(NLDO) - The strong increase in domestic gold prices occurred in the context of the world spot gold price increasing by 30 USD compared to the lowest price in last night's trading session.
On the morning of March 13, gold trading companies such as SJC, PNJ, and Phu Quy listed the buying price of SJC gold bars at 92.5 million VND/tael and the selling price at 94.2 million VND/tael, surpassing yesterday's record, increasing by 900,000 VND per tael compared to yesterday morning and increasing by 700,000 VND compared to the end of March 12.
Some other businesses such as Mi Hong Company pushed the price of SJC gold bars up to 94.4 million VND/tael, buying at 93.4 million VND/tael.
Notably, Bao Tin Minh Chau Company listed the price of its Thang Long Gold Dragon gold bars at 93.1 million VND/tael for buying and 94.7 million VND/tael for selling, 300,000 - 500,000 VND/tael higher than SJC gold bars.
For 24K gold rings and jewelry gold, Bao Tin Minh Chau listed the price of the company's plain round gold rings at 93.1 million VND/tael for buying and 94.7 million VND/tael for selling, an increase of 600,000 VND compared to yesterday.
Meanwhile, SJC Gold Company sold 99.99 plain gold rings at VND94.1 million/tael and bought at VND92.5 million/tael, an increase of VND700,000 compared to yesterday morning. This is also a new record price for gold rings.
Currently, PNJ Company sells gold rings for up to 94.5 million VND/tael. Notably, the price of gold rings at Phu Quy is up to 94.6 million VND/tael.
Price fluctuations of SJC gold bars in the past 7 days Source: SJC
The strong increase in domestic gold prices occurred in the context of the world spot gold price at 2,934 USD/ounce, up 30 USD compared to the lowest price in last night's trading session of 2,904 USD/ounce.
Gold prices rose sharply today and reached a three-week high as US inflation data cooled. Specifically, the consumer price index (CPI) in February 2025 increased by 2.8%, down 0.1 percentage points compared to the 3% increase in the previous month.
Investors maintained safe-haven demand for gold due to global trade tensions, which could slow world economic growth.
Meanwhile, US bond yields jumped to 4.3%, meaning bond values fell. This prompted investors to sell bonds and shift capital into precious metals. The world's gold price today has more strength to accelerate.
Analysts say gold will continue to heat up as the market remains uncertain, leading to demand for safe assets. However, positive developments in the Russia-Ukraine military conflict negotiations could dampen the risk-off momentum in gold prices.
Source: https://nld.com.vn/gia-vang-mieng-sjc-va-vang-nhan-tiep-tuc-lap-ky-luc-moi-196250313094509862.htm
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