Gold price today, March 11, decreased by half a million VND per tael. Gold bar price at SJC decreased by 400,000 VND for buying and 500,000 VND for selling.
Gold price on March 11 decreased sharply
Gold prices today, March 11, suddenly dropped sharply. Domestic gold ring and gold bar prices dropped by half a million VND per tael.
Opening the trading session on the morning of March 11, Saigon Jewelry Company Limited - SJC listed the price of gold bars at 90.6 - 92.6 million VND/tael for buying and selling.
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| Gold price today March 11, gold ring price, gold bar price listed at SJC. Screenshot |
Compared to the same time yesterday morning, the price of SJC gold at this unit has been adjusted down by 400,000 VND for buying and down by 500,000 VND for selling.
Similarly, at Bao Tin Minh Chau, at 9:04 this morning, the price of SJC gold was being bought by this unit at 91.7 - 93.2 million VND/tael for buying and selling.
Compared to the same time yesterday morning, March 10, the price of SJC gold at this unit was also adjusted down by 400,000 VND for buying and down by 500,000 VND for selling.
The decrease in gold prices also narrowed the gap between buying and selling gold prices. Today, the gap between buying and selling gold prices is from 1.5 to 2 million VND/tael.
The price of gold rings today also decreased. Bao Tin Minh Chau is buying gold rings at 91.7 million VND/tael and selling at 93.2 million VND/tael. Compared to the same time yesterday, March 10, Bao Tin Minh Chau has adjusted down 200,000 VND in both buying and selling directions.
Although gold prices are high, statistics from Bao Tin Minh Chau show that the number of people buying gold is still greater than the number of people selling.
" According to records, on the morning of March 10, the number of customers buying and selling had a ratio of 60% buying and 40% selling" - Bao Tin Minh Chau said.
Gold price today dropped sharply, should you buy for investment?
Domestic gold prices fell following the decline in world gold prices. World gold prices fell sharply to $2,896/ounce. Gold prices fell as the US stock market came under strong selling pressure, leading gold investors to take short-term profits.
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| Buying gold for investment at this time needs to be carefully considered to avoid big risks. Photo: Kien Giang |
In the context of a sharp decline in domestic gold prices, experts recommend that investors be cautious in gold trading, especially not buying gold for investment at this time.
Analysts say gold prices are high and when they peak, the possibility of a correction is often higher than the chance of a sharp increase. Therefore, buying gold for investment at this time needs to be carefully considered to avoid major risks.
According to experts' forecasts, in the short term, gold prices will continue to fluctuate strongly, increasing rapidly and decreasing rapidly, depending on political instability in the world.
| Domestic gold prices fell following the decline in world gold prices. World gold prices fell sharply to $2,896/ounce. |
Source: https://congthuong.vn/gia-vang-hom-nay-giam-can-trong-khi-mua-vang-dau-tu-377692.html
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