Domestic gold price today March 26, 2024
Late afternoon on March 26 , SJC's 9999 gold price continued to increase by 200,000 VND/tael in both buying and selling, to 80.3 million VND/tael (selling).
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 4:31 p.m. and the price of 9999 gold was listed by DOJI Jewelry Group at 4:58 p.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 78,300,000 VND/tael | 80,320,000 VND/tael |
| SJC HCMC | 78,300,000 VND/tael | 80,300,000 VND/tael |
| SJC Danang | 78,300,000 VND/tael | 80,320,000 VND/tael |
| DOJI Hanoi | 78,100,000 VND/tael | 80,100,000 VND/tael |
| DOJI HCMC | 78,100,000 VND/tael | 80,100,000 VND/tael |
SJC and DOJI gold price list updated late afternoon March 26
On the afternoon of March 26 , the price of SJC 9999 gold increased by 100,000 VND/tael in both buying and selling prices, to 80.1 million VND/tael (selling).
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 15:47 and the price of 9999 gold was listed by DOJI Jewelry Group at 16:06 as follows:
| Buy | Sell | |
| SJC Hanoi | 78,100,000 VND/tael | 80,120,000 VND/tael |
| SJC HCMC | 78,100,000 VND/tael | 80,100,000 VND/tael |
| SJC Danang | 78,100,000 VND/tael | 80,120,000 VND/tael |
| DOJI Hanoi | 77,850,000 VND/tael | 79,850,000 VND/tael |
| DOJI HCMC | 77,850,000 VND/tael | 79,850,000 VND/tael |
SJC and DOJI gold price list updated on the afternoon of March 26
Early morning of March 26 , SJC 9999 gold price increased by 100 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, up to 80 million VND/tael (selling).
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:27 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 | 78,000,000 VND/tael | 80,020,000 VND/tael |
| SJC HCMC | 78,000,000 VND/tael | 80,000,000 VND/tael |
| SJC Danang | 78,000,000 VND/tael | 80,020,000 VND/tael |
| DOJI Hanoi | 77,750,000 VND/tael | 79,750,000 VND/tael |
| DOJI HCMC | 77,750,000 VND/tael | 79,750,000 VND/tael |
SJC and DOJI gold price list updated early morning March 26
At the close of the session on March 25, the price of 9999 gold bars at SJC Ho Chi Minh City was VND77.9 million/tael (buy) and VND79.9 million/tael (sell). SJC Hanoi listed at VND77.9 million/tael (buy) and VND79.92 million/tael (sell).
DOJI Hanoi listed at 77.75 million VND/tael (buy) and 79.75 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 77.75 million VND/tael and sold at 79.75 million VND/tael.
The central exchange rate on March 26, 2024 announced by the State Bank is 23,994 VND/USD, down 21 VND compared to the previous trading session. The USD price at commercial banks this morning (March 26) was listed at 24,560 VND/USD (buy) and 24,930 VND/USD (sell).
International gold price today March 26, 2024
At 8:33 a.m. today (March 26, Vietnam time), the world spot gold price stood at around 2,170.7 USD/ounce, down 5.4 USD/ounce compared to the end of last week. The price of gold futures for June 2024 on the Comex New York floor was at 2,195.6 USD/ounce.
Gold price on Kitco floor at 9:00 p.m. (March 25, Vietnam time) was trading at 2,176.1 USD/ounce, up 0.51% compared to the beginning of the session. Gold futures price for April 2024 delivery on Comex New York floor was trading at 2,173.6 USD/ounce.
Gold prices rose again in early trading on March 25 (US time) after a sharp decline last weekend, due to a slight weakening of the USD. However, according to analysts, the strength of the USD is actually at a high level, causing gold to be under a lot of downward pressure, posing many risks.
Specifically, FXTM senior market analyst Lukman Otunuga said that after rising to an all-time high last week, gold prices are under pressure and are likely to decline in the coming time due to the increasing strength of the USD.
Bannockburn Global Forex CEO Marc Chandler also commented that the US dollar is gaining strength, along with rising bond yields, which means gold prices will fall.
Similarly, VR Metals/Resource Letter expert Mark Leibovit predicts that the strength of the USD will push gold lower in the coming days.
Meanwhile, Colin Cieszynski, market strategist at SIA Wealth Management, has a neutral view on gold prices. According to this expert, gold has been volatile recently and the precious metal is likely to consolidate in the coming days.
Gold Price Forecast
Marc Chandler predicts that gold's support level will be in the range of 2,145-2,150 USD/ounce.
Gold prices could rise to $2,300 an ounce in the second half of 2024 after the US Federal Reserve signaled it would cut interest rates three times this year, according to Aakash Doshi, head of commodities research for North America at Citibank.
Analysts at Citigroup predict a 25% chance that gold prices will hit a record $2,300 an ounce in the second half of the year.
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