Gold price today increased sharply like never before, SJC gold exceeded 82.20 million VND/tael

Gold price today increased by 500 thousand for both buying and selling, SJC gold sold for 81.32 million VND/tael. Gold price today increased by another 500 thousand, 999.9 gold ring exceeded 69 million VND/tael.

Gold price domestic

At noon on March 9, the price of SJC gold traded at Saigon Jewelry Company in Ho Chi Minh City was around 79.70 - 82.20, up 200 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling was up to 2.5 million VND/tael.

Giá vàng hôm nay tăng mạnh chưa từng có, vàng SJC vượt 82,20 triệu đồng/lượng

Saigon gemstone silver in Hanoi area is around 79.70 - 82.22 million VND/tael, up 200 thousand VND/tael for buying and up 700 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is up to 2.5 million VND/tael.

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 79.95 - 82.05 million VND/tael, an increase of 400 thousand VND/tael for buying and 600 VND/tael for selling compared to the previous closing price.

At Phu Quy Group, the price of SJC gold bars is currently trading around 79.90 - 82.10 million VND/tael for buying and selling, an increase of 400 thousand VND/tael for buying and an increase of 400 thousand VND/tael for selling compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 79.95 - 82.05 million VND/tael, an increase of 100,000 VND/tael for buying and 300 VND/tael for selling compared to the previous closing price.

In addition, the price of 999.9 gold rings (24k) today continued to increase sharply. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Minh Chau Company was traded at 68.93 - 70.13 million VND/tael for buying and selling, an increase of 900 thousand VND/tael for buying and an increase of 1.1 million VND/tael for selling compared to yesterday.

Thang Long 999.9 (24k) gold jewelry is trading around 68.40 - 69.70 million VND/tael, an increase of 1.05 million VND/tael for buying and 1.05 million 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 68.98 - 70.18 million VND/tael for buying and selling, an increase of 1.2 million VND/tael for buying and 1.2 million VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 68.45 - 69.75 million VND/tael, an increase of 1.2 million VND/tael for buying and 1.5 million VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 68.35 - 69.65 million VND/tael, an increase of 1.35 million VND/tael for buying and 1.25 million 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 68.95 - 70.15 VND/tael, an increase of 1.1 million VND/tael for buying and 1.2 million VND/tael for selling compared to yesterday.

24K 999.9 gold is trading around 68.30 - 69.60 million VND/tael, up 1.3 million VND/tael for buying and up 1.2 million VND/tael for selling compared to yesterday.

World gold price

At 10:30 a.m. today (March 9, Vietnam time), the world spot gold price stood at around 2,000 USD/ounce, up 13.6 USD/ounce compared to last night. The gold futures price for April 2024 delivery on the Comex New York floor was at 2,185.5 USD/ounce.

World gold price chart this afternoon

Gold price on Kitco floor (at 8:00 p.m., March 8, Vietnam time) traded at $2,165/ounce, up 0.29% compared to the beginning of the session. Gold futures price for April 2024 delivery on Comex New York traded at $2,173/ounce.

Gold prices on the world market continue to increase amid the possibility of the Fed adjusting interest rates this year. Chairman Jerome Powell leaned towards a dovish monetary policy when speaking before the US Congress this week. In which, the Fed has always persistently pursued the goal of reducing interest rates.

However, policymakers remain concerned about the risks posed by inflation and are reluctant to ease policy too quickly. The economic outlook is unclear, making it difficult to ensure solid progress in bringing interest rates back to the 2% target.

According to the CME FedWatch tool, the probability that the Federal Reserve will maintain current interest rates in March is 97% and 70.5% in May. However, the probability of a first rate cut in June is extremely high, currently at 71.5%.

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