Domestic gold ring prices today (May 2) simultaneously dropped sharply, reaching the mark of 75 million VND/tael. Some brands decreased by more than 1 million VND per tael compared to last week’s closing level.
Specifically, late this afternoon, Doji Jewelry Group listed gold ring price 9999 at 73.75-75.35 million VND/tael (buy – sell). Compared to the end of last week’s trading session, the price of plain round gold rings at Doji today decreased by 1.25 million VND/tael on the buying side and decreased by 1.35 million VND/tael on the selling side.
Similarly, the price of gold rings of other brands also decreased quite sharply.
Saigon Jewelry Company Limited (SJC) late this afternoon listed the price of 9999 gold rings, types 1-5, only in Ho Chi Minh City at 73.25-74.95 million VND/tael (buy – sell) , down 550 thousand VND/tael both ways compared to the closing level before the holiday of April 30-May 1.
The price of gold rings dropped sharply. Photo: Minh Hien
The price of gold rings at Phu Nhuan Jewelry Joint Stock Company (PNJ) also decreased by 400 thousand VND/tael in both buying and selling directions compared to the end of last week’s trading session, this afternoon it was traded at a price of 73.4 -75.2 million VND/tael.
Bao Tin Minh Chau Company bought and sold Thang Long dragon gold plain round gold rings late this afternoon at 73.58-75.18 million VND/tael (buy – sell), down 200 thousand VND/tael in both buying and selling direction compared to yesterday’s closing level.
Meanwhile, gold bar price SJC, after falling sharply in the early morning, turned up, anchoring around the peak of 85 million VND/tael (sold).
Early this morning, the price of gold bars at SJC decreased by 500 thousand VND/tael in both buying and selling compared to the end of last week’s trading session, reaching 84.7 million VND/tael (sold). After that, the price of gold bars at SJC reversed and increased by 400 thousand VND/tael in both directions.
SJC gold bar price listed at the end of the session was at 82.9-85.1 million VND/tael (buy – sell), down slightly by 100 thousand VND in both directions compared to last week’s closing level.
Meanwhile, the price of gold bars at Doji increased by 200 thousand VND/tael in both buying and selling directions compared to the closing session last weekend when in Ho Chi Minh City it was listed at 82.8-85 million VND/tael (buying). – sell).
World gold price After increasing sharply in the morning, it cooled down in the afternoon. At 4:35 p.m. on May 2 (Vietnam time), the world spot gold price was at 2,298.9 USD/ounce, down 25.9 USD/ounce compared to early morning.
Converted at the current exchange rate at Vietcombank, world gold costs more than 70.54 million VND/tael (excluding taxes and fees).
Compared to world gold prices, each tael of SJC gold bars is still about 13.46 million VND more expensive and the price of SJC gold rings is 4.41 million VND higher.
