Dizzy with the rising momentum of ring gold, approaching the mark of 82 million VND and forecast to continue to increase

World gold has reached a new peak of nearly 2,640 USD/ounce. Encouraged by the world, gold rings have had an unimpressive performance with unbelievably high prices. The strong increase makes gold rings more attractive, but businesses still maintain a stable buying and selling margin. Content Updated at 11:30 a.m. on September 24, SJC Gold Rings listed buying and selling transactions at 80.00 - 80.30 million VND/tael, an increase of 500,000 VND/tael for buying and selling compared to the closing price of September 23. Bao Tin Minh Chau adjusted the buying and selling prices to increase by 400,000 VND/tael compared to Monday's closing session, the transaction currently stands at 80.48 - 81.58 million VND/tael. Increasing 400,000 VND/tael in both buying and selling directions compared to yesterday's closing session, Phu Quy rings pushed the transaction to 80.50 - 81.60 million VND/tael. Also recording an increase of 400,000 VND/tael in both buying and selling directions compared to the closing price of the previous session, the Doji ring pushed the buying and selling price to 80.50 - 81.60 million VND/tael. With an increase of 400,000 VND/tael purchased and 500,000 VND/tael sold, VietNamgold rings brought the buying price to 80.40, the selling price reached 81.75 million VND/tael. An increase of 1.5 million VND, S JC gold bars are priced at 83.5 million VND - the highest since June 3, 1.75 million VND higher than the current peak of the gold ring market, a sharp increase compared to the gap 900,000 VND yesterday. With a record of 2,638 USD, world gold converted at the exchange rate on the free market (25,070 USD/ounce) reached 80.6 million VND/tael (including taxes and fees), 1.1 million lower than gold rings – an increase of nearly 400,000 VND compared to yesterday's session. Despite strong and continuous fluctuations recently, the gold ring market still keeps the buying and selling difference quite stable. Currently, the difference is at 1-1.35 million VND and is commonly at 1.1 million VND. Facing the rising price of world gold prices and domestic gold ring prices, economic experts analyzed and commented that world gold prices are affected by many factors in the world financial market. The US Federal Reserve Bank (Fed) has officially reduced interest rates by 0.5% after many years of raising interest rates to fight inflation. The Fed's interest rate reduction has pushed up gold prices. Meanwhile, the USD Index is also at a stagnant level. Because the value of the dollar decreased, the price of gold increased. It is forecasted that world gold prices will continue to increase this year and next year. By 2025, gold prices could reach 3,000 USD/ounce. If that happens, the domestic gold price will also be affected. If gold bar prices are still controlled, gold ring prices will increase sharply at the end of the year and into next year.

Dizzy with the rising momentum of ring gold, approaching the mark of 82 million VND and forecast to continue to increase

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Gold price list 24/9: A sharp increase, SJC jumped to 83.5 million VND – a peak of nearly 4 months

Exchange rate session September 24: Central exchange rate increased by 20 VND, Japanese yen struggled narrowly

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