Gold price hits new record high at VND78 million per tael
VOV.VN - Domestic gold prices continued to soar on the afternoon of December 25, hitting a new record high of VND78 million per tael.
At 14:30 p.m. on December 25, Doji Group listed each tael of SJC gold at VND76.8 million and VND78 million for buying and selling, up VND1.2 million and VND1 million for the buying and selling prices compared to this morning, respectively.
Meanwhile, Saigon Gold and Jewelry Company (SJC) rated the yellow metal at VND76.9 million and VND77.9 million for buying and selling, up VND1 million per tael against the price listed this morning.
The last months of this year recorded an incredible acceleration of gold prices within the domestic market as they continuously climbed to reach a historic peak.
Dr. Nguyen Bich Lam, former Director General of the General Statistics Office, warns buyers to be cautious regarding the unstable fluctuations and excessively high prices of gold.
He stressed that gold prices are highly volatile as they may reach highs but they are also capable of dropping rapidly. Therefore, he advised against purchasing gold at this time, as the current gold prices are excessively high, with a significant difference compared to global prices.
