| Domestic gold prices fluctuate, gold rings increase slightly to 69.82 million VND/tael Domestic gold prices continue to increase today, 999.9 gold rings reach 70 million VND/tael |
Domestic gold price
At noon on March 28, the price of SJC gold traded at Saigon Jewelry Company in Ho Chi Minh City was around 79.10 - 81.10 million VND/tael, an increase of 600 thousand VND/tael for buying and 600 thousand VND/tael for selling compared to the closing price yesterday. The difference between buying and selling is 2 million VND/tael.
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The price at Saigon Jewelry Company in Hanoi is around 79.10 - 81.12 million VND/tael, an increase of 600 thousand VND/tael for buying and 600 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling is 2 million VND/tael.
SJC gold bar price at Bao Tin Minh Chau Company is trading around 79.00 - 80.95 million VND/tael, up 500 thousand VND/tael for buying and up 650 thousand VND/tael for selling compared to the previous closing price.
At Phu Quy Group, the price of SJC gold bars is currently trading around 79.10 - 80.95 million VND/tael for buying and selling, an increase of 500 thousand VND/tael for buying and 650 thousand VND/tael for selling compared to yesterday.
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The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 79.00 - 80.95 million VND/tael, an increase of 500 thousand VND/tael for buying and 650 thousand VND/tael for selling compared to the previous closing price.
Along with the price of SJC gold, the price of 999.9 gold rings today also increased sharply. Specifically, the price of 999.9 gold rings (24k), the price of Thang Long dragon gold bars, and plain round rings at Bao Tin Minh Chau Company traded at 69.03 - 70.23 million VND/tael for buying - selling, an increase of 250 thousand VND/tael for buying and an increase of 250 thousand VND/tael for selling compared to yesterday.
Thang Long 999.9 (24k) gold jewelry is trading around 68.40 - 69.90 million VND/tael, an increase of 300 million VND/tael for buying and 250 thousand VND/tael for selling compared to yesterday.
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| 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 69.03 - 70.23 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's closing price.
The price of 999.9 gold is around 68.20 - 69.90 million VND/tael, an increase of 250 thousand VND/tael for buying and an increase of 250 thousand VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 68.10 - 69.80 million VND/tael, an increase of 250 thousand VND/tael for buying and an increase of 250 thousand VND/tael for selling compared to yesterday's closing price.
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| 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 68.90 - 70.20 VND/tael, an increase of 250 thousand VND/tael for buying and an increase of 250 thousand VND/tael for selling compared to yesterday.
24K 999.9 gold is trading around 68.25 - 69.75 million VND/tael, up 250 thousand VND/tael for buying and up 250 thousand VND/tael for selling compared to yesterday.
World gold price
At noon on March 28, in the international market, the precious metal rose from 2,196 USD/ounce to nearly 2,200 USD/ounce, the all-time peak of gold set in mid-March.
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| World gold price chart this afternoon |
According to analysts, gold prices increased as investors' demand for safe havens in this channel increased amid escalating geopolitical tensions and central banks in some countries began to cut interest rates.
The precious metal has now exceeded many previous forecasts, when at the beginning of the year some comments said that the gold price would head towards the $2,100 or $2,175/ounce range this year. Currently, the world gold price converted according to the listed exchange rate is around 66 million VND/tael.
Central banks continue to report continued gold purchases, driven by a desire to diversify their monetary reserves, CNBC quoted UBS analyst Giovanni Staunovo as saying.
In a new report, analysts at Goldman Sachs said that commodity prices will rise in 2024 as US and European central banks move to lower interest rates, helping to support industrial and consumer demand. Many commodities have seen large gains in the first quarter of 2024, with crude oil prices rising sharply, gold hitting a record and copper hitting $9,000/t. US interest rate cuts in a non-recessionary environment will lead to higher commodity prices, with metals (especially copper and gold) rising the most, followed by crude oil...
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