Gold price today March 31: SJC gold bars exceed 101 million VND/tael

Saigon Jewelry Company - SJC increased the buying price of SJC gold bars by VND800,000 per tael, to VND99.2 million, and the selling price increased by VND500,000, to VND101.2 million. Other gold trading units such as Doji also increased the buying price to VND99.2 million, and the selling price to VND101.2 million. Phu Quy Company increased the buying price of SJC gold bars by VND800,000 per tael, to VND99.2 million, and the selling price to VND101.2 million... This is the highest price of SJC gold bars ever.

The price of gold rings at SJC Company is 98.3 million VND for buying and 100.4 million VND for selling. Meanwhile, Phu Quy Company increased by 500,000 VND per tael, buying to 99.2 million VND, selling to 101.2 million VND, an increase of 100,000 VND per tael. The difference between the buying and selling price of domestic gold has been reduced to 2 million VND/tael. SJC gold bars are 5.2 million VND more expensive than the world price instead of 4.7 million VND/tael before, while gold rings are 4.4 - 5.2 million VND higher.

SJC gold bar buying price increased by 300,000 VND/tael (PHOTO: NGOC THACH)

World gold prices fluctuated strongly on the morning of March 31. After soaring to a record high of 3,097 USD/ounce, the precious metal turned around and fell sharply to 3,080 USD/ounce before recovering to 3,090 USD. Gold is approaching the market's expected price of 3,100 USD/ounce. Mr. David Morrison, senior market analyst at Trade Nation, noted that gold has pushed into the overbought zone, investors should be cautious at the current price. The recent drop in gold prices was responded to by a new wave of buying, but the price increase increases the possibility of a larger gold selling wave in the coming period.

Investors say that even with higher prices, gold remains an attractive safe-haven asset. There are both technical and fundamental reasons for gold to continue to move higher from here. Given everything going on in the global economy right now and how the Trump administration is trying to restructure global trade, there is a lot of uncertainty, and that is good for gold. Some analysts say $3,100 an ounce is a key level to watch and could signal a short-term top in the market.

This week, some economic information was released that had an impact on gold prices. Including the US ISM manufacturing PMI index, the US imposed global import tariffs , ADP non-farm payrolls, weekly unemployment claims, US non-farm payrolls.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-3132025-vang-mieng-sjc-vuot-len-tren-101-trieu-dong-luong-185250331084155664.htm

Source: https://baolongan.vn/gia-vang-hom-nay-31-3-vang-mieng-sjc-vuot-len-tren-101-trieu-dong-luong-a192651.html