Gold Prices Plummet, Leaving Buyers with Steep Losses

The prices of SJC gold bars have fallen by 1.1 million VND/tael after last week's trading session, closing at 144.6-147.6 million VND/tael (buying - selling) for Saigon Jewelry Company SJC and DOJI.

The buying-selling spread remains high, with a difference of 3 million VND/tael between the two prices. This has led to significant losses for gold buyers in the short term, especially when comparing last week's prices to this week's.

For example, if a buyer purchased SJC gold bars at Saigon Jewelry Company SJC and DOJI on August 30 and sold them today (September 6), they would lose 4.1 million VND/tael.

The price of 9999 gold rings has also changed, with prices listed at different businesses varying from 144.6-147.9 million VND/tael for Phu Quy Jewelry Group and 146-150 million VND/tael for DOJI Group.