(NLDO) – The price of SJC gold bars and gold rings continues to increase following the strong upward trend of world prices.
On the morning of March 20, the price of SJC gold bars and gold rings continued to be pushed up to a new high by SJC, PNJ, and DOJI enterprises, at 98.6 million VND/tael for buying and 100.4 million VND/tael for selling - an increase of 1 million VND per tael compared to yesterday morning.
The difference between buying and selling prices widened to nearly 2 million VND/tael.
Not only gold bars, the price of 99.99 gold rings and jewelry gold of all kinds also reached a historical peak. 99.99 plain gold rings were listed by businesses for buying at 98.4 million VND/tael, selling at 100.4 million VND/tael - an increase of 1 million VND/tael compared to yesterday morning.
In just 1 week, the price of SJC gold bars and gold rings increased by nearly 5 million VND/tael.
Domestic gold prices continue to set new peaks
Domestic gold prices increased as world prices continuously reached new peaks following world prices. In the international market, gold prices at 9:00 a.m. were traded at $3,050/ounce, up about $20/ounce compared to the previous session. This is also the highest level of world gold prices at the moment.
According to analysts, the US Federal Reserve (FED) announced that it would keep interest rates at a target range of 4.25% to 4.5% per year. However, the organization's policymakers said there would be two interest rate cuts in 2025. The FED's economic outlook also showed that inflation in the US would be higher and economic growth would be lower. These factors have investors worried that the US economy could decline, making gold the investment channel of choice.
Currently, the world gold price converted according to the listed exchange rate is about 95 million VND/tael.
Source: https://nld.com.vn/vuot-100-trieu-dong-gia-vang-mieng-sjc-vang-nhan-van-lap-dinh-moi-196250320090038177.htm
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