Following the world trend

At the end of today, the price of SJC gold bars was at 2,423.7 USD/ounce. Although slightly down from yesterday's peak, it increased by about 42 USD/ounce compared to two days ago.

Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 73.84 million VND/tael.

According to records, today the price of 9999 gold rings also increased sharply following the increase in world gold prices.

At SJC Company, the selling price of 9999 gold rings is 77.5 million VND/tael, buying price is 76.15 million VND/tael, an increase of 250,000 VND/tael for selling and 200,000 VND/tael for buying.

Bao Tin Minh Chau Company also increased the selling price of 9999 gold rings to 77.48 million VND/tael, buying price to 76.28 million VND/tael, an increase of 250,000 VND/tael compared to yesterday.

Meanwhile, DOJI Company listed the buying and selling price of gold rings at 76.25 - 77.5 million VND/tael.

Compared to the converted world gold price, the selling price of 9999 gold rings is about 3.66 million VND/tael higher.

SJC gold bar price is 4.66 million VND/tael higher than world gold price

Meanwhile, the selling price of SJC gold bars today is 78.5 million VND/tael, buying price is 76.5 million VND/tael. This price is about 4.66 million VND/tael higher than the converted world gold price.

Thus, the current price of 9999 gold rings is only 1 million VND/tael lower than the price of SJC gold bars.

World gold prices rebounded due to safe-haven demand and growing expectations that the US Federal Reserve (Fed) will cut interest rates next September.

In addition, gold prices are benefiting from investors shifting money from risky assets such as stocks to safe assets such as gold.

In case the Fed cuts interest rates strongly, world gold prices will increase further.