Gold price today reversed to increase, 999.9 gold ring is selling for 69.43 million VND/tael

Gold price after the decrease increased by 500 thousand, SJC gold sold for 81.52 million VND/tael. The price of 999.9 gold rings today decreased by another 600 thousand, SJC gold decreased slightly.

Domestic gold price

At noon on March 16, the price of SJC gold traded at Saigon Jewelry Company in Ho Chi Minh City was around 79.20 - 81.70 million VND/tael, down 500 thousand VND/tael for buying and up 100 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is 2.5 million VND/tael.

Giá vàng hôm nay đảo chiều tăng, vàng nhẫn 999.9 đang bán ra 69,43 triệu đồng/lượng

The price at Saigon Jewelry Company in Hanoi is around 79.20 - 81.72 million VND/tael, down 500 thousand VND/tael for buying and up 100 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is 2.5 million VND/tael.

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 79.60 - 81.40 million VND/tael, an increase of 200 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to the previous closing price.

At Phu Quy Group, the price of SJC gold bars is currently trading around 79.60 - 81.50 million VND/tael for buying and selling, an increase of 100,000 VND/tael for buying and 200,000 VND/tael for selling compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 79.60 - 81.40 million VND/tael, an increase of 200 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to the previous closing price.

In addition, the price of 999.9 gold rings (24k) today turned to increase. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Minh Chau Company was traded at 68.13 - 69.43 million VND/tael for buying and selling, an increase of 70 thousand VND/tael for buying and 70 thousand VND/tael for selling compared to yesterday.

Thang Long 999.9 (24k) gold jewelry is trading around 67.50 - 69.10 million VND/tael, up 50 thousand VND/tael for buying and up 50 thousand VND/tael for selling compared to yesterday.

Gold price traded at Bao Tin Manh Hai

Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings are being traded at Bao Tin Manh Hai Company at around 68.13 - 69.43 million VND/tael for buying and selling, an increase of 70 thousand VND/tael for buying and an increase of 70 thousand VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 67.30 - 69.10 million VND/tael, up 50 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 67.20 - 69.00 million VND/tael, up 50 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to yesterday's closing price.

Gold price traded at Phu Quy Group

At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 68.10 - 69.40 VND/tael, an increase of 50 thousand VND/tael for buying and an increase of 50 thousand million VND/tael for selling compared to yesterday.

24K 999.9 gold is trading around 67.20 - 68.90 million VND/tael, down 100 thousand VND/tael for buying and down 100 thousand VND/tael for selling compared to yesterday.

World gold price

The world gold price this afternoon was trading at 2,156 USD/ounce, down slightly by nearly 6 USD compared to the previous session. Currently, the world gold price converted according to the listed exchange rate is about 64.7 million VND/tael, lower than ring gold by over 4 million VND and lower than SJC gold by over 16.5 million VND/tael.

World gold price chart this afternoon

This week, the US producer price index (PPI) for February was higher than January and the US consumer price index (CPI) for February increased more than expected, showing that inflation is still a problem for the world's leading economy. This will put pressure on the US Federal Reserve to cut interest rates this year.

Meanwhile, the yield on the benchmark 10-year Treasury note rose nearly 20 basis points to 4.2786% for the week, and the U.S. dollar index rose about 0.7%. A stronger dollar weighed on gold.

Investors are currently waiting for the Fed's two-day policy meeting on March 19-20 and most predict the central bank will keep interest rates unchanged at this meeting.

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