Saigon Jewelry Company listed price gold bar SJC 96.7 - 98.4 million VND/tael for buying - selling, an increase of 800,000 VND/tael for buying and 500,000 VND/tael for selling compared to yesterday morning.
The difference between buying and selling prices continued to decrease to 1.7 million VND/tael. Thus, after only 3 days, gold price piece SJC reduce the difference between buying and selling by 1.3 million VND/tael.
Other gold trading brands such as Bao Tin Minh Chau, Phu Quy, Manh Hai, Doji... all simultaneously increased the selling price of SJC gold bars to 98.4 million VND/tael.
The price of gold rings also increased along with the price of gold bars. Specifically, Bao Tin Minh Chau Company Limited listed the price of gold rings at 96.8 - 99.1 million VND/tael, an increase of 500,000 VND/tael for buying and 300,000 VND/tael for selling compared to yesterday morning.
Phu Quy Jewelry Group listed the price of gold rings at 96.8 - 99 million VND/tael for buying and selling, an increase of 600,000 VND/tael for buying and 300,000 VND/tael for selling.
At the same time, the price of gold world listed at 3,021 USD/ounce.
At the talk show Investing in stocks, real estate or gold on March 26, expert on Gold investor Tran Duy Phuong believes that this investment channel is becoming more active. Currently, global demand for gold is increasing as many ETFs (investment funds traded on the stock exchange) and large investors are increasing their accumulation of this precious metal.
Gold liquidity is also highly appreciated, becoming one of the factors that make Vietnamese investors seek this investment channel. In addition, according to Mr. Phuong, the concept accumulate gold has been ingrained in the Vietnamese mentality for a long time, making this investment channel still account for a significant proportion in the asset portfolios of many investors. Domestically, it ranges from 30-40%.
However, Mr. Phuong said that investors need to consider the timing of disbursement to optimize profits, because the world gold price is approaching a historical peak, while the domestic gold price is also at a record high.
“According to forecasts, the world gold price may adjust, leading to a decrease in the domestic gold price. Therefore, investors should not invest in gold at this time. If they buy at this time, there is a high risk of falling into a temporary "peak" state. Although there is still the possibility of recovery and profit in the long term, this process may be prolonged and the profit level will not be too attractive,” Mr. Phuong commented.
He recommends that investors should wait until late April or early May to enter the gold market, and should divide their investments to limit risks.
This morning, Bank State announced central rate at 24,851 VND/USD, up 4 VND compared to yesterday morning.
However, at commercial banks, the price USD slightly decreased. Specifically, Vietcombank, VietinBank and BIDV adjusted down from 10 to 35 VND in both buying and selling directions. Currently, the USD buying price fluctuates between 25,438 - 25,440 VND/USD, while the selling price is between 25,798 - 25,800 VND/USD.
Similarly, Techcombank, Eximbank and VPBank also decreased by an average of 20 to 32 VND, bringing the USD buying price at these banks to around 25,440 - 25,455 VND/USD, while the selling price fluctuated from 25,790 - 25,798 VND/USD.
In the free market, the USD price decreased slightly by 5 VND to 25,815 - 25,905 VND/USD.
Source: https://baoquangninh.vn/gia-vang-nhan-99-trieu-dong-luong-3350341.html
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