SJC gold price today
At business stores in Hanoi, the trading atmosphere is quite gloomy. Recorded by Lao Dong reporter at some gold shops on Tran Nhan Tong Street (Hai Ba Trung District, Hanoi) on March 26.3, the number of customers coming to transact was not much.
Faced with the sharp decline in SJC gold prices, some investors decided to switch to buying gold rings. Mr. Tuan Anh (Thai Binh) shared: "I have unused money so I want to buy gold. Recently, I watched the price of gold bars continuously decrease sharply, while gold rings kept their prices quite well. I read in the newspaper that in the near future, the price of gold bars may drop sharply because the State is reviewing gold management activities. Therefore, my husband and I are planning to buy gold rings."
Ms. Nguyen Huyen My (25 years old, Hai Ba Trung district) - a gold buyer at Tran Nhan Tong street (Hai Ba Trung district) - shared: "I am planning to invest in gold. Recently, the price of gold has been constantly changing, so I have chosen to buy gold in installments instead of buying it at once. That way, I can avoid investment risks and I can keep the money to find more investment channels."
Gold ring price 9999
As of 19:25.3 p.m. today, March 69,08, the price of plain round gold rings listed by Bao Tin Minh Chau is at 70,28-800.000 million VND/tael (buy - sell). Compared to the closing session of the previous session, the price of gold rings purchased by Bao Tin Minh Chau increased by 220.000 VND/tael and increased by XNUMX VND/tael sold.
Meanwhile, Saigon Jewelry is listed at 68,15-69,4 million VND/tael for buying and selling. Compared to the previous session's close, the price of gold rings was adjusted by Saigon Jewelry and Gems to increase by 150.000 VND/tael for buying and selling.
Phu Nhuan Jewelry (PNJ) is listed at 68,2-69,24 million VND/tael (buy - sell). Compared to the previous session's close, PNJ's gold ring price was adjusted to increase by 200.000 VND/tael for both buying and selling.
World gold price
Gold price forecast
Investors are focusing on US inflation data this weekend for clues about when the US Federal Reserve (FED) will cut interest rates for the first time this year.
Kyle Rodda - financial market analyst at Capital.com - commented that the market is lacking a new catalyst, but currently the market is taking a break after a fairly strong price increase. The next move may depend on data on the personal consumption expenditure (PCE) price index this week.
Many recent reports show that rising gold prices are leading to a series of discrepancies in precious metal markets around the world. Many countries are taking measures to deal with this problem.
According to Kitco, in Thailand, the domestic gold price set three consecutive all-time highs in one day on March 3. This is the strongest upward trend, an increase of more than 21.3% since the end of 25.
Jitti Tangsitpakdee – President of the Thai Gold Merchants Association – told local media outlet Khaosod: “This has never happened before in history, especially when in just the first 3 months of the year gold prices have increased. more than 10%”.
Mr. Tangsitpakdee said that the sustainable upward trend is not only driven by the prospect of cutting interest rates by the central bank but also by continuous local buying.
According to the Thai Ministry of Commerce, the period of soaring gold prices also contributed to the increase in counterfeit gold trade, including gold bars and jewelry, with more than 1.600 cases reported in 2023.
Thai Deputy Minister of Commerce Naphinthorn Srisanphan informed that the agency "authorized the Gem and Jewelry Institute of Thailand (GIT) to test the purity of precious metals and the purity of gold using non-invasive ultrasonic waves." damage the embryo”.
Pakistan has taken strong measures to combat speculation and smuggling in the jewelry industry since September last year.
From September 13.9 to October 10.10.2023, 5, the Pakistan Gem and Jewelry Association (APGJA) temporarily suspended the announcement of daily gold prices after arresting XNUMX jewelers accused of illegal activities. These people were later released.
According to the report, daily exchange rate announcements “remain disrupted until the third week of October 3 and inconsistencies in gold prices pose significant challenges for consumers.”
