Gold price today March 3, world gold price, domestic gold price decreased sharply. After 1 week, gold ring price, gold bar price decreased by nearly 1 million VND per tael.
Gold prices will fall sharply
Gold prices today have not stopped falling. Opening the trading session on March 3, at 9:00 a.m., Saigon Jewelry Company Limited - SJC listed the price of SJC gold bars at 89 - 91 million VND/tael for buying and selling.
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| Gold prices are listed at Saigon Jewelry Company Limited - SJC. Screenshot at 9:30 a.m. on March 3 |
At the same time, DOJI Group is selling SJC gold bars at 88.5 - 90.5 million VND/tael for buying and selling.
Bao Tin Minh Chau also listed the price of SJC gold bars at 90.5 - 91.7 million VND/tael for buying and selling.
Similarly, at the same time, Bao Tin Minh Chau is also trading gold ring prices at 90.5 - 91.7 million VND/tael.
Saigon Jewelry Company Limited - SJC sells gold rings at 89 - 90.9 million VND/tael.
At the same time, the world gold price regained its upward momentum, increasing by more than 30 USD/ounce to 2,870 USD. Converted according to the exchange rate, excluding taxes and fees, this price is equivalent to about 89 million VND/tael.
According to statistics, the world gold price decreased by 3% during the week (from February 24 to March 3), and many experts predict that this week, the world gold price will continue to decrease sharply. Thus, the domestic gold price will fluctuate according to the world gold price but with a certain delay.
Gold price drops, gold buyers suffer heavy losses
According to a preliminary survey by reporters, in the past week (from February 24 to March 3), the price of gold rings and gold bars in the country has evaporated by nearly 1 million VND/tael.
If on February 24, Saigon Jewelry Company Limited - SJC listed the price of SJC gold bars at 89.7 - 92 million VND/tael for buying and selling, then today, March 3, the price of gold bars at this unit has decreased by 700,000 VND for buying and 1 million VND for selling.
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| Gold prices fell sharply today, with more gold buyers than sellers. Photo: Hoang Giang |
The price of gold rings decreased by a similar amount. On February 24, SJC listed the price of gold rings at 89.7 - 91.9 million VND/tael for buying and selling. Today, the price of gold rings at this unit decreased by 700,000 - 900,000 VND/tael for buying and selling.
In the context of falling domestic gold prices, many investors and people are looking for opportunities to buy gold for investment. Statistics from Bao Tin Minh Chau show that at its gold trading establishments, in the context of falling gold prices, there are more people coming to buy gold than to sell.
"The number of customers buying and selling has a ratio of 60% buying and 40% selling" - Bao Tin Minh Chau representative said and recommended that investors and people should consider before trading gold and regularly monitor gold prices on official channels to make the most correct decision.
According to Kitco News’ weekly gold price survey of experts, of the 14 experts, 3 experts (21%) expect gold prices to continue to rise, 9 experts (64%) predict prices will fall. The remaining two experts (14%) maintain a neutral view. |
Source: https://congthuong.vn/gia-vang-hom-nay-giam-manh-nha-dau-tu-do-xo-di-mua-376483.html
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