Gold and silver prices recovered strongly today - Photo: NP
The price of SJC gold bars increased by up to 2 million VND per tael.
Based on the exchange rate listed at the bank, the world gold price is equivalent to 164 million VND per tael.
Today, the price of SJC gold bars increased by 2 million VND/ounce, reaching 186.1 million VND/ounce compared to the end of yesterday. Compared to yesterday morning, the selling price of SJC gold bars has increased by 3 million VND/ounce, while the buying price has also risen to 183.1 million VND/ounce.
The selling price of 9999 gold rings also increased sharply to 185.8 million VND/ounce, while the buying price was 182.8 million VND/ounce.
At major gold shops, such as Mi Hong, the selling price of SJC gold bars today surged to 186 million VND/ounce, while the buying price was 184 million VND/ounce. The difference between the buying and selling price has narrowed to just 2 million VND/ounce.
Currently, the price of gold in Vietnam is 22.1 million VND/ounce higher than the converted price of gold in the world market. This is a very high difference.
Not only gold, but silver also rose today to $88.23 per ounce, an increase of 5.34% compared to yesterday afternoon.
Based on the exchange rate listed at the bank, the price of silver is now equivalent to only 2.8 million VND per tael.
Ancarat Company listed the selling price of silver at 3.412 million VND/ounce (selling price) and 3.309 million VND/ounce (buying price), an increase of 204,000 VND/ounce in the selling price compared to yesterday.
SBJ Company initially increased the selling price of silver to 3.519 million VND/ounce today, but by noon it had decreased to 3.465 million VND/ounce, with a buying price of 3.363 million VND/ounce, an increase of 156,000 VND/ounce compared to yesterday.
Phu Quy Company listed the selling price of silver at 3.419 million VND/ounce and the buying price at 3.316 million VND/ounce.
The long-term upward trend for gold remains intact.
According to expert analysis, the rebound in world gold prices is due to the weakening of the US dollar after US President Donald Trump announced he was considering taking control of the Strait of Hormuz. Oil prices also plummeted.
Furthermore, the risk of prolonged conflict in the Middle East also encourages demand for gold as a hedge against risk, providing significant support for gold prices.
Currently, world gold prices are still influenced by exchange rates and interest rate prospects. The strong fluctuations in gold prices over the past week reflect the somewhat uncertain sentiment of investors in the market, but the long-term upward trend for gold remains.
Recently, UBS Bank predicted that the price of gold could reach $6,200 per ounce by mid-2026.
Bank of Montreal (BMO) believes a compelling bullish scenario could push the precious metal close to $6,500. AuAg Funds suggests that the $6,000 mark could be reached this year, albeit with significant volatility.
Readers are invited to follow the latest gold price updates HERE.
Source: https://tuoitre.vn/gia-vang-bac-hoi-phuc-manh-20260310124011968.htm
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