Gold Ring 9999 October 4: Record high and notable actions from gold houses

Summary The gold ring market fluctuates strongly, today's buying and selling prices both have new records. The common buying - selling amplitude is below the 1 million VND mark. Gold rings are currently only 400,000 VND cheaper than gold bars. The difference with world gold prices decreased sharply due to exchange rate factors. Content After returning to a record peak of 83.5 million VND yesterday on October 3, gold rings sold today continue to conquer a new record with a price of 83.6 million VND/tael and currently only 400,000 lower than SJC gold bars. copper. On the buying afternoon, today's gold ring price reached 82.9 million VND/tael, surpassing the peak of 82.75 million VND set at the end of last week. Compared to the purchase price of 82 million VND of SJC gold bars, the purchased gold ring is 900,000 VND higher. This shows that holders of gold rings have an advantage over investing in gold bars. Updated at 11:30 on October 4, SJC gold rings listed buying and selling transactions at 81.90 - 83.20 million VND/tael, buying price increased by 300,000 VND, selling price increased by 200,000 VND/tael compared to the end of the day Yesterday. At Bao Tin Minh Chau , buying increased by 200,000 VND, selling increased by 100,000 VND/tael compared to yesterday's close, to 82.68 - 83.58 million VND/tael. Phu Quy adjusted the buying price of gold rings to increase by 250,000 VND and the selling price increased by 100,000 VND/tael compared to Thursday's closing session, the buying - selling transaction currently stands at 82.70 - 83.60 million VND/tael. Doji rings recorded an increase of 400,000 VND/tael for buying and only an increase of 100,000 VND/tael for selling, buying and selling transactions reached 82.90 - 83.60 million VND/tael. VietNamgold rings were adjusted to increase by 150,000 VND/tael for buying and 250,000 VND/tael for selling compared to the closing session on October 3, the buying - selling transaction currently stands at 82.55 - 83.55 million VND/tael. At the same time, the world gold price was trading at 2,663 USD/ounce. Converted at the exchange rate on the free market (25,210 USD/ounce - an increase of 160 VND compared to yesterday), world gold reached 81.84 million VND/tael (including taxes and fees), the difference with ring gold decreased 700,000 VND compared to yesterday, down to 1.8 million VND, mainly due to a sharp increase in exchange rates, helping world gold after conversion push higher - narrowing the gap with domestic gold prices. In today's upward trend in gold prices, most businesses push the increase in the buying side higher than the selling side, helping to narrow the buying and selling gap - beneficial for investors. When the buy-sell difference is lower, the risk to investors is limited. Gold prices are rising, buying demand is stronger than investors' selling demand, while supply in the market is very tight, gold businesses have moved to increase their buying prices to stimulate investors take profit. This move not only helps investors take advantage of opportunities when gold prices rise but also helps maintain market liquidity.

Gold Ring 9999 October 4: Record high and notable actions from gold houses

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Gold price list 4/10: Gold bar purchases increased slightly, selling prices moved sideways at a 4-month peak

Exchange rate on October 4: Free USD increased sharply after 4 sessions of sharp decline, commercial banks increased/decreased mixed

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