Gold prices increased sharply today as investors rushed to buy.

Today's gold prices, including gold rings and gold bars, rose sharply after a day of deep declines. SJC gold bars are selling for 93.3 million VND/ounce, and gold rings for 92.9 million VND/ounce.

Gold prices are rising continuously today.

Gold prices today, March 12th, are rising continuously after a sharp drop yesterday. Notably, this morning, gold prices increased hourly. At 8:40 AM, Saigon Jewelry Company Limited (SJC) listed the selling price of SJC gold bars at 93 million VND/ounce.

However, in just 9 minutes, the price of SJC gold bars at this establishment was adjusted upwards to 91.6 - 93.3 million VND/ounce for buying and selling respectively.

Today's gold prices, including the price of gold rings and gold bars, are listed at Saigon Jewelry Company Limited (SJC).

At the same time, Bao Tin Minh Chau is also listing SJC gold bars at 92 - 93.5 million VND/ounce for buying and selling.

PNJ Group is also listing SJC gold bars at 91-93 million VND/ounce.

Compared to the same time yesterday morning, March 11th, the price of gold today has been adjusted upwards by up to 1 million VND per ounce by gold trading establishments.

The price of SJC gold bars at Saigon Jewelry Company Limited (SJC) has been adjusted upwards by 1 million VND for buying and 700,000 VND for selling.

Bao Tin Minh Chau also adjusted the price of gold bars upwards by 300,000 VND/ounce for both buying and selling.

The buying price of SJC gold bars has been adjusted sharply upwards, narrowing the gap between buying and selling prices. The price difference for SJC gold bars at Saigon Jewelry Company Limited (SJC) is now only 1.7 million VND/ounce.

Today, the price of gold rings also increased in line with the price of SJC gold bars, setting another new record.

Bao Tin Minh Chau is currently trading gold rings at 92 - 93.5 million VND/ounce.

Saigon Jewelry Company Limited (SJC) is also listing gold rings at a high price of 91 - 92.9 million VND/ounce.

Gold prices surged today as investors rushed to buy. Photo: Quang Vinh

On the world market, at 9:00 AM on March 12th, the price of gold was trading at $2,915 per ounce, an increase of $20 compared to the same time yesterday morning.

According to experts, gold prices on the international market have risen sharply again as the US dollar strengthens and the world remains unstable.

Gold prices rebounded today due to strong demand for bargain hunting. In the previous session, gold prices plummeted despite global instability and declines in most other asset classes, from stocks and the US dollar to US government bond yields.

With gold prices rising, should you invest more?

Amidst the sharp increase in the price of gold rings and gold bars, many experts believe that investors need to be cautious when buying gold for investment at this time. Gold prices are at their peak and carry many risks, but with a sound and specific strategy, it is still possible to take advantage of profit opportunities from the gold market.

"Investors and the public should not buy gold based on emotions; a specific strategy is needed. It's crucial to clearly define whether the gold investment is for the long term or for short-term speculation, " analysts advise. In this context, investors should avoid short-term gold speculation because the price is very high, and the spread between buying and selling prices has narrowed. Therefore, short-term gold speculation in this situation is not profitable and may even result in losses.

On the world market, at 9:00 AM on March 12th, the price of gold was trading at $2,915 per ounce, an increase of $20 compared to the same time yesterday morning.

Source: https://congthuong.vn/gia-vang-hom-nay-tang-manh-do-nha-dau-tu-do-xo-di-mua-377837.html