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Speaking of gold conversion, exchanging gold for cash, in a previous article, Mytour guided you on converting 1 ounce of gold into how many gold ounces. In this article, we continue to guide readers on how to convert 1 ounce of gold into money.
How much money is 1 gold bar worth
How much money does 1 tael of gold exchange for, converting tael of gold to cash
How much is 1 tael, 1 gold bar worth today?
1 tael of gold is also known as one gold bar.
- 1 gold bar = 10 gold taels
Tael, also known as lang, is used to denote the unit of measurement for precious metal mass in Vietnam, China, especially when it comes to gold. According to the international measurement system, 1 tael of gold = 37.5 grams. Thus, 1 gold tael = 1/10 tael = 3.75 grams.
Gold exchange rates fluctuate over time, so converting 1 tael of gold to cash also varies accordingly. Therefore, if you want to know how much money 1 tael of gold is, you should update the gold prices daily. To understand the exact price of gold in cash, please follow the live price chart below.
Today's updated SJC gold price
Above, we have guided you on how to convert 1 tael of gold into cash, hoping you have gained useful information. SJC gold prices are always changing, so before buying or selling gold, you should check the gold exchange rates to avoid losses.
- The buying price for 1 tael of SJC gold type 1 is 66.4 million dong, and the selling price is 67.2 million dong.
Therefore:
- 10 taels of SJC gold amount to 664 million dong (equivalent to six hundred sixty-four million dong).
- 100 taels of SJC gold amount to 6.64 dong (equivalent to six point sixty-four billion dong)
In the market, there are various types of gold. These prices represent SJC gold, so you need to be careful when buying or selling gold to avoid losses such as 9999 gold, Western gold, or white gold.
Price list for 9999 gold, SJC gold, 24K, 18K ... (Unit: Thousand dong/tael)
Note: Gold prices fluctuate daily, with each trading session, and can increase or decrease depending on the world gold price and various factors. You should update regularly to know the most accurate buying and selling gold prices.
Besides, this gold price is only updated at the current time, gold prices change daily, can increase or decrease. Therefore, when you need to buy or sell gold, remember to update the gold exchange rate for that day.
Above, we have shared how much money 1 tael of gold is, hope you have gained useful information. 1 tael of gold is also called 1 gold bar so you understand this to convert gold bars, taels of gold to cash easily, quickly, and accurately.
Similarly to gold prices, foreign currencies also change frequently. Therefore, investors in foreign currencies Euro, USD... also need to update the exchange rate for each trading session, daily to know how much is 100 euro in Vietnamese dong or how much is 1 billion dong in USD easily, accurately. From there, make the most suitable buying and selling decisions.
