Gold price domestic
At noon on March 20, the gold price decreased slightly compared to yesterday. Specifically, the SJC gold price traded at Saigon Jewelry Company in Ho Chi Minh City was around 79.70 - 81.70 million VND/tael, down 200 thousand VND/tael for buying and down 200 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is 2 million VND/tael.
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The price at Saigon Jewelry Company in Hanoi is around 79.70 - 81.72 million VND/tael, down 200 thousand VND/tael for buying and down 200 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is 2 million VND/tael.
The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 79.75 - 81.55 million VND/tael, down 150,000 VND/tael for buying and down 150,000 VND/tael for selling compared to the previous closing price.
At Phu Quy Group, the price of SJC gold bars is currently trading around 79.70 - 81.60 million VND/tael for buying and selling, down 100,000 VND/tael for buying and down 200,000 VND/tael for selling compared to yesterday.
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The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 79.75 - 81.55 million VND/tael, down 200,000 VND/tael for buying and down 250,000 VND/tael for selling compared to the previous closing price.
In addition, the price of 999.9 gold rings (24k) today also decreased slightly. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Minh Chau Company was traded at 68.02 - 69.22 million VND/tael for buying and selling, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday.
Thang Long 999.9 (24k) gold jewelry is trading around 67.40 - 68.90 million VND/tael, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday.
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| Gold price traded at Bao Tin Manh Hai |
Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings are being traded at Bao Tin Manh Hai Company at around 68.02 - 69.22 million VND/tael for buying and selling, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday's closing price.
The price of 999.9 gold is around 67.20 - 68.90 million VND/tael, an increase of 50 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 67.10 - 68.80 million VND/tael, an increase of 50 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to yesterday's closing price.
At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 67.90 - 69.10 VND/tael, down 50,000 VND/tael for buying and down 50,000 VND/tael for selling compared to yesterday.
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| Gold price traded at Phu Quy Group |
24K 999.9 gold is trading around 67.30 - 68.80 million VND/tael, down 50 thousand VND/tael for buying and down 50 thousand VND/tael for selling compared to yesterday.
World gold price
On the world gold market, the spot gold price on Kitco at noon on March 20 (Vietnam time) was trading at 2,156 USD/ounce, down 6 USD compared to yesterday morning. This price after conversion is equivalent to 64.8 million VND/tael, lower than SJC gold by about 16.9 million VND/tael and lower than the price of 9999 gold rings by about 3.9 - 4.3 million VND/tael.
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| World gold price chart this afternoon |
World gold prices were almost flat ahead of the US Federal Reserve's policy meeting today. The meeting is expected to provide more information on when the Fed will start cutting interest rates for the first time this year.
The market now seems certain that the US central bank will keep interest rates unchanged at this meeting. What the market is waiting for is the updated economic and interest rate forecasts from policymakers.
According to CME's FedWatch interest rate tracker, investors are currently pricing in about a 51% chance that the Fed will cut interest rates in June.
Central banks in Japan, the UK, Australia, Norway, Switzerland, Mexico, Brazil and Indonesia will also meet this week. Experts predict that these banks will keep their current interest rates unchanged.
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