Gold bars and gold rings see simultaneous rises on November 18

At around 9:00 a.m., the Saigon Gold and Jewelry Company (SJC) lifted the SJC-branded gold prices to VND81 million per tael for buying, up VND1 million, and VND84 million per tael for selling, up VND500 million compared to the previous session last week.

Prices of gold bars at Doji Group were quoted at VND81 million and VND84 million per tael for buying and selling, representing rises of VND1 million, and VND500,000, respectively.

Similarly, gold rings also saw a surge.

Accordingly, the SJC traded gold rings were at VND80.5 million per tael for buying and VND83 million for selling, both up VND700,000 over the last weekend.

Meanwhile, the prices of gold rings at Doji Group were unchanged with VND81.4 million per tael for buying and VND82.7 million per tael for selling.

Globally, this morning saw gold prices witness a slight decrease of 0.1% to US$2,565.49 per ounce.

World gold prices are predicted to move sideways and gradually recover. Experts have stated that only when global gold prices exceed the US$2,650 per ounce mark will domestic gold bar prices return to the VND86 million per tael level.