Many people are still waiting for SJC gold price to decrease, narrowing the gap with the world

(NLDO) – The price of SJC gold bars and 99.99 gold rings increases rapidly and decreases slowly compared to world prices, causing the gap to continue to widen.

On the morning of June 26, SJC gold bars were traded by businesses at 117.8 million VND/tael for buying and 119.8 million VND/tael for selling, an increase of 300,000 VND per tael compared to the end of yesterday.

In the same direction, the price of 99.99% gold rings and jewelry gold also increased by 300,000 VND to 113.8 million VND/tael for buying and 116.3 million VND/tael for selling.

Domestic gold prices rose as world prices recovered. In the international market, gold prices today were traded at $3,340/ounce, up about $7/ounce compared to the previous session.

Domestic gold prices increase rapidly - decrease slowly compared to world prices in recent days

Domestic gold prices suddenly increased following world prices, while in the previous days when world prices plummeted, gold bar and gold ring prices remained almost unchanged.

This development has widened the gap between domestic and foreign gold prices. Currently, the world gold price converted according to the listed exchange rate is about 105.9 million VND/tael, 10 million VND lower than gold rings and 13 million VND lower than SJC gold bars.

Many people said they are waiting for domestic gold prices to decrease further, narrowing the gap with world prices as recently directed by the management agency to buy.

However, according to analysts, if the world gold price does not decrease sharply but increases again, the price of gold bars will hardly decrease sharply. Because the key point of the gold market at present is the scarcity of supply that has not been resolved.

Source: https://nld.com.vn/nhieu-nguoi-van-cho-gia-vang-sjc-giam-thu-hep-chenh-lech-voi-the-gioi-196250626095744999.htm