At 17:24 p.m. on March 3, 2024, the domestic SJC gold price fluctuated slightly compared to dawn of the same day. Saigon Gold, Silver and Gemstone Company Limited - SJC listed SJC gold buying price at 78 million VND/tael and selling price at 80,3 million VND/tael.
Compared to dawn of the same day, the SJC gold price at this unit was adjusted slightly down by 20.000 VND on the selling afternoon and kept the same price on the buying afternoon.
Compared to last week's closing session, the gold price here was adjusted down by 1,2 million VND/tael of buying and 1,4 million VND/tael of selling. The buying and selling difference at this unit is at 2,3 million VND.
 |
| Gold prices listed at Saigon Gold, Silver and Gemstone Company Limited - SJC. Screenshot of website at 17:00 p.m. March 24, 3 |
Similarly, at the same time, Bao Tin Minh Chau listed the buying price of SJC gold at 78 million VND/tael and selling at 79,85 million VND/tael. Compared to dawn of the same day, the price of SJC gold at this unit was adjusted down 50.000 VND on the buying side and down 100.000 VND on the selling side. The difference between buying and selling prices at this unit is at 1,85 million VND.
 |
| Gold price listed at Bao Tin Minh Chau. Screenshot of website at 17:00 on March 24, 3 |
Thus, today, gold price is stable compared to yesterday but still anchored at more than 80 million VND/tael. Domestic gold prices also decreased for the second consecutive week. If calculated from the peak of gold price at 2 million VND/tael, each tael of SJC gold has decreased by about 82,5 million VND/tael.
Last week, the price of gold adjusted sharply down, combined with the high difference between buying and selling gold, causing investors to suffer heavy losses.
If you buy gold at Saigon Jewelry Company Limited - SJC on the morning of March 17 for 3 million VND/tael and sell it this afternoon (March 81,72) for 24 million VND/tael , investors lost more than 3 million VND/tael.
The current gold price difference between buying and selling is listed at around 2-2,3 million VND/tael. This difference is considered very high. Investors face the risk of loss when making short-term investments.
On the world market, the price of gold on Kitco closed the weekend session at 2.164 USD/ounce. Gold futures price for delivery in June 6 on the Comex New York floor is trading at 2024 USD/ounce. At the current price, the world gold price converted to VND (taxes and processing fees included) is different from the domestic SJC gold price of about 2.166 million VND/tael.
This difference has narrowed a lot compared to about 16-17 million VND/tael a few weeks ago, especially narrowed compared to the record peak of about 18-19 million VND/tael between SJC gold and the world at the end of the year. last.
 |
| The difference between buying and selling gold is considered very high. Investors face the risk of loss when making short-term investments. Illustration |
According to experts, SJC gold prices cooled down quickly and narrowed the gap with the world in the context of the market expecting new moves on gold bar management proposals in the direction of abolishing SJC gold monopoly and licensing a number of gold bars. Enterprises are qualified to produce SJC gold and gold rings.
In the context of gold prices continuing to fall sharply, many experts recommend that investors and people who buy gold at prices lower than the purchase price at this time should consider selling gold to take profits. . The reason is because the domestic gold market is being affected by the world gold market after a dovish announcement from the US Federal Reserve (FED). Not to mention, the domestic gold market is holding its breath waiting for specific operating instructions from the Government and State Bank.
Previously, the Government had issued instructions and requests to immediately handle the difference between domestic and world gold bar prices, to prevent the "goldenization" of the economy, and to strictly handle acts that cause destabilization and safety of the gold market and acts of smuggling, manipulation, and profiteering speculation, pushing up the price of gold bars.
“In the near future, if the State Bank increases the supply of SJC gold bars to the market, the price of gold will decrease, so at this time, if investors have made a profit, they should consider selling gold to take profits to avoid losses. hole" – some experts recommend.
