Gold price today increased by 900 thousand, SJC gold sold for 81.90 million VND/tael

Gold price today decreased slightly, SJC gold remained at 81.72 million VND/tael Gold price today plummeted, 999.9 gold ring fell below 69 million VND/tael

Gold price domestic

At noon on March 19, the gold price reversed and increased by 900,000 VND/tael compared to yesterday. Specifically, the SJC gold price traded at Saigon Jewelry Company in Ho Chi Minh City was around 79.90 - 81.90 million VND/tael, an increase of 900,000 VND/tael for buying and 900,000 VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is 2 million VND/tael.

Giá vàng hôm nay quay đầu tăng 900 ngàn, vàng SJC bán ra 81,90 triệu đồng/lượng

The price at Saigon Jewelry Company in Hanoi is around 79.90 - 81.92 million VND/tael, an increase of 900 thousand VND/tael for buying and 900 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is 2 million VND/tael.

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 79.90 - 81.70 million VND/tael, an increase of 850 thousand VND/tael for buying and 800 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 79.80 - 81.80 million VND/tael for buying and selling, an increase of 600 thousand VND/tael for buying and an increase of 600 thousand VND/tael for selling compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 80.00 - 81.75 million VND/tael, an increase of 900 thousand VND/tael for buying and 900 thousand VND/tael for selling compared to the previous closing price.

In addition, the price of 999.9 gold rings (24k) today also reversed to increase. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Minh Chau Company traded at 68.02 - 69.22 million VND/tael for buying and selling, an increase of 320 thousand VND/tael for buying and an increase of 300 thousand VND/tael for selling compared to yesterday.

Thang Long 999.9 (24k) gold jewelry is trading around 67.40 - 68.90 million VND/tael, an increase of 200 thousand VND/tael for buying and 200 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 67.96 - 69.16 million VND/tael for buying and selling, an increase of 200,000 VND/tael for buying and an increase of 200,000 VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 67.15 - 68.85 million VND/tael, an increase of 150 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 67.05 - 68.75 million VND/tael, an increase of 150 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to yesterday's closing price.

At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 67.90 - 69.10 VND/tael, an increase of 200,000 VND/tael for buying and an increase of 200,000 VND/tael for selling compared to yesterday.

Gold price traded at Phu Quy Group

24K 999.9 gold is trading around 67.30 - 68.80 million VND/tael, up 200 thousand VND/tael for buying and up 200 thousand VND/tael for selling compared to yesterday.

World gold price

At the same time, the spot gold price in the Asian market stood at 2,161 USD/oz, down 0.7 USD/oz compared to the closing price on Monday in the US - according to data from the Kitco exchange. This price is equivalent to about 64.8 million VND/tael if converted according to the USD selling rate at Vietcombank, up 200,000 VND/tael compared to yesterday morning.

World gold price chart this afternoon

Compared to the converted world gold price, the retail price of SJC gold is 17-17.1 million VND/tael higher and the price of gold rings is about 4.4 million VND/tael higher.

Gold prices look set to extend their recent decline as the technical and fundamental picture worsens, according to Arslan Butt, chief commodities and indices analyst at FX Leaders.

The decline was due to US inflation data released last week, which raised expectations that the Federal Reserve would maintain its high interest rate stance for an extended period. This scenario, in turn, strengthened US Treasury yields, giving a boost to the US dollar and putting pressure on gold.

Still, Butt said the market is pricing in a rate cut from the Federal Reserve as early as June.

“This expectation, combined with ongoing geopolitical tensions, is expected to underpin gold prices, preventing further significant losses,” he said.

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