The price of SJC gold at businesses at noon on May 20 increased rapidly. Currently, the price of this gold brand is listed by Phu Nhuan Jewelry Company at 88.50 - 90.50 million VND/tael, an increase of 550 thousand VND/tael for buying and 350 thousand VND/tael for selling compared to yesterday's trading session.

The price of SJC gold bars at Phu Quy Group is traded at around 88.40 - 90.40 million VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.

SJC gold price listed by Bao Tin Minh Chau Company is around 88.70 - 90.40 million VND/tael, an increase of 550 thousand VND/tael for buying and 300 thousand VND/tael for selling compared to yesterday.

Gold price increased by 600 thousand VND in the buying direction, 999.9 gold ring reached nearly 78 million VND/tael

SJC gold price listed by Bao Tin Manh Hai Company is around 89.20 - 90.60 million VND/tael, an increase of 200 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to yesterday.

Along with the increase in SJC gold price, the price of 999.9 gold rings also increased with prices depending on each enterprise. Specifically, the price of 999.9 gold rings (24k), Thang Long gold dragon gold bars, and plain round rings at Bao Tin Minh Chau Company is currently trading at 76.13 - 77.63 million VND/tael for buying - selling, an increase of 410 thousand VND/tael for buying and 510 thousand VND/tael for selling compared to yesterday.

Gold price traded at Bao Tin Manh Hai

Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings of Bao Tin Manh Hai Company are currently trading at 76.13 - 77.63 million VND/tael for buying and selling, down 450 thousand VND/tael for buying and down 500 thousand VND/tael for selling compared to yesterday.

The price of Phu Quy 999.9 round gold ring and Phu Quy 1 tael 999.9 of Phu Quy Group is trading around 76.10 - 77.60 million VND/tael; an increase of 350 thousand VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.

Gold price traded at Phu Quy Group

PNJ 999.9 Plain Ring, Kim Bao 999.9 Gold, Phuc Loc Tai 999.9 Gold of Phu Nhuan Group traded around 75.70-77.60 million VND/tael, an increase of 300 thousand VND/tael for both buying and selling compared to yesterday.

On the world market, the price of gold on Kitco this morning was at 2,434 USD/ounce. According to the conversion, the price of gold bars is 15.2 million VND/tael higher than the world price, the price of gold rings is 2 million VND/tael higher than the world price.

World gold price chart this afternoon

Gold futures for June 2024 delivery on the Comex New York floor increased by 31.9 USD, equivalent to 1.34%, to 2,417.4 USD/ounce.

Gold has had a strong week. Marc Chandler, CEO of Bannockburn Global Forex, sees evidence that gold is a bit overvalued after last week’s breakout.

“Gold has reclaimed the $2,400 level and is poised to close at a record high (spot market). Momentum indicators suggest the yellow metal could challenge the record $2,431.50 an ounce set in April 2024,” he said.

Sean Lusk, co-director of commercial hedging at Walsh Trading, watched the entire commodity complex “burn” on Friday, with precious metals leading the way. “ Gold is at $2,410 an ounce and we’re back to the highs ,” he noted.