Gold price is high today, should I buy gold for investment?

Gold price increased sharply today

Gold price today March 26, today's gold price increased sharply. Gold ring price, SJC gold bar price were simultaneously adjusted to increase by gold trading establishments.

Opening the trading session on the morning of March 26, at 9:06 a.m., Saigon Jewelry Company Limited - SJC listed the price of SJC gold bars at 96.5 - 98.2 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 listed SJC gold price at 96 - 97.9 million VND/tael for buying and selling.

This morning, Bao Tin Minh Chau is also listing the price of gold rings at 96.3 - 98.8 million VND/tael for buying and selling.

Saigon Jewelry Company Limited - SJC is buying and selling gold rings at 96.4 - 98 million VND/tael.

Compared to 11am on March 25, today's gold ring price has been adjusted by Bao Tin Minh Chau to increase by 500,000 VND per tael in both buying and selling directions.

Similar to the price of SJC gold bars, this morning, Bao Tin Minh Chau also adjusted the price of SJC gold to increase by 1 million VND/tael for buying and 500,000 VND/tael for selling.

Gold prices increased very high today, the increase shows no sign of stopping. Photo: Quang Minh

This morning, Saigon Jewelry Company Limited - SJC also adjusted the price of SJC gold up by 900,000 VND/tael for buying and 600,000 VND/tael for selling.

After businesses adjusted the buying price of gold sharply, the difference between buying and selling prices of SJC gold bars has narrowed to 1.9 - 2 million VND/tael.

Why is the price of gold increasing?

World gold price, at 9:06 a.m. on March 26, world gold price is around 3,025 USD/ounce.

The increase in world gold prices has led to an increase in domestic gold prices. According to analysis from experts, the increase in world gold prices is due to increased demand from investors.

Experts say that when the gold price dropped to 3,010 USD/ounce, investors and people rushed to buy gold. The gold buying psychology pushed the world gold price to increase to 3,035 USD/ounce at one point.

In the context of gold prices increasing again, many investors and people are wondering whether they should buy gold for investment. Giving advice, experts from Bao Tin Minh Chau recommend that gold prices are at their peak, investors and people buying gold need to consider carefully, regularly update gold prices to make the right decision.

In the world, the price of gold today fluctuates around 3,022 USD/ounce, up about 11 USD compared to the same time last session. This price is equivalent to 93.93 million VND/tael when converted according to the USD exchange rate at Vietcombank.

Hoang Giang

Source: https://congthuong.vn/gia-vang-hom-nay-tang-cao-co-nen-mua-vang-dau-tu-380019.html