At the end of the afternoon of March 8, 2024, the domestic SJC gold price increased sharply, setting a new record. At 6:30 p.m., Saigon Jewelry Company Limited - SJC listed the afternoon SJC gold price at 79.9 million VND/tael for buying and 81.9 million VND/tael for selling.
Compared to the early morning of the same day, the price of SJC gold at this unit was adjusted up 100,000 VND for buying and up 80,000 VND for selling.
The difference between buying and selling SJC gold at Saigon Jewelry Company Limited is at 2 million VND (unchanged from last week).
This week, after 5 trading sessions, this brand adjusted up all 5 sessions. Compared to the first session of the week, SJC gold price increased by 1.6 million VND per tael for both buying and selling.
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| Gold price listed at Saigon Jewelry Company Limited. (Website screenshot at 6:30 p.m. on March 8, 2024) |
Following the upward trend, at 6:30 p.m. today, March 8, 2024, the SJC gold price at Bao Tin Minh Chau was VND 79.85 million/tael for buying and VND 81.65 million/tael for selling. Compared to the early morning of the same day, the SJC gold price here was adjusted up VND 100,000 for buying and kept the selling price stable.
Although gold trading units adjusted the increase very slightly, the price of SJC gold in recent days has continuously set new records.
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| Gold price listed at Bao Tin Minh Chau. (Website screenshot at 6:30 p.m. on March 8, 2024) |
Not only SJC gold has increased in price, in recent days, the price of round gold rings has recorded a steady increase every day and continuously broke the established records. Compared to the beginning of this year, each tael of gold rings has increased by nearly 4.5 million VND/tael, equivalent to an increase of 7% in just two months.
According to the Industry and Trade Newspaper, in recent days, at gold and silver shops, the number of people rushing to sell plain round gold rings is large, many people have to jostle and queue up all afternoon to wait for their turn to sell plain round gold rings.
The increase in domestic gold prices is affected by the world gold market. As of 2:00 p.m. on March 8, the world gold price continued to increase by 15 USD/ounce compared to yesterday - creating an all-time high, currently trading at 2,160 USD/ounce and this increase shows no signs of stopping.
In the context of high gold prices, many investors and people want to sell gold, but they regret selling it.
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| In the context of high gold prices, many investors and people want to sell gold, but they regret selling it. |
Ms. Tran Thu Hien (Cau Giay, Hanoi) is wondering whether she should sell gold at a time when the price of gold is increasing continuously, increasing every day, every hour. If she sells early, she will definitely make a profit, but the profit is small, but if she waits too long, she will worry about the price of gold falling. "In the past two days, many female colleagues in the same office have rushed to sell gold, but I am still wondering. If I sell now, I will make a profit, but if I wait a little longer, who knows, the price of gold will increase even more, making more profit" - Ms. Tran Thu Hien shared.
According to the representative of Bao Tin Minh Chau, today the domestic gold price is constantly increasing, the SJC gold price is waiting to set a new peak of 82 million VND/tael. Therefore, investors and people should consider before making transactions and regularly monitor the gold price on official channels to make the most correct decision.
Some economic experts recommend that investors should not hold SJC gold bars at this time because the Government may soon adjust Decree 24 on gold trading management.
In terms of quality, SJC gold bars are basically no different from gold rings, so if there is a need to buy gold for investment at this time, investors should choose gold rings, because compared to the price of SJC gold, the price of gold rings is softer; the domestic price of gold rings closely follows the world gold price, the trading range is relatively stable, thus, minimizing the level of risk.
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