Gold price today slightly decreased, SJC gold remained at 81.72 million VND/tael

Gold price domestic

At noon on March 17, 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.

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 - 81.45 million VND/tael, equal to the buying price and up 50 thousand VND/tael for the selling price 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, equal to the buying price and selling price compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 79.60 - 81.72 million VND/tael, equal to the buying price and up 250 thousand VND/tael for the selling price 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 gold dragon gold bars and plain round rings at Bao Tin Minh Chau Company was traded at 68.13 - 69.38 million VND/tael for buying and selling, equal to the buying price and increased by 50 thousand VND/tael for selling compared to yesterday.

Thang Long 999.9 (24k) dragon gold jewelry is trading around 67.50 - 69.10 million VND/tael, equal to the buying price and selling price 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, equal to the buying price and selling price compared to yesterday's closing price.

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

Gold prices had a week of decline after hitting a record $2,194 an ounce last week.

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, equal to the buying price and selling price compared to yesterday.

24K 999.9 gold is trading around 67.20 - 68.90 million VND/tael, equal to the buying price and selling price compared to yesterday.

World gold price

The world gold price at the end of the week stood at 2,154 USD/ounce, down 23 USD compared to the end of last week. Converted according to Vietcombank's USD exchange rate, the world gold price is equivalent to 64.7 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 15.684 million VND/tael higher than the international gold price.

World gold price chart this afternoon

The precious metal had a losing week after hitting a record $2,194 an ounce last week. Next week, the big event affecting the gold market is the interest rate decision meeting of the US Federal Reserve (Fed), Bank of Japan (BOJ), Reserve Bank of Australia, Bank of England (BoE) and Swiss National Bank.

Some analysts believe that gold prices will continue to decline. Speaking to Kitco News, Marc Chandler, CEO of Bannockburn Global Forex, said that gold prices will fall to $2,130 and even $2,110 an ounce as the market doubts the Fed will cut interest rates in June.

James Stanley, senior market strategist at Forex.com, agrees that gold will have a bearish week, predicting that investors will sell to take profits before the Fed's policy meeting on March 19-20. However, some analysts maintain a neutral view and believe that gold prices may fluctuate after each Fed meeting, but the long-term outlook still depends on what Fed Chairman Jerome Powell will say after the meeting...

Saxo Bank commodity strategist Ole Hansen is among those predicting a decline in gold next week, after reviewing recent inflation data that he said showed “hotter” inflation increases the likelihood that the Federal Reserve will delay a policy pivot for longer.

Source: https://congthuong.vn/gia-vang-hom-nay-giam-nhe-vang-sjc-giu-muc-8172-trieu-dongluong-309165.html