Gold price dropped today, should people buy gold?

Gold price today dropped sharply

Gold price today March 25, gold ring price, gold bar price today decreased sharply. Gold ring price, gold bar price decreased to nearly 97 million VND/tael in the buying direction.

At 11:00 a.m. on March 25, the price of SJC gold bars today was listed by Saigon Jewelry Company Limited - SJC at 94.9 - 97.4 million VND/tael for buying and selling.

Today's gold price, gold ring price, gold bar price listed at Saigon Jewelry Company Limited - SJC

Bao Tin Minh Chau is also listing the price of SJC gold bars at 95 - 97.4 million VND/tael for buying and selling.

At 11:00 a.m. on March 25, PNJ also listed the price of SJC gold bars at 94.9 - 97.4 million VND/tael for buying and selling.

Today's gold bar prices are being adjusted up and down unevenly by gold trading establishments in both buying and selling directions.

Specifically, compared to 9:00 a.m. on March 24, today Saigon Jewelry Company Limited - SJC adjusted the buying price of SJC gold up by 500,000 VND and kept the selling price unchanged.

The difference between buying and selling prices at SJC has narrowed from 3 million VND to 2.5 million VND per tael.

Today's gold ring price is also adjusted up and down inconsistently by gold and gemstone businesses.

At 11:00 a.m. on March 25, Saigon Jewelry Company Limited - SJC listed the price of gold rings at 94.8 - 97.2 million VND/tael for buying and selling.

Bao Tin Minh Chau is also buying and selling gold rings at 95.8 - 98.3 million VND/tael.

Compared to 9:00 a.m. on March 24, Bao Tin Minh Chau adjusted the selling price of gold rings down by VND 200,000/tael.

Gold prices fall as investors rush to buy gold?

Gold prices today decreased following the general decline in world gold prices. At 11:00 a.m. on March 25, world gold prices were around 3,015 USD/ounce, equivalent to 93.99 million VND/tael.

However, despite the decline, the gold market remained firm above $3,000/ounce as the US economy sent mixed signals, with manufacturing activity continuing to decline and the service sector showing growth.

Gold price dropped today, should people buy gold for investment? Photo: Quang Hieu

According to experts, the temporary recovery in the service sector may not be enough to sustain the growth momentum of the US economy, because if it is only a short-term recovery, the economy still faces many unstable factors. This makes investors tend to be interested in gold as a safe investment channel.

At the same time, tariffs on imported goods are increasing costs for companies, which means that inflation could rise further. As inflation increases, the value of the US dollar could fall, creating a favorable environment for gold to rise, as gold is often seen as a hedge against inflation.

Experts recommend that investors and people who want to buy gold at this time should consider carefully and monitor gold market trends to make the right and reasonable investment decisions to avoid losses when investing in gold.

Gold prices today decreased following the general decline in world gold prices. At 11:00 a.m. on March 25, world gold prices were around 3,015 USD/ounce, equivalent to 93.99 million VND/tael.

Hoang Giang

Source: https://congthuong.vn/gia-vang-hom-nay-sut-giam-nguoi-dan-co-nen-mua-vang-379892.html