| Gold prices at the beginning of the week had mixed movements, 999.9 gold rings continued to increase, SJC gold decreased slightly. SJC gold prices and 999.9 gold rings today continued to increase. |
Gold price domestic
At noon on March 13, the price of SJC gold traded at Saigon Jewelry Company in Ho Chi Minh City was around 79.20 - 81.20 million VND/tael, down 1.3 million VND/tael for buying and 1.3 million VND/tael for selling compared to yesterday's closing price. The difference between buying and selling was 2 million VND/tael.
 |
The price at Saigon Jewelry Company in Hanoi is around 79.20 - 81.22 million VND/tael, down 1.3 million VND/tael for buying and 1.3 million 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 79.20 - 81.15 million VND/tael, down 1.15 million VND/tael for buying and down 1 million VND/tael for selling compared to the previous closing price.
 |
At Phu Quy Group, the price of SJC gold bars is currently trading around 79.10 - 81.10 million VND/tael for buying and selling, down 1.3 million VND/tael for buying and down 1.1 million VND/tael for selling compared to yesterday.
The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 79.20 - 81.15 million VND/tael, down 1.25 million VND/tael for buying and down 1 million VND/tael for selling compared to the previous closing price.
In addition, the price of 999.9 gold rings (24k) today also followed the world 's downward trend. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Minh Chau Company traded at 68.18 - 69.58 million VND/tael for buying - selling, down 1.9 million VND/tael for buying and down 1.8 million VND/tael for selling compared to yesterday.
Thang Long 999.9 (24k) gold jewelry is trading around 67.65 - 69.25 million VND/tael, down 1.95 million VND/tael for buying and down 1.85 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 68.18 - 69.58 million VND/tael for buying and selling, down 1.9 million VND/tael for buying and down 1.8 million VND/tael for selling compared to yesterday's closing price.
The price of 999.9 gold is around 67.20 - 69.25 million VND/tael, down 1.9 million VND/tael for buying and 1.8 million VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 67.10 - 69.15 million VND/tael, down 2 million VND/tael for buying and 2 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 67.90 - 69.40 VND/tael, down 2 million VND/tael for buying and down 2 million VND/tael for selling compared to yesterday.
24K 999.9 gold is trading around 67.50 - 69.20 million VND/tael, down 2 million VND/tael for buying and down 1.95 million VND/tael for selling compared to yesterday.
World gold price
On the world gold market, the spot gold price on Kitco at noon on March 13 (Vietnam time) was trading at 2,158 USD/ounce, down about 20 USD compared to yesterday afternoon. This price after conversion is equivalent to 64.5 million VND/tael, lower than SJC gold by about 17.7 million VND/tael and lower than the price of 9999 gold rings by about 5.1 - 6.3 million VND/tael.
 |
| World gold price chart this afternoon |
World gold prices turned down due to US inflation rising again in February and being hotter than expected. This leads to the possibility that the Federal Reserve (Fed) will have difficulty cutting interest rates. Specifically, according to the announcement of the Bureau of Labor Statistics under the US Department of Labor in the early morning of March 13, the overall consumer price index (CPI) increased by 0.4% in February compared to January and increased by 3.2% compared to the same period last year.
In the medium and long term, the Fed will enter a rate cut cycle and precious metals will be strongly supported. However, gold has increased sharply since the end of 2023 and in the first 2 months of 2024. The possibility of gold prices continuing to skyrocket is no longer highly appreciated.
Recently, many forecasts say that gold will continue to increase in the second half of the year but at a slow pace. Most likely, the price of gold will reach 2,200 USD/ounce.
Source
Comment (0)