Gold price today skyrocketed, large buying and selling gap

Gold price increased sharply, exceeding 101 million VND/tael

Gold price today March 31, gold price increased sharply. Gold ring price is higher than gold bar price in selling direction.

At 9:30 a.m. on March 31, Bao Tin Minh Chau listed the price of gold bars at 99.2 - 101.2 million VND/tael for buying and selling.

Saigon Jewelry Company Limited - SJC is also buying and selling SJC gold at 99.5 - 101.5 million VND/tael.

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

At the same time, Saigon Jewelry Company Limited - SJC bought and sold gold rings at 98.5 - 100.5 million VND/tael. Bao Tin Minh Chau is also trading at 99.3 - 101.3 million VND/tael.

Gold prices increased sharply today. Gold ring prices increased higher than gold bar prices. Bao Tin Minh Chau sells gold rings at 100,000 VND/tael higher than gold bars.

Thus, after only 1 week (from March 24 to 31), Bao Tin Minh Chau adjusted the price of SJC gold bars to increase by 4.4 million VND/tael for buying and adjusted the price to increase by 3.8 million VND/tael for selling.

Gold prices are rising, financial experts advise gold buyers at this time to closely monitor the market before deciding to buy, because the buy-sell gap is high, pushing risks to gold buyers.

Besides, when the demand for gold increases and the quantity sold is limited, there will be fraud and fake gold sales for profit.

Gold price forecast in the future

Domestic gold prices today skyrocketed following the increase in world gold prices. Today's world gold prices have reached an unprecedented level of 3,100 USD/ounce. Meanwhile, the USD continues to decline.

Converted according to Vietcombank exchange rate, 1 tael of world gold costs 96.1 million VND. Thus, the domestic gold price is still about 5 million VND/tael higher than the world gold price.

Experts believe that in the coming time, gold prices will increase to 3,200 - 3,300 USD/ounce. Photo: Quang Duong

The world gold market last week skyrocketed as investors rushed to pour money into gold as a safe haven amid economic and political instability.

The main reason for this price increase is the recent announcement by US President Donald Trump to impose a 25% tax on imported cars and auto parts.

Major economies immediately reacted strongly and warned of retaliatory measures. This situation increased the risk of a new trade war, causing investors to panic and pushing gold prices to continue towards new records.

According to Kitco News analysis, many investors still expect a price of $3,200 - $3,300/ounce if the US tax policy is implemented and causes a strong reaction from the market.

Hoang Giang

Source: https://congthuong.vn/gia-vang-hom-nay-tang-vun-vut-khoang-cach-mua-ban-lon-380758.html