SJC gold bar price is the highest ever – Photo: NGOC PHUONG
Compared to the end of yesterday, the price of SJC gold bars increased by 800,000 VND/tael.
At 3:00 p.m. this afternoon, the world gold price was at 2,344.8 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 71.96 million VND/tael.
Compared to yesterday afternoon, the world gold price only increased by about 28 USD/ounce, equivalent to 860,000 VND/tael. The current world gold price is also 55 USD/ounce lower than the peak established on April 12, but the price of SJC gold bars has reached a new record.
This afternoon, SJC Company listed the selling price of gold bars at 85.1 million VND/tael, buying 82.9 million VND/tael.
Gold shops listed it at 84.4 million VND/tael, buying at 83.2 million VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 13.14 million VND/tael higher.
Meanwhile, at the end of last week, before the State Bank of Vietnam auctioned gold, the difference was 10.53 million VND/tael.
Thus, after the auction, the difference between the price of SJC gold bars and the converted world gold price did not decrease but increased.
The price of 9999 gold ring sold this afternoon at SJC Company was 75.3 million VND/tael, buying was 73.6 million VND/tael.
At DOJI Company, the selling price of 9999 gold rings is 76.4 million VND/tael, buying is 74.75 million VND/tael.
At Bao Tin Minh Chau Company, the selling price of 9999 gold ring is 76.08 million VND/tael, buying price is 74.48 million VND/tael.
Compared to the converted world gold price, the price of gold rings is 3.34 – 4.44 million VND/tael higher.
Mr. Nguyen Ngoc Trong, director of New Partner Gold Company (NPJ), said that the price of SJC gold bars was pushed up due to a combination of many factors: low supply, before the holiday season and the scarce supply of plain rings because It’s peak inspection period, so units don’t dare to buy gold sources floating on the market to make plain rings like before.
The scarcity of plain rings is also one of the factors pushing up the price of SJC gold bars.
In addition, the increase in the supply of gold bars to the market has not been as expected, because after 3 gold auction sessions, two sessions were canceled due to too few members participating in the bidding. In the auction on April 23, only two units won the bid with a total volume of 3,400 taels of gold.
