Gold price increased sharply today, SJC gold is anchored at 79 million VND/tael

Domestic gold price

Gold price at noon on February 26, SJC gold price at Saigon Jewelry Company in Ho Chi Minh City was around 76.80 - 79.00, up 230 thousand VND/tael for buying and up 350 thousand VND/tael for selling compared to yesterday's closing price.

The price of SJC gold bars traded at Saigon Jewelry Company in Hanoi is around 76.80 - 79.02 million VND/tael, an increase of 230 thousand VND/tael for buying and 370 thousand VND/tael for selling compared to the closing price yesterday.

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 76.85 - 78.80 million VND/tael, up 250 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to the previous closing price. The difference between buying and selling is 1.95 million VND/tael.

At Bao Tin Manh Hai, SJC gold bars are being traded at 76.85 - 78.80 million VND/tael for buying and selling, an increase of 250 thousand VND/tael for buying and 200 thousand VND/tael for selling compared to yesterday.

At Phu Quy Group, the price of SJC gold bars is currently trading around 76.80 - 78.80 million VND/tael for buying and selling, an increase of 50 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to yesterday.

Gold price traded at Bao Tin Manh Hai Company

In addition, the price of 999.9 gold rings today is on the rise. Specifically, the price of Thang Long Dragon gold rings at Bao Tin Minh Chau Company is traded at 64.63 - 65.73 million VND/tael for buying - selling, down 50 thousand VND/tael for buying, down 50 thousand VND/tael for selling compared to the closing price yesterday.

Thang Long 999.9 (24k) dragon gold jewelry is trading around 64.25 - 65.45, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday. Thang Long 99.99 (24k) dragon gold jewelry is trading around 64.15 - 65.35 million VND/tael, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday.

On the morning of February 26, the price of SJC gold bars is hovering around 79 million VND/tael.

Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings are being traded at Bao Tin Manh Hai Company at around 64.63 - 65.73 million VND/tael for buying and selling, down 50,000 VND/tael for buying and down 50,000 VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 64.25 - 65.45 million VND/tael, down 50,000 VND/tael for buying and down 50,000 VND/tael for selling compared to yesterday. The price of 99.9 gold is currently around 64.15 - 65.35 million VND/tael, down 50,000 VND/tael for buying and down 50,000 VND/tael for selling compared to yesterday.

Gold trading price at Phu Quy Group

At Phu Quy Group, Phu Quy 999.9 Round Ring and Phu Quy 999.9 God of Wealth are trading around 64.45 - 65.55 VND/tael, down 100,000 VND/tael for buying and down 100,000 VND/tael for selling compared to yesterday.

24K 999.9 gold is trading around 63.80 - 65.20 million VND/tael, down 100 thousand VND/tael for buying and down 100 thousand VND/tael for selling compared to yesterday.

World gold price

The spot gold price on Kitco on the morning of February 26 (Vietnam time) is trading at 2,031 USD/ounce, down about 3 USD compared to the closing price at the end of the week. This price, after being converted according to the exchange rate at Vietcombank, is equivalent to about 60.7 million VND/tael, lower than SJC gold by about 18.3 million VND/tael and lower than the price of 9999 gold rings by about 4 million VND/tael.

World gold price chart this afternoon

Wall Street is bullish on gold in the short term, according to the latest Kitco News weekly gold survey.

Gold continues to attract investor attention even after an imminent rate cut was ruled out, with many analysts and economists expecting the central bank to embark on a new easing cycle in June.

Analysts remain bullish on gold as interest rates are likely to fall. However, some believe gold could continue to struggle as many investors seek excitement in the stock market. Other analysts believe the continued rise of the S&P 500 also presents an opportunity for the precious metal.

“I think gold is ripe for a move above $2,000 an ounce once the U.S. stock market sees some recovery,” said Mike McGlone, senior market analyst at Bloomberg Intelligence. “The Fed is not easing amid the speculative rush into risk assets.”

The mining sector continues to underperform even as gold prices continue to rise. David Morrison, senior market analyst at Trade Nation, said the disappointing performance in the mining sector could put pressure on gold. However, he also noted that the negative sentiment could signal a bottom for mining companies and raw commodities.

Source: https://congthuong.vn/gia-vang-hom-nay-tang-manh-vang-sjc-dang-neo-moc-79-trieu-dongluong-305328.html