At 11:30 a.m. on April 9, 2024, the domestic SJC gold price increased sharply, reaching its highest level ever. Saigon Jewelry Company Limited - SJC listed the SJC gold price at 81.2 million VND/tael for buying and 83.2 million VND/tael for selling. Compared to the early morning of the same day, the SJC gold price at this unit was adjusted up by 800,000 VND/tael for buying and up by 780,000 VND/tael for selling.

After a strong price increase in both buying and selling directions, the price difference between SJC gold at this unit is at 2 million VND/tael.

Not only gold bars, the price of gold rings is also listed by this unit at 73.25 million VND/tael for buying and 74.65 million VND/tael for selling. This is the highest price of gold rings ever.

Gold price listed at Saigon Jewelry Company Limited - SJC. Website screenshot at 11:30 on April 9, 2024

At the same time, Bao Tin Minh Chau listed the price of SJC gold at 81.05 - 82.95 million VND/tael for buying and selling. Compared to the early morning of the same day, the price of SJC gold here was adjusted up by 950,000 VND/tael for buying and up by 800,000 VND/tael for selling.

The difference in buying and selling price of SJC gold at this unit is currently at 1.9 million VND/tael.

Gold price listed at Bao Tin Minh Chau. Website screenshot at 11:30 on April 9, 2024

In general, from the beginning of April 2024 until now, the price of SJC gold has increased sharply, continuously setting records with new prices. Early morning of April 1, 2024, the price of SJC gold at Saigon Jewelry Company Limited - SJC was listed at 78.3 - 80.82 million VND/tael for buying and selling. As of noon today, the price of SJC gold at this unit has increased by 2.9 million VND/tael for buying and increased by 3 million VND/tael for selling. Domestic gold prices have increased sharply in recent days and are at an all-time high.

Domestic gold prices have increased sharply in recent days due to the influence of the world gold market. This morning, after a cooling session, world gold prices reversed and increased again, then jumped to a historic peak. Currently, this precious metal is trading at 2,341 USD/ounce, the highest level ever.

Analyzing the reasons for the sharp increase in domestic gold prices in recent days, experts said that there are many factors in the market supporting gold prices to exceed the peak, not only the demand for holding gold as a safe haven for individual investors but also the buying power from central banks of countries to supplement foreign exchange reserves.

While the price of gold is at its historical peak, many investors have taken advantage of the opportunity to take profits. Ms. Huong Lan (Cau Giay, Hanoi) said that today, hearing the news that the price of SJC gold has increased, she and her family decided to sell the gold for profit. "On the day of the God of Wealth 2024, my family bought some SJC gold to pray for good luck at the beginning of the year and to accumulate assets. I bought SJC gold from Bao Tin Minh Chau at that time for about 77.9 million VND/tael. If I sold it today at 81.05 million VND/tael, my family would have made a profit of more than 3.1 million VND per tael" - Ms. Huong Lan shared.

Unlike Ms. Lan and other investors, many people decided to "take advantage of the peak", willing to deposit money first and get gold later because the store did not have any available goods. Ms. Nguyen Vy (Thanh Xuan, Hanoi), in recent days, domestic and world gold prices have increased, and the upward trend is also forecast to continue. "I put money into buying gold rings with the expectation that the price of gold will continue to increase in the near future" - Ms. Nguyen Vy is optimistic and said that she has invested more than 3 taels of 9999 gold rings.

Gold prices are high, many people "buy at the top" with the hope that gold prices will continue to increase.

Giving advice to investors, some domestic economic experts recommend that investors should be cautious when investing in gold at this time because the gold market is unpredictable; the current gap in domestic gold prices is at a high level, pushing risks towards investors.

Experts especially note that investors should not be hasty and put all their money and assets into gold at this time, because the price of gold increases quickly but also decreases very quickly. In the context of the gold price being at its peak, absolutely do not borrow money to buy gold for investment. In the event that the gold price suddenly drops, investors will face the risk of loss and the pressure of repaying debts.

Bao Tin Minh Chau representative recommends that investors and people should follow information about the gold market from official channels; closely follow the management instructions from the Government, the State Bank and the latest developments from the market to make the right investment decisions.