Gold rings set a new record, 4 million VND/tael higher than the world price

The price of SJC gold bars increased by 300,000 VND per tael in the early afternoon of February 1. Saigon Jewelry Company - SJC bought 76 million VND, sold 78.3 million VND; Doji Group bought 75.85 million VND, sold 78.25 million VND; Eximbank bought 75.8 million VND, sold 77.8 million VND... The price of gold rings increased by 150,000 VND per tael. SJC Company bought 63.15 million VND, sold 64.45 million VND. The highest price of gold rings on the market belongs to Bao Tin Minh Chau Company with the price of 64.38 million VND, sold 65.58 million VND. Doji Group sold at 65.15 million VND, bought 63.95 million VND...

Precious metals on the international market also increased by 1 USD/ounce, to 2,041 USD/ounce. The world gold price increased by 16 USD/ounce (equivalent to 470,000 VND/tael) within 3 days, but the price of SJC gold bars increased to 1.6 million VND/tael. The rapid increase in domestic gold prices in the days leading up to the increasingly expensive price. SJC gold bars were 17.9 million VND/tael higher than the world price, and gold rings were 4.05 million VND/tael higher - this is the highest price ever for gold rings.

Explaining the high domestic price, Mr. Nguyen Ngoc Trong - Director of New Partner Gold Company said that the world price has been increasing steadily, the upward trend is dominant after the tense war information and the more optimistic US economy . In addition, the demand for buying and storing gold in the country has increased to wait for the sale on God of Fortune Day (10th day of Lunar New Year) in the condition of low supply. Moreover, the habit of gold shops to push up prices before God of Fortune Day has also contributed to the price increase.