At 4:00 p.m. on March 23, 2024, the domestic SJC gold price was adjusted to increase sharply in the selling direction. Saigon Jewelry Company Limited - SJC listed the SJC gold price at 78 million VND/tael for buying and 80.3 million VND/tael for selling.
Compared to the early morning of the same day, the SJC gold price at this unit was adjusted to increase the selling price, up 280,000 VND and kept the buying price unchanged. After adjusting the selling price up and keeping the buying price unchanged, the difference between the buying and selling prices at this unit was widened, up to 2.3 million VND/tael.
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| Gold price listed at Saigon Jewelry Company Limited - SJC. Website screenshot at 4:00 p.m. on March 23, 2024 |
At the same time, Bao Tin Minh Chau listed the afternoon buying price of SJC gold at 78.05 million VND/tael and the selling price at 79.95 million VND/tael. Compared to the early morning of the same day, the SJC gold price here was adjusted to increase by 750,000 VND/tael in both buying and selling directions.
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| Gold price listed at Bao Tin Minh Chau. Website screenshot at 4:00 p.m. on March 23, 2024 |
As for gold rings as of 4:00 p.m. this afternoon, March 23, 2024, the price of plain round gold rings was listed by Bao Tin Minh Chau at 68.33-69.63 million VND/tael (buy in - sell out). Compared to the opening of the trading session yesterday morning, the price of gold rings by Bao Tin Minh Chau decreased by 550,000 VND/tael for both buying and selling.
Meanwhile, Saigon Jewelry listed the buying and selling prices at 67.8-69.1 million VND/tael. Compared to the opening of the trading session yesterday morning, the ring gold price was adjusted down by 200,000 VND/tael by Saigon Jewelry for both buying and selling.
From the early morning trading session on March 21 to this afternoon, the price of SJC gold bars at Saigon Jewelry Company Limited - SJC has decreased by 1.4 million VND/tael in buying and decreased by more than 1.1 million VND in selling. The rate of decrease in the price of SJC gold bars is much higher than the world's downward trend, especially after the State Bank proposed to remove the state's monopoly on gold bar production. This will help the gap between domestic and world gold prices no longer be as high as it is now.
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| In the context of gold prices gradually recovering, many investors are in a selling mood, but many also intend to buy gold for investment. Illustrative photo |
In the context of gold prices gradually recovering, many investors are in a mood to sell, but many also intend to buy gold for investment. A representative of Bao Tin Minh Chau said that at the gold and gemstone trading establishments of this unit, the number of customers coming to buy and sell is 55% of customers coming to buy and 45% of customers coming to sell.
However, analysts say that the difference between buying and selling SJC gold is listed at a high level. This puts investors at risk of losing money when buying gold. In addition, some information related to gold management and gold bar monopoly recently has also made investors consider more carefully before spending money.
Giving advice to investors, many experts said that the price of SJC gold is still at its peak, if you buy at this time it is very risky, the profit rate is not as high as before.
However, the trend of world gold in 2024 will continue to increase, so if you want to buy, wait until April-May, when domestic gold prices tend to decrease, then there will be a good price to buy. "If you buy, you should still choose 9999 gold rings, because SJC gold has a high difference with world gold prices, it is not known when the State Bank will intervene, so the risk is quite large. Meanwhile, gold rings often follow the market closely, the difference with world gold is only 3-4 million VND/tael, so the risk for investors is not much.
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