On the morning of July 19, the price of SJC gold bars listed by companies was 119.5 million VND/tael for buying and 121 million VND/tael for selling, an increase of 400,000 VND/tael compared to yesterday.
Meanwhile, the price of 99.99% gold rings and jewelry gold also increased to 114.7 million VND/tael for buying and 117.6 million VND/tael for selling, 800,000 VND/tael higher than yesterday.
The price of gold rings unexpectedly increased more than SJC gold bars. However, each tael of 99.99 gold rings is still about 3.4 million VND/tael lower than SJC gold bars.
Gold prices rose again after many days of stagnation, amid strong fluctuations in world gold prices. At the end of the week, world gold prices closed the trading week at 3,350 USD/ounce, up more than 10 USD/ounce compared to the previous session.
SJC gold bar price increased lower than gold ring price this morning
Gold prices rose again despite the continued rise of the USD. The USD index in the international market continued to maintain above the 98.4 point mark; while the gold price remained above the 3,300 USD/ounce mark.
According to the World Gold Council (WGC), the world gold price may continue to fluctuate within the current range in the second half of 2025, but the possibility of a further 5% increase in gold prices is not ruled out. If this scenario occurs, by the end of this year, the gold price could increase by a total of 30% compared to last year.
"The strong growth momentum of gold prices in the first half of this year was driven by factors such as a weaker US dollar and geopolitical instability in some regions," the WGC report said.
Currently converted at the listed exchange rate, the world gold price is about 106.4 million VND/tael, continuing to be about 14 million VND/tael lower than SJC gold bars.
Source: https://nld.com.vn/gia-vang-nhan-9999-bat-ngo-tang-manh-196250719091844454.htm
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