Gold price today March 15, 2024: SJC gold skyrocketed to near the peak of 82 million then cooled down

Domestic gold price today March 15, 2024

Late afternoon on March 15 , SJC's 9999 gold price decreased by 200,000 VND/tael in both buying and selling prices, to 81.7 million VND/tael (selling).

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 3:50 p.m. and the price of 9999 gold was listed by DOJI Jewelry Group at 3:57 p.m. as follows:

	Buy	Sell
SJC Hanoi	79,700,000 VND/tael	81,720,000 VND/tael
SJC HCMC	79,700,000 VND/tael	81,700,000 VND/tael
SJC Danang	79,700,000 VND/tael	81,720,000 VND/tael
DOJI Hanoi	79,700,000 VND/tael	81,700,000 VND/tael
DOJI HCMC	79,700,000 VND/tael	81,700,000 VND/tael

SJC and DOJI gold price list updated late afternoon March 15

Early afternoon of March 15, the price of SJC 9999 gold increased by 600 thousand VND/tael in both buying and selling compared to this afternoon, up to 81.9 million VND/tael (selling).

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 13:47 and the price of 9999 gold was listed by DOJI Jewelry Group at 14:12 as follows:

	Buy	Sell
SJC Hanoi	79,900,000 VND/tael	81,920,000 VND/tael
SJC HCMC	79,900,000 VND/tael	81,900,000 VND/tael
SJC Danang	79,900,000 VND/tael	81,920,000 VND/tael
DOJI Hanoi	79,700,000 VND/tael	81,700,000 VND/tael
DOJI HCMC	79,700,000 VND/tael	81,700,000 VND/tael

SJC and DOJI gold price list updated early afternoon March 15

At noon on March 15 , the price of SJC 9999 gold decreased by another 100,000 VND/tael in both buying and selling prices, to 81.3 million VND/tael (selling).

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 9:47 a.m. and the price of 9999 gold was listed by DOJI Jewelry Group at 10:09 a.m. as follows:

	Buy	Sell
SJC Hanoi	79,300,000 VND/tael	81,320,000 VND/tael
SJC HCMC	79,300,000 VND/tael	81,300,000 VND/tael
SJC Danang	79,300,000 VND/tael	81,320,000 VND/tael
DOJI Hanoi	79,300,000 VND/tael	81,300,000 VND/tael
DOJI HCMC	79,300,000 VND/tael	81,300,000 VND/tael

SJC gold price list updated at noon on March 15

Early morning of March 15 , SJC 9999 gold price decreased by 100 thousand VND/tael in both buying and selling compared to yesterday's closing price, to 81.4 million VND/tael (selling).

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:30 a.m. and the price of 9999 gold was listed by DOJI Jewelry Group at 8:36 a.m. as follows:

	Buy	Sell
SJC Hanoi	79,400,000 VND/tael	81,420,000 VND/tael
SJC HCMC	79,400,000 VND/tael	81,400,000 VND/tael
SJC Danang	79,400,000 VND/tael	81,420,000 VND/tael
DOJI Hanoi	79,300,000 VND/tael	81,300,000 VND/tael
DOJI HCMC	79,300,000 VND/tael	81,300,000 VND/tael

SJC gold price list updated early morning March 15

At the close of the session on March 14, the price of 9999 gold bars at SJC Ho Chi Minh City was VND79.5 million/tael (buy) and VND81.5 million/tael (sell). SJC Hanoi listed at VND79.5 million/tael (buy) and VND81.52 million/tael (sell).

DOJI Hanoi listed at 79.5 million VND/tael (buy) and 81.5 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 79.5 million VND/tael and sold at 81.5 million VND/tael.

The central exchange rate on March 15, 2024 announced by the State Bank is 23,979 VND/USD, an increase of 12 VND compared to the previous trading session. The USD price at commercial banks this morning (March 15) was listed at 24,500 VND/USD (buy) and 24,870 VND/USD (sell).

International gold price today March 15, 2024

At 8:04 a.m. today (March 15, Vietnam time), the world spot gold price stood at around 2,162.6 USD/ounce, up 0.2 USD/ounce compared to last night. The gold futures price for April 2024 on the Comex New York floor was at 2,166.9 USD/ounce.

The spot gold price on Kitco (at 9:00 p.m., March 14, Vietnam time) was trading at $2,162.4/ounce. The gold futures price for April 2024 delivery on the Comex New York floor was trading at $2,170.5/ounce.

gold price.jpg — Gold still has many price increase scenarios. Photo: Kitco

Gold prices fell sharply in early trading in the US as investors sold off after the US Commerce Department announced that retail sales in February increased by 0.6%. However, experts remained optimistic about the gold market.

According to Bob Haberkorn, senior market strategist at RJO Futures, there are currently two scenarios for gold investors. The first scenario is that if the US Federal Reserve (Fed) cuts interest rates, gold will definitely increase in price.

In the second scenario, if the Fed does not cut interest rates, inflation concerns will also push gold prices higher.

Gold is still benefiting from safe-haven demand amid concerns about geopolitical tensions, Haberkorn said.

Despite hotter-than-expected inflation data, traders continued to bet that the Fed would cut interest rates in June, sending money flowing into gold.

Gold Price Forecast

The Fed has less incentive to start cutting rates, although traders still maintain bets on a 70% chance of a 25 basis point cut in June, according to the CME Fedwatch tool.

Analysts see room for gold to rise. The dollar is weakening as investors hold out hope that the Fed will cut interest rates in June.

Bob Haberkorn commented that in the coming time, investors will focus on catching the bottom, causing gold prices to continue to increase.

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