Money depreciates, this company pays employees in gold

Money depreciates, this company pays employees in gold

 Facing the sharp increase of the domestic gold price before the 2022 Lunar New Year holiday, many people have taken advantage of selling gold to take profit.



Along with the rise of the world gold price on the morning of January 26, the domestic gold price continued to be adjusted sharply by business units, bringing the gold price to a historic peak of 62.8 million dong/tael. This is the second day in a row that the domestic gold price has broken through after many days of little volatility.

As noted, in the morning of January 26 at Saigon Jewelry Company listed the price of SJC gold buying and selling at 61.9-62.55 million VND/tael, an increase of 150,000 VND/tael in buying and selling. 250,000 VND/tael sold compared to yesterday's close.


Gold Doji listed gold price at 61.9-62.50 million dong/tael, up 200,000 dong/tael compared to the last session.


Phu Quy SJC listed the gold price at 61.95-62.6 million dong/tael, an increase of 250,000 dong/tael in buying and 300,000 dong/tael in selling compared to the previous session.



At Bao Tin Minh Chau, the price of SJC gold at the opening session on January 26 was bought at 61.97 million VND/tael and sold at 62.55 million VND/tael.




Facing the rising price of gold in the country, many people took advantage of selling gold to take profit. Mr. Khanh, a gold investor in Hanoi, said that a month ago he bought 8 SJC gold trees at the price of 60.4 million VND/tael. Now seeing the high price of gold, he decided to take profit on this entire investment to earn a profit of more than 1.5 million dong/tael.


According to the reporter at Bao Tin Minh Chau, 10 customers present at the store, there are 9 people selling gold and only 1 customer buying gold jewelry. By 9:30 am, the price of gold purchased by SJC was raised by this unit to the price of 62 million dong/tael, this is the highest price in history so far.

Mr. Dung, another gold investor in Hanoi, also decided to take profit of 35 gold trees when the buying price of SJC gold was raised to the highest price in history by the gold house. Mr. Dung said he bought this gold 3 months ago.



Meanwhile, Mr. Tran Xuan Dung - Head of Gold Bar Sales of Phu Quy said that although the gold price is high, the number of customers trading is not large. Mainly customers buy and sell small quantities to use as gifts for Tet or New Year's Eve. According to Mr. Dung, this year due to the impact of the Covid-19 epidemic, the gold trading market at the end of the year was not as active as in previous years.

Commenting on the increasing momentum of the domestic gold price in recent days, Mr. Huynh Trung Khanh - Senior Advisor of the World Gold Council in Vietnam said that the reason for the increase in the domestic gold price from the beginning of the week until now and broke the The record in 2020 is caused by the increase of the world gold price in recent trading sessions.

Besides, Mr. Khanh assessed that the volatility of the stock market in the past week made some investors decide to withdraw money from securities to switch to gold investment channel to prevent risks during the Tet holiday. The upcoming Lunar New Year 2022.
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