Each tael of gold ring increased by more than half a million dong right after the Lunar New Year holiday and is near the peak of 89 million dong.
On the morning of February 3, Saigon Jewelry Company (SJC) listed gold price Rings cost 87 - 88.7 million VND per tael, 700,000 VND higher than before Tet. Meanwhile, at DOJI Gold and Gemstone Group, plain rings cost 87.6 - 89 million VND per tael. Phu Nhuan Jewelry Company (PNJ) announced the price of plain rings at 87 - 88.7 million VND.
At the same time, the price of gold bars at SJC also increased to 87.3 - 89.3 million VND, an increase of 500,000 VND per tael compared to before the Lunar New Year holiday. State-owned banks also raised the selling price of gold bars to the market to 89.3 million VND per tael.
Domestic gold prices have increased amid the sharp increase in precious metals on the international market in recent days, setting new records. On January 31, the world gold price peaked at 2,815 USD per ounce before cooling down to 2,780 USD.
Converted according to Vietcombank's selling rate, the world gold price this morning is equivalent to 85.4 million VND per tael. The difference between domestic and world gold prices is currently around 3.5 - 4 million VND per tael.
This morning, the domestic USD price also increased sharply. Vietcombank raised the USD buying and selling price to 25,090 - 25,480 VND, an increase of 180 VND compared to before Tet. The US dollar price on the black market is trading around 24,450 - 25,550 VND.
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