| Gold price increased the most in a week, SJC gold reached 79 million VND/tael. Gold price today has mixed developments, SJC gold decreased but 999.9 gold ring increased. |
Domestic gold price
Gold price traded at noon on February 24, SJC gold price was traded by DOJI Group at 76.50 - 78.65 million VND/tael, an increase of 50 thousand VND/tael for buying and an increase of 50 thousand VND/tael for selling compared to the closing price yesterday.
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| Gold price increased slightly at the end of the week, SJC gold is selling for 78.65 million VND/tael |
The price of SJC gold bars traded at Saigon Jewelry Company is at 76.55 - 78.65, up 30 thousand VND/tael for buying and up 30 thousand VND/tael for selling compared to yesterday's closing price.
The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 76.70 - 78.60 million VND/tael, up 50 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to the previous closing price. The difference between buying and selling is 1.9 million VND/tael.
At Bao Tin Manh Hai, SJC gold bars are being traded at 79.70-78.60 million VND/tael for buying and selling, an increase of 150 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to yesterday.
At Phu Quy Group, the price of SJC gold bars is currently trading around 76.75 - 78.65 million VND/tael for buying and selling, an increase of 150 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to yesterday.
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| Gold price traded at Phu Quy Group |
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 64.68 - 65.78 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 64.30 - 65.50, 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 64.20 - 65.40 million VND/tael, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday.
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Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings are being traded at Bao Tin Manh Hai Company at around 64.68 - 65.78 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 64.30 - 65.50 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 64.20 - 65.40 million VND/tael, down 50,000 VND/tael for buying and down 50,000 VND/tael for selling compared to yesterday.
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| Gold price traded at Bao Tin Manh Hai Company |
At Phu Quy Group, Phu Quy 999.9 Round Ring and Phu Quy 999.9 God of Wealth are trading around 64.55 - 65.65 VND/tael, an increase of 50 thousand VND/tael for buying and an increase of 50 thousand VND/tael for selling compared to yesterday.
24K 999.9 gold is trading around 63.90 - 65.30 million VND/tael, up 50 thousand VND/tael for buying and up 50 thousand VND/tael for selling compared to yesterday.
World gold price
According to Kitco, the world gold price at noon today (February 25) Vietnam time was at 2,035 USD/ounce, a sharp increase of more than 30 USD/ounce (equivalent to about 900,000 VND/tael). The world gold price recovered after a sharp decline last week.
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| World gold price chart this afternoon |
Converted at the current exchange rate at Vietcombank , the world gold price is about 59.717 million VND/tael (excluding taxes and fees). Currently, the world gold price converted at the listed exchange rate is about 60.8 million VND/tael, nearly 4 million VND/tael lower than ring gold and about 18 million VND/tael lower than SJC gold.
The yellow metal ended the week on a positive note and completed a significant weekly gain, underpinned by a weakening US dollar and increased safe-haven demand.
However, precious metals will find it difficult to make a strong breakthrough in the context of the US Federal Reserve (FED) showing its stance of not cutting interest rates as planned to control inflation.
Gold prices are poised to rise amid continued buying by central banks and higher demand in emerging markets, according to a recent report from Goldman Sachs.
But several factors limit the possibility of gold prices falling, such as ongoing strong central bank buying and high geopolitical tensions…
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