9999 ring on October 9: How much money did gold ring investors lose after the decline of world gold?

Summary World gold dropped sharply, leading to a massive loss of value of domestic gold rings today. In today's downtrend, some businesses have moved to increase the buy-sell gap. After 1 night, gold ring investors lost more than 1 million VND per tael. Content World gold has just experienced a sharp decline, followed by domestic gold rings also simultaneously adjusting downward. Notably, some businesses adjusted their buying prices to decrease more sharply than their selling prices, causing the buying-selling difference to increase. However, the increase is not too strong, the buy-sell difference is generally around the 1 million VND mark. Updated at 11:30 a.m. on October 9, SJC gold rings listed buying and selling transactions at 81.80 - 83.10 million VND/tael, down 200,000 VND/tael for buying and selling compared to the closing price of October 8. At Bao Tin Minh Chau , the buying price recorded a decrease of 300,000 VND, the selling price decreased less at 200,000 VND/tael compared to the closing session on Tuesday, the buying - selling transaction decreased to 82.38 - 83.38 million VND/tael. Phu Quy adjusted the buying and selling prices down by 250,000 and 200,000 VND/tael respectively compared to the end of yesterday, the buying and selling transaction currently stands at 82.45 - 83.40 million VND/tael. Reducing 300,000 VND/tael of buying and 200,000 VND/tael of selling compared to the close of the previous session, the Doji ring brought the buying - selling transaction back to the threshold of 82.40 - 83.40 million VND/tael. At VietNamgold , the buying and selling price of gold rings decreased by 250,000 VND/tael compared to the previous closing session, trading back to 82.10 - 83.10 million VND/tael. Passing the peak of more than 4 months at the mark of 85 million VND/tael, SJC gold bars are currently 1.6 million VND higher than gold rings, an increase of 200,000 VND compared to yesterday. At the same time, the world gold price was trading at 2,617 USD/ounce - the lowest in more than half a month. Converted at the exchange rate on the free market (25,360 USD/ounce), the gold price reached 80.9 million VND/tael (including taxes and fees), 2.5 million VND lower than gold rings - an increase of 500,000 VND compared to Yesterday. In the context of a sharp decline in world gold prices, domestic gold ring prices also adjusted according to this trend. However, the decrease in domestic gold rings is less than that in the world, because in addition to the impact from the international market, it also depends on domestic factors, causing the difference between the two markets to increase significantly. In particular, high demand for gold during the wedding season and after the recent price increase has contributed to keeping gold ring prices from falling too deeply. With the decline of nearly half a million VND today plus the difference in buying and selling, people holding gold rings recorded a loss of about 1.2-1.5 million VND per tael overnight. However, for investors with long-term accumulation strategies, there is no need to worry too much about these short-term fluctuations. The price adjustment can be seen as an opportunity to buy at a more attractive price, in the context that gold's long-term prospects are still assessed positively by many factors such as the reduction of interest rates by central banks. great crisis and economic and political instability.

9999 ring on October 9: How much money did gold ring investors lose after the decline of world gold?

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Exchange rate on October 9: Free USD climbed to a peak in more than 1 month, commercial banks fluctuated above the 25,000 VND mark

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