SJC gold price and 999.9 gold ring price continue to increase today

The price of 999.9 gold rings increased by millions, the market is selling for 71.12 million VND/tael. The price of gold at the beginning of the week had mixed movements, 999.9 gold rings continued to increase, SJC gold decreased slightly.

Domestic gold price

At noon on March 12, the price of SJC gold traded at Saigon Jewelry Company in Ho Chi Minh City was around VND80.50 - 82.50 million/tael, an increase of VND150,000/tael for buying and VND150,000/tael for selling compared to yesterday's closing price. The difference between buying and selling narrowed to VND2 million/tael.

Giá vàng SJC và vàng nhẫn 999.9 hôm nay tiếp đà tăng

The price at Saigon Jewelry Company in Hanoi is around 80.50 - 82.52 million VND/tael, an increase of 150 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling narrowed to 2 million VND/tael.

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 80.35 - 82.15 million VND/tael, an increase of 150 thousand VND/tael for buying and 150 VND/tael for selling compared to the previous closing price.

At Phu Quy Group, the price of SJC gold bars is currently trading around 80.40 - 82.30 million VND/tael for buying and selling, an increase of 250 thousand VND/tael for buying and an increase of 250 thousand VND/tael for selling compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 80.35 - 82.15 million VND/tael, an increase of 250 thousand VND/tael for buying and 250 VND/tael for selling compared to the previous closing price.

In addition, the price of 999.9 gold rings (24k) today continues to increase. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Minh Chau Company is traded at 70.08 - 71.38 million VND/tael for buying - selling, an increase of 50 thousand VND/tael for buying and 50 thousand VND/tael for selling compared to yesterday.

Thang Long 999.9 (24k) gold jewelry is trading around 69.55 - 71.05 million VND/tael, up 50 thousand VND/tael for buying and up 50 thousand VND/tael for selling compared to yesterday.

Gold price traded at Bao Tin Manh Hai

Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings are being traded at Bao Tin Manh Hai Company at around 70.08 - 71.38 million VND/tael for buying and selling, up 100,000 VND/tael for buying and up 100,000 VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 69.35 - 71.05 million VND/tael, an increase of 100 thousand VND/tael for buying and 100 thousand VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 69.25 - 70.95 million VND/tael, an increase of 100 thousand VND/tael for buying and 100 thousand VND/tael for selling compared to yesterday's closing price.

Gold price traded at Phu Quy Group

At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 70.00 - 71.30 VND/tael, an increase of 50 thousand VND/tael for buying and an increase of 50 thousand VND/tael for selling compared to yesterday.

24K 999.9 gold is trading around 69.50 - 70.90 million VND/tael, up 50 thousand VND/tael for buying and up 50 thousand VND/tael for selling compared to yesterday.

World gold price

The world market at noon on March 12, Vietnam time, the world gold price stood at 2,177 USD/ounce, a slight increase of 1 USD/ounce compared to the same time yesterday morning. Converted according to the bank exchange rate excluding taxes and fees, the world gold price is about 64.2 million VND/tael, about 18 million VND/tael lower than the selling price of SJC gold.

World gold price chart this afternoon

Gold prices have been rising steadily recently as traders await US inflation data to learn more about the US Federal Reserve's interest rate path.

Jim Wyckoff, senior analyst at Kitco Metals, said that if inflation data is "hotter" than last month's report, it could trigger a sell-off in the gold market. However, on the other hand, the data could also push gold to new highs in the near term.

Alex Pickard, Vice President of Research Affiliates, said that the rising price of gold creates optimism that spreads to other assets, encouraging investors to buy in. In the short term, the price of gold continues to increase steadily.

Gold prices have risen for eight consecutive sessions, and the pace of the rise has surprised many investors as there has been no clear catalyst for the rally. Speculation about the Fed easing monetary policy, geopolitical risks and central bank buying, led by China, have helped push gold prices higher.

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