Summary
- After the sell-off session, the domestic gold ring market today increased sharply from 1-2.4 million VND/tael.
- The increasing momentum was stronger on the buying side, the buying and selling amplitude decreased in many units.
- Exceeding 85 million VND, ring gold is currently more than 1 million VND lower than gold bars and nearly half a million VND higher than world gold.
Content
At the end of the session on November 7, gold rings recorded a decrease of more than 6 million VND per tael – the sharpest decrease of the year. The world gold price plummeted, combined with investor sell-off, the domestic gold price plummeted and the buying-selling gap also escalated.
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