SJC gold price turns down, gold ring conquers new mark

April 10, 2024 - 12:16

On the day gold prices peaked, many gold shops in Hà Nội only sold a maximum of five taels, leading to people buying and selling hand to hand outside the store.

The price of gold rings increased at a dizzying speed, breaking all previous records. — Photo vietnamnet.vn

HÀ NỘI — After a hot session on Tuesday, SJC gold price turned down on Wednesday morning, while gold rings continue to set new peaks at VNĐ78 million (US$3,250).

At 9:30 am, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold at VNĐ81.8 million and VNĐ83.8 million per tael, respectively, both down VNĐ1 million per tael compared to Tuesday's closing session.

Bảo Tín Minh Châu decreased VNĐ150,000 per tael in buying, and VNĐ650,000 per tael in selling, trading at VNĐ82.05 million and VNĐ 83.85 million per tael, respectively.

At DOJI, the price reduction for SJC gold in the early morning was VNĐ900,000 per tael in buying and VNĐ800,000 per tael in selling, trading at VNĐ81.60 million and VNĐ 83.90 million per tael, respectively.

PNJ kept the buying price unchanged and reduced in the selling price by VNĐ800,000 per tael, trading at VNĐ81.90 million and 83.90 million per tael, respectively.

During the Tuesday trading session, the price of gold rings increased at breakneck speed, topping all previous records to reach VNĐ77.85 million per tael, an increase of more than VNĐ2 million per tael compared to the previous day.

On the day gold prices peaked, many gold shops in Hà Nội only sold a maximum of five taels, leading to people buying and selling hand to hand outside the stores.

Not only gold rings, SJC gold also continued to soared sharply to VNĐ2.4 million per tael and reached VNĐ84.8 million per tael, the highest level ever.

SJC gold prices at Bảo Tín Minh Châu Company Limited is traded at VNĐ82.20 million per tael for buying and VNĐ84.50 million per tael for selling.

At Bảo Tín Mạnh Hải, SJC gold bars are traded at VNĐ82.20 million per tael for buying and VNĐ84.70 million per tael for selling.

World gold prices also continue to increase in the context that central banks tend to net buy gold.

Gold's strong increase has surprised investors and experts. Despite the US dollars maintaining its strength, this precious metal continues to rise and seek new historical milestones. — VNS

Tags gold price

Domestic gold price soared 8% in Q1

In March, the price of SJC gold rose over 1.25 per cent.

Economy

Domestic gold price sets new record, fuelled by global trend

Domestic gold prices rallied on Thursday morning to set a new record at VNĐ81.25 (US$3,385.4) million per tael for SJC gold bars.

Economy

Many people buy gold on God of Wealth Day, gold prices down

According to the gold shops, on the day of the God of Wealth, plain round rings are the choice of most people because they are easy to trade and have low depreciation.

Economy

Domestic gold prices hit record-breaking VNĐ80 million per tael

The combination of decreased interest rates and the perception of gold as a safe investment increased demand for gold jewellery, and overall market uncertainty further contributed to the rising domestic gold price.

Economy

Gold price hit new record high at VNĐ74.4 million per tael

Opening the day, the domestic gold price continued to surge by VNĐ0.5-1 million per tael after the international gold price rose for the fourth consecutive session on Tuesday to hit a six-month high.

Conference promotes womens’ economic empowerment through partnership towards green growth

Economy

HCM City hosts international bakery exhibition

Economy

SIB Connect 2024 empowers social impact businesses for sustainable growth

Economy

ADB raises growth forecast for Việt Nam to 6.6 per cent in 2025

Economy

The first and most modern logistics park in Việt Nam is inaugurated

Economy

Food industry exhibition opens in HCM City

More on this story

Economy

Digital transformation plan of energy industry issued

The focus will also be on developing a synchronised information system for the energy industry, including gas and oil, petroleum, coal, electricity, renewable energy and new energies.

Economy

Bình Dương, UK cooperate in promoting green energy

Entitled Vietnam Intelligent Energy Trading Platform for Upscaling Local Energy Storage and EV (VIET PULSE), the project is intended to solve basic problems in using renewable energy in Việt Nam such as instability in energy supply to customers.

Economy

Hà Nội sees improved performance in hospitality market

The average room rate increased by 2 per cent quarter on quarter and 11 per cent year on year. Movenpick Hà Nội (four-star) recently resumed its operation after renovation, which supported this increase.

Economy

NA chairman meets with executives of large Chinese power, rare earth, economic groups

National Assembly Chairman Vương Đình Huệ received executives of large Chinese corporations and companies on April 9 in Beijing within the framework of his official visit to China.

Economy

Livestock product exports up in Q1

Import turnover of livestock products in the first quarter was estimated at about $702 million, down 6.7 per cent compared to the same period in 2023.

Economy

Zero-fee tactic empowers securities firms

More and more securities firms are aggressively lowering or even eliminating transaction fees in order to attract and retain customers.

Economy

MoST regulates criteria for traceability of products and goods

The circular takes effect on June 1 and includes five chapters and 14 articles.

Economy

Shares rebound but liquidity continues to decrease

Shares rebounded on Tuesday, propped up by growth of the banking, securities, retail and steel stocks.

Economy

Vietnam Airlines celebrates 30th anniversary of Vietnam-China service

Vietnam Airlines recently celebrated the 30-year anniversary of its first flight operation in China, marking a significant milestone in the airline's history.