Gold price increased sharply today, investors rushed to buy

Gold prices are at an all-time high today, but on March 5, many people lined up to buy gold. Gold pendants and rings are popular choices.

Gold price increased sharply by more than 1 million VND/tael

Today's gold price, SJC gold bar price is being listed by Saigon Jewelry Company Limited at 90.7 - 92.7 million VND/tael for buying - selling at the end of this afternoon, March 5.

DOJI Group is also listing today's gold price, SJC gold bar price is at 90.1 - 92.1 million VND/tael for buying - selling.

Today's gold price, gold ring price, SJC gold bar price are listed at Bao Tin Minh Chau. Screenshot

Bao Tin Minh Chau is also listing SJC gold price at 90.9 - 92.7 million VND/tael for buying and selling.

The price of gold bars at PNJ is also listed at 90.7 - 92.7 million VND/tael for buying and selling.

Compared to the opening time yesterday morning, March 4, the price of SJC gold bars was adjusted to increase sharply by business units. The price of SJC gold bars at Saigon Jewelry Company Limited increased sharply by 1.1 million VND/tael in both buying and selling directions.

The price of SJC gold bars at Bao Tin Minh Chau at the end of this afternoon is also listed at 1.1 million VND/tael higher for buying and selling.

Similarly, for gold rings, late this afternoon, the price of gold rings is also being listed by SJC Company at 90.7 - 92.6 million VND/tael for buying and selling. The price of gold rings today also increased sharply compared to the opening price of gold yesterday morning, March 4.

Today's gold price in the domestic market increased sharply following the world trend. The price of gold rings is at its highest level in history with the selling price of 92.6 million VND/tael.

Gold prices increase, many people still line up to buy gold

Gold prices are at an all-time high today, but today, March 5, many people are still rushing to buy gold. Gold face and gold rings are chosen by many people.

Although today's gold price, gold ring price, gold bar price are at historical levels, many people still line up to buy gold. Photo taken at Bao Tin Minh Chau facility, Tran Nhan Tong facility. Photo: Minh Duc

According to a reporter's survey, on the afternoon of March 5, a relatively large number of people flocked to buy gold at Bao Tin Minh Chau on Tran Nhan Tong Street (Hanoi). Most consumers chose to buy gold rings.

Ms. Luu Quyen (Hoan Kiem, Hanoi) said she needed to buy 3 taels of gold ring as a wedding gift. Unexpectedly, the price of gold today is so high, but there are still many people lining up to buy.

“ I had to wait in line for about 20 minutes to buy gold. I didn’t think there would be many people who wanted to buy gold like me. The price of gold is so high today, ” said Ms. Luu Quyen.

Also according to the representative of Bao Tin Minh Chau, today the price of gold increased sharply and maintained its historical level, however, the number of customers buying gold was greater than the number of customers selling.

"About 60% of customers came to buy gold and 40% of customers came to sell on March 5" - Bao Tin Minh Chau representative informed.

Giving advice to investors and people who want to buy gold, experts recommend that gold investors and people should not buy more gold for investment. Those who have gold can sell it to make a profit or hold it because the price of gold is still likely to increase.

The world gold price today heated up when the USD continued to decrease in value, US stocks were in red. At 9:00 a.m. this morning, the world gold price was trading at 2,910.75 USD/ounce, equivalent to 90.46 million VND/tael.

According to Wall Street experts, US stocks are in the red due to the sell-off. Many people have shifted their capital into gold to shelter their capital, causing the price of gold to increase sharply. Gold has become an attractive base for investors holding other currencies.

Meanwhile, the World Gold Council (WCC) said that the demand for gold from countries has not stopped, as global gold reserves increased by 18 tons in January 2025. This has pushed up future gold prices.

Source: https://congthuong.vn/gia-vang-hom-nay-tang-manh-nha-dau-tu-chen-chan-mua-376933.html