The price of 9999 gold rings has continuously increased since the beginning of the year - Photo: PHUONG QUYEN
The price of 9999 gold rings is constantly increasing.
At the end of today, the world gold price increased to 2,521.6 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 75.17 million VND/tael.
SJC Company listed the selling price of SJC gold bars at 80.5 million VND/tael, buying price at 78.5 million VND/tael. This price has been maintained for many days.
Meanwhile, the selling price of gold rings at SJC Company increased slightly, to 78.65 million VND/tael.
Bao Tin Minh Chau Company listed the selling price of 9999 gold rings at 78.63 million VND/tael, buying at 77.48 million VND/tael.
Meanwhile, DOJI Company listed the buying and selling price of gold rings at 77.5 - 78.65 million VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 5.33 million VND/tael higher while the price of 9999 gold rings is 3.48 million VND/tael higher.
Thus, compared to the price of 9999 gold rings at SJC Company at the beginning of this year, which was 61.85 million VND/tael - 62.95 million VND/tael (buy - sell), buyers of gold rings from the beginning of the year until now have "profited" up to 15.7 million VND/tael.
If calculated from the beginning of 2023 until now, people who bought gold rings and kept them until now have made a total profit of 23.7 million VND/tael.
For gold bar buyers, the profit can be higher if they close their profits in May 2024, when the selling price of SJC gold bars reaches VND92.4 million/tael, and the buying price is VND90 million/tael.
If you buy SJC gold bars at the beginning of the year and keep them until now, you will only make a profit of 6.5 million VND/tael because at the beginning of this year, the listed selling price of gold bars at SJC Company was 74 million VND/tael, and the purchase price was 71 million VND/tael.
What do experts predict about gold prices?
Mr. Heng Koon How - Head of Market Strategy, Global Economics and Market Research, UOB - predicts that gold will remain a stable haven.
“Gold prices are still hovering around $2,500 an ounce, showing bright potential and gold prices could rise to $2,700 an ounce by mid-2025.
The two main factors driving gold prices higher are safe-haven demand amid geopolitical uncertainty and aggressive central bank buying. Expected global interest rate cuts are the third factor driving demand for gold in the coming months.
The main motivation for investors to allocate long-term is because gold is a very strong portfolio diversifier and a relatively stable shelter during the recent strong volatility in the global market," Mr. Heng Koon How analyzed.
Source: https://tuoitre.vn/gia-vang-nhan-tang-ca-16-trieu-dong-luong-trong-8-thang-qua-20240911191814448.htm
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