lower than the price of SJC gold bars and 2.35 million VND lower than the price of SJC gold rings.

Gold price today July 15, 2024 at the peak, gold rings and gold bars are still quiet. Gold price today July 15, 2024 in the world decreased slightly but remained at a high level in the context of many supportive information. Domestic SJC gold bars and gold rings prices were quiet at the beginning of the week.