| Gold price today decreased slightly, SJC gold remained at 81,72 million VND/tael Gold price today plummeted, gold ring 999.9 fell below the mark of 69 million VND/tael |
Gold price domestic
At noon on March 19, the gold price reversed and increased by 3 VND/tael compared to yesterday. Specifically, SJC gold price traded at Saigon Jewelry Company in the city area. Ho Chi Minh is around 900 - 79,90 million VND/tael, an increase of 81,90 thousand VND/tael for buying and an increase of 900 thousand VND/tael for selling compared to yesterday's closing session. The difference between buying and selling is 900 million VND/tael.
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Prices at Saigon Jewelry Company in Hanoi area are around 79,90 - 81,92 million VND/tael, an increase of 900 thousand VND/tael for buying and an increase of 900 thousand VND/tael for selling compared to yesterday's closing session. via. The difference between buying and selling is 2 million VND/tael.
SJC gold bar price at Bao Tin Minh Chau Company traded around 79,90 - 81,70 million VND/tael, an increase of 850 thousand VND/tael for buying and an increase of 800 thousand VND/tael for selling compared to the previous closing session. .
At Phu Quy Group, the price of SJC gold bars is currently trading around 79,80 - 81,80 million VND/tael of buying - selling, an increase of 600 VND/tael of buying and an increase of 600 VND/tael of buying. sold out compared to yesterday.
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SJC gold bar price at Bao Tin Manh Hai Company traded around 80,00 - 81,75 million VND/tael, an increase of 900 thousand VND/tael for buying and an increase of 900 thousand VND/tael for selling compared to the previous closing session. .
Besides, the price of gold ring (24k) 999.9 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 of buying - selling, an increase of 320 thousand VND/tael of buying. came in and increased 300 thousand VND/tael sold compared to yesterday.
Thang Long 999.9 dragon gold jewelry (24k) is trading around 67,40 - 68,90 million VND/tael, an increase of 200 thousand VND/tael purchased and an increase of 200 thousand VND/tael sold compared to yesterday. via.
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| Gold price traded at Bao Tin Manh Hai |
Similarly, Thang Long Golden Dragon blister rings and Kim Gia Bao blister rings are trading at Bao Tin Manh Hai Company around 67,96 - 69,16 million VND/buying - selling amount, an increase of 200 thousand VND. /tael of afternoon bought and increased by 200 thousand VND/tael of afternoon sold compared to yesterday's closing session.
Gold price 999.9 is around 67,15 - 68,85 million VND/tael, an increase of 150 thousand VND/tael for buying and an increase of 150 thousand VND/tael for selling compared to yesterday's closing session. The 99.9 gold price is currently moving around 67,05 - 68,75 million VND/tael, an increase of 150 VND/tael for buying and an increase of 150 VND/tael for selling compared to yesterday's closing session.
At Phu Quy Group, Phu Quy 999.9 round ring, Phu Quy 999.9 God of Wealth are trading around 67,90 - 69,10 VND/tael, an increase of 200 thousand VND/tael when purchased and an increase of 200 thousand VND/tael. sold compared to yesterday.
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| Gold price traded at Phu Quy Group |
24K 999.9 gold, is trading around 67,30 - 68,80 million VND/tael, an increase of 200 thousand VND/tael purchased and an increase of 200 thousand VND/tael sold compared to yesterday.
World gold price
At the same time, the spot price of gold in the Asian market stood at 2.161 USD/oz, down 0,7 USD/oz compared to Monday's closing session in the US - according to data from the Kitco trading floor. This price is equivalent to about 64,8 million VND/tael if converted at the USD selling rate at Vietcombank, an increase of 200.000 VND/tael compared to yesterday morning.
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| 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.
According to Arslan Butt, lead index and commodity analyst at FX Leaders, gold prices look set to continue their recent decline as the technical and fundamental picture worsens.
The decline was driven by US inflation figures released last week, which raised expectations that the Federal Reserve would maintain its stance of prolonged high interest rates. As a result, this scenario has strengthened US Treasury yields, giving a boost to the US dollar and putting pressure on gold.
Even so, Butt said the market is still predicting an interest rate cut from the Federal Reserve as early as June.
He said: “This expectation, combined with ongoing geopolitical tensions, is expected to underpin gold values, preventing further significant losses.”
