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  • • Domestic gold price today March 30, 2024
  • • International gold price today March 30, 2024
  • • Gold price forecast

Domestic gold price today March 30, 2024

At 9:56 a.m. on March 30, the price of SJC 9999 gold decreased by 400,000 VND/tael for buying and 200,000 VND/tael for selling, losing the mark of 81 million VND/tael (selling).

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 9:56 am and the price of 9999 gold was listed by DOJI Jewelry Group at 8:43 am as follows:

Buy Sell
SJC Hanoi 78,300,000 VND/tael 80,820,000 VND/tael
SJC HCMC 78,300,000 VND/tael 80,800,000 VND/tael
SJC Danang 78,300,000 VND/tael 80,820,000 VND/tael
DOJI Hanoi 78,800,000 VND/tael 80,800,000 VND/tael
DOJI HCMC 78,800,000 VND/tael 80,800,000 VND/tael

                                  SJC and DOJI gold price list updated on the morning of March 30

Early morning of March 30 , SJC 9999 gold price decreased by 300 thousand VND/tael in buying price and remained unchanged in selling price compared to the closing price of yesterday's trading session, at 81 million VND/tael (selling price).

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:35 a.m. and the price of 9999 gold was listed by DOJI Jewelry Group at 8:43 a.m. as follows:

Buy Sell
SJC Hanoi 78,700,000 VND/tael 81,020,000 VND/tael
SJC HCMC 78,700,000 VND/tael 81,000,000 VND/tael
SJC Danang 78,700,000 VND/tael 81,020,000 VND/tael
DOJI Hanoi 78,800,000 VND/tael 80,800,000 VND/tael
DOJI HCMC 78,800,000 VND/tael 80,80,000 VND/tael

SJC and DOJI gold price list updated on the morning of March 30

At the close of trading on March 29, the price of 9999 gold bars at SJC Ho Chi Minh City was VND79 million/tael (buy) and VND81 million/tael (sell). SJC Hanoi listed it at VND79 million/tael (buy) and VND81.02 million/tael (sell).

DOJI Hanoi listed at 78.8 million VND/tael (buy) and 80.8 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 78.8 million VND/tael and sold at 80.8 million VND/tael.

The central exchange rate on March 29, 2024 announced by the State Bank is 24,003 VND/USD, unchanged from the previous trading session. The USD price at commercial banks this morning (March 30) was listed at 24,600 VND/USD (buy) and 24,970 VND/USD (sell).

International gold price today March 30, 2024

World gold prices remained unchanged on March 30 (Vietnam time) as the market closed for Good Friday. Spot gold prices were at $2,233/ounce. Gold futures for June 2024 on the Comex New York floor were at $2,238.4/ounce.

The price of gold on the Kitco floor (at 8:00 p.m., March 29, Vietnam time) was at $2,233/ounce. The price of gold futures for delivery in April 2024 on the Comex New York floor was trading at $2,234/ounce.

World gold prices increase. Photo: Kitco

The Commerce Department said its core personal consumption expenditures price index rose 0.3 percent last month. The increase was in line with economists' expectations and was a sign that inflationary pressures are not abating.

According to experts, although inflation is still much higher than the Federal Reserve's (Fed) 2% target, this index is trending lower.

According to CME's FedWatch tool, there is a 62% chance the Fed will cut interest rates in June. Low interest rates weaken the dollar, making gold more affordable for investors holding other currencies.

Another factor affecting the gold market is Russia’s attack on Ukraine’s air defense infrastructure with Kinzhal missiles. Recently, Russia has carried out a series of large-scale attacks on Ukraine’s military and energy infrastructure.

As geopolitical tensions around the world increase, investors tend to seek safe havens like gold.

Gold Price Forecast

Everett Millman, chief market analyst at Gainesville Coins, attributed the rise in gold prices to major geopolitical tensions around the globe, which prompted investors to turn to gold reserves to preserve their wealth.

In addition, gold prices are also being boosted by buying activity from central banks around the world. Central banks signaled their intention to cut interest rates, thereby increasing demand for gold. According to experts, gold prices will continue to rise in the short term.