Gold price list October 31: Latest move of the Big4 group after SJC's soaring momentum

Gold bars at major gold enterprises this morning all went sideways after an increase of 1 million VND yesterday, October 30. Although slower, gold prices at state-owned commercial banks this morning also started to adjust the selling price of gold bars to follow the general market. After an increase of 1 million VND per tael in the afternoon session of October 30 to 90 million VND - the highest since May 30, 2024, gold bars at gold businesses this morning moved sideways in the context of world gold prices maintaining near the peak of 2,790 USD/ounce. Updated at 9:30 a.m. on October 31, gold bars at SJC Ho Chi Minh listed buying and selling transactions at 88.00 - 90.00 million VND/tael, buying and selling prices remained unchanged compared to the closing on October 30. Similarly, Doji and Bao Tin Minh Chau also anchored the buying and selling price this morning at 88.00 - 90.00 million VND/tael, unchanged from yesterday's closing price. Sharing the same situation, Phu Quy currently pegs the buying and selling price of gold bars at 88.30 - 90.00 million VND/tael, equal to the closing price of Wednesday's session. [caption id="attachment_2741" align="aligncenter" width="988"] SJC gold bar price list on the morning of October 31[/caption] The afternoon session on October 30 - recorded the first session since June 4 - one day after the State Bank launched "stabilized" gold sales, SJC gold bars had price adjustment action in the afternoon session. As in previous sessions, price adjustments of SJC gold bars only appeared in the morning session, followed by Big4 banks will also increase/decrease in sync with the general market. However, in yesterday's session, with the adjustment action in the afternoon session of gold bars, Big 4 banks stood out of the trend and as of this morning, October 31, while gold businesses remained stable after the increase, the price Gold bars in the Big4 group have just begun to move up. Currently, with an increase of 1 million VND/tael after 8 consecutive sideways days, the selling price of gold bars at state-owned commercial banks reached 90 million VND/tael. In general, although it may fluctuate more slowly, under the management of the State Bank, gold bar prices at businesses will still maintain synchronization with the general market trend. At the same time, the world gold price was trading at 2789 USD/ounce, the converted price plus taxes and fees reached 87.57 million VND/tael, the difference with SJC gold bars increased by more than 800,000 VND compared to yesterday morning, up 2.43 million VND.

Gold price list October 31: Latest move of the Big4 group after SJC’s soaring momentum

Gold bars at major gold enterprises this morning all went sideways after an increase of 1 million VND yesterday, October 30. Although slower, gold prices at state-owned commercial banks this morning also started to adjust the selling price of gold bars to follow the general market.

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