After several days of stability, SJC gold bar prices in Vietnam rose by 600,000 dong per lượng on the afternoon of October 16.
At about 4:30 p.m., Saigon Jewelry Company (SJC) listed buying prices of 140.9 million dong per lượng and selling prices of 143.9 million dong.
Phú Quý listed gold at 140.3 million dong per lượng for buying and 143.3 million dong for selling. Bảo Tín Minh Châu listed 138.6 million dong and 142.6 million dong.
DOJI and Bảo Tín Mạnh Hải listed buying prices of 139.5 million dong per lượng and selling prices of 143.5 million dong.
Gold prices at major brands had remained below SJC gold bar prices in recent days.
That was different from the earlier period, when selling prices at DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải were usually equal to or higher than SJC gold bar prices. The gap reached 2 million to 3 million dong per lượng at its widest.
SJC gold bars are currently 12.4 million dong per lượng above the converted world gold price.
The gaps between the converted world gold price and prices at Phú Quý, Bảo Tín Minh Châu, DOJI and Bảo Tín Mạnh Hải were 11.8 million, 11.1 million, 12 million and 12 million dong per lượng, respectively.
Silver prices also rose on October 16 compared with the close on October 15. From the opening until about 4:30 p.m., the selling price of a kilogram of silver was mostly above 55 million dong.
At about 4:25 p.m., Ancarat, Phú Quý and Bảo Tín Mạnh Hải listed selling prices of 55.28 million dong per kilogram, up 700,000 dong; 55.7 million dong, up 560,000 dong; and 55.7 million dong, up 587,000 dong, respectively.
At 4:27 p.m. Vietnam time, the spot price of world gold was $4,183.3 per ounce, up $14.3, or 0.34%, from the previous session's close. The spot price of world silver was $57.71 per ounce, up $0.41, or 0.72%.
Sources: Thanh Niên
