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Gold ring prices shoot up

The Saigon Times

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HCMC – The local price of 24K gold rings shot up to a record high of more than VND72 million this morning, April 4, according to local media.

Saigon Jewelry Company (SJC) in HCMC today quoted its gold rings at VND70.8 million for buying and VND72.05 million for selling, up by VND500,000 against yesterday.

Bao Tin Minh Chau in Hanoi listed its gold ring buying price at VND71.1 million and its selling price at VND72.3 million.

Following the global trend, the local prices of gold bars also increased strongly and approached the threshold of VND82 million per tael. A tael equals 37.5 grams or 1.2 troy ounces.

SJC raised its gold bar price by VND600,000 to VND79.7 million for buying and VND81.7 million for selling. Meanwhile, DOJI gold bars were capped at VND79.4 million and VND81.6 million per tael.

Since the beginning of the year, the gold ring price has increased by over VND9 million per tael to its highest-ever price range, while gold bars have shot up by nearly VND8 million per tael.

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