Gold price today, March 3, increased sharply. The price of gold rings and SJC gold bars increased sharply by 600,000 VND per tael in both buying and selling directions.
Gold prices increased sharply
Gold price today, March 4, increased sharply. Opening the gold trading session on the morning of March 4, gold and silver trading units adjusted the gold price sharply.
Saigon Jewelry Company Limited - SJC listed the price of SJC gold bars at 89.6 - 91.6 million VND/tael for buying and selling.
DOJI Group listed the price of SJC gold bars today at 89 - 91 million VND/tael.
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| Gold price today, gold ring price, SJC gold bar price listed at Bao Tin Minh Chau this morning March 4. Screenshot |
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at around 91.2 - 92.4 million VND/tael.
Compared to the opening time of the trading session yesterday morning, March 3, gold trading units have adjusted the gold price up sharply today.
Gold price at Saigon Jewelry Company Limited - SJC increased by 600,000 VND/tael in both buying and selling directions.
Today's gold price at Bao Tin Minh Chau was also adjusted up by 700,000 VND per tael in both buying and selling gold.
Similarly, for gold rings, at the opening of the trading session on the morning of March 4, the price of gold rings at Bao Tin Minh Chau was traded at around 91.2 - 92.4 million VND/tael for buying and selling. The price of gold rings today at this unit was also adjusted to increase sharply compared to the same time on March 3.
Today's gold ring price at Saigon Jewelry Company Limited - SJC is also listed at 89.6 - 91.5 million VND/tael for buying and selling. Compared to yesterday, March 3, the gold ring price at this unit was adjusted up 600,000 VND for buying and selling.
Domestic gold prices increased in the opposite direction to the decline in world gold prices. At 9:30 a.m., world gold prices stood at 2,885 USD/ounce, up about 22 USD. Converted to the USD exchange rate, world gold prices are about 89.5 million VND/tael, excluding taxes and fees.
Gold price increase should sell gold
Although the price of gold today increased sharply, compared to the peak on February 24 (SJC listed the price of gold bars at 89.7 - 92 million VND/tael for buying and selling), until today, gold buyers still have not made a profit, and many gold investors are still suffering heavy losses.
If an investor buys gold bars at SJC on February 24 at 92 million VND/tael and sells them today at 89.6 million VND/tael, the investor will immediately lose 2.4 million VND/tael.
But if you bought gold yesterday morning at 91 million VND/tael and sold it today at 89.6 million VND/tael, the investor's loss has decreased to 1.4 million VND/tael.
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| Today's gold price, gold ring price, gold bar price increased today, but many people who bought gold before still haven't made a profit. Photo: Thuy Duong |
Thus, although the gold price increased sharply today, many investors who bought gold earlier still have not made a profit.
However, according to the recommendations of many economic experts, gold is a safe, long-term asset. Investors should not buy gold for investment at this time. If they have previously invested gold, they can sell it or hold it.
"For those who bought gold at the beginning of last year, now they are sure to make a profit when selling, so they should consider selling to take profit" - experts recommend, but still note that investors and people should monitor gold price movements on official channels, because according to forecasts, gold prices in the future still have a lot of room to increase when political and economic fluctuations have not stopped.
In recent trading sessions, the price of plain gold rings has often fluctuated in the same direction as the world gold price. In the context of the world market recording a strong increase, the price of domestic gold rings may increase. |
Source: https://congthuong.vn/gia-vang-hom-nay-tang-cao-co-nen-ban-vang-chot-loi-376655.html
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