SJC gold bar price increased sharply, free market exceeded 135 million VND/tael

(NLDO) – Each tael of SJC gold bars and gold rings on the morning of September 3 increased by millions of dong, bringing the domestic gold price to a new peak.

SJC gold bar price increased by more than 4 million VND/tael

On the morning of September 3, as soon as trading opened after the National Day holiday, Saigon Jewelry Company (SJC) pushed the price of SJC gold bars to a new high, 131.9 million VND/tael for buying, 133.4 million VND/tael for selling, an increase of more than 4 million VND/tael compared to before the holiday.

Other gold companies such as PNJ, DOJI and several commercial banks also simultaneously adjusted the price of SJC gold bars to a new record level.

However, this is not the highest level of gold price in the market. At the same time, some small gold shops pushed the price of SJC gold up to 134.5 million VND/tael for buying and 135.5 million VND/tael for selling.

Also in the trend of setting new peaks, the price of 99.99% gold rings and jewelry gold is listed at 125.1 million VND/tael for buying and 127.6 million VND/tael for selling, an increase of 2.6 million VND/tael compared to yesterday.

SJC gold bar price increased shockingly this morning

World gold price increased shockingly

The domestic gold market continues to be "stormy" because the price follows the shocking increase in the world gold price. On the international market at 9:00 am this morning, the gold price recorded a sharp increase to the mark of 3,537 USD/ounce, up about 40 USD/ounce compared to the previous session.

Notably, the precious metal on the international market has surpassed the historical peak of 3,500 USD/ounce set in April. This is also the highest level of world gold price in history, surprising many investors.

Precious metals on the international market increased dramatically despite the recovery of the USD. The USD index (DXY) increased sharply this morning to 98.4 points.

Gold prices have surged amid rising demand for safe havens as investors seek stable assets amid volatile financial markets, analysts said. Concerns about the independence of the US Federal Reserve (FED) and the prospect of interest rate cuts have pushed the price of the precious metal to unbelievable highs.

With the above unexpected developments, both domestic and international gold prices are at historical peaks. Currently, the precious metal converted according to the exchange rate listed at commercial banks is about 112.8 million VND, lower than SJC gold bars by more than 20 million VND/tael. This is a record difference in recent times.

World gold prices also rose to unbelievable levels, surprising many investors.

Source: https://nld.com.vn/gia-vang-mieng-sjc-tang-manh-thi-truong-tu-do-vuot-135-trieu-dong-luong-196250903085908546.htm