Gold prices fluctuate; gold rings now on par with gold bars
(DN) - On May 6, prices for various types of gold bars and rings were recorded to be quite volatile. Accordingly, in Tran Bien Ward (Dong Nai City), on the morning of May 6, there were times when SJC gold bar prices surged by 1.5 million VND per tael compared to the pre-holiday period (April 30 and May 1). Both buying and selling rates increased, reaching 164.5 million VND per tael (buying) and 167.5 million VND per tael (selling).
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| Many types of gold rings are currently priced on par with gold bars. Photo: Hai Quan |
However, by the same afternoon, SJC gold bar prices unexpectedly 'cooled down,' currently quoted at 163 million VND per tael for buying and 166 million VND per tael for selling. The bid-ask spread remains maintained at 3 million VND per tael.
As of late afternoon on May 6, 'Au Vang Phuc Long' gold by Doji Jewelry Group stood at 163 million VND/tael (buying) and 166 million VND/tael (selling), equivalent to the levels recorded before the April 30 and May 1 holidays. PNJ gold bar prices are also currently at 163 million VND (buying) and 166 million VND (selling) per tael.
Similarly, gold ring prices fluctuated throughout the day on May 6. After the price of 9999 round rings (Hung Thinh Vuong) by Doji Jewelry Group unexpectedly rose by 150,000 VND per 'chi' (0.1 tael) in the morning, it suddenly dropped by late afternoon. The buying price now stands at 16.3 million VND per 'chi' and the selling price at 16.6 million VND per 'chi' (equivalent to 166 million VND per tael). This price level is on par with gold bars. PNJ plain gold rings are quoted at 16.3 – 16.6 million VND per 'chi', while SJC 9999 plain rings reached a buying-selling range of 16.25 – 16.55 million VND per 'chi'.
Hải Quân
Source: https://baodongnai.com.vn/

