Gold price today increased sharply, should I sell to take profit?

Gold price today March 18, gold ring price, gold bar price increased sharply, setting a new record. SJC gold bar price, gold ring price sold at over 97 million VND/tael.

Gold price today increased sharply

Gold price today, March 18, continues to increase sharply, reaching an unprecedented historical peak.

Opening the trading session on March 18, at 9:00 a.m., Saigon Jewelry Company Limited - SJC listed the price of SJC gold bars at 95.4 - 96.9 million VND/tael for buying and selling.

PNJ Group is also listing the price of SJC gold bars at a similar level, 95.4-96.9 million VND/tael for buying and selling.

Gold price today, gold ring price, gold bar price listed at Bao Tin Minh Chau

Meanwhile, Bao Tin Minh Chau is listing the price of SJC gold bars at 95.9 - 97.5 million VND/tael for buying and selling.

The price of gold rings today also increased sharply following the increase in the price of SJC gold bars. Bao Tin Minh Chau is buying and selling gold rings at 95.9-97.5 million VND/tael.

Saigon Jewelry Company Limited - SJC is also selling gold rings at 95.3 - 96.8 million VND/tael.

If calculated from March 3rd until now, the gold price has been adjusted to increase by 5 million VND/tael. At 9am on March 3rd, Bao Tin Minh Chau sold SJC gold bars at 90.5 - 91.7 million VND/tael for buying and selling, then today, the gold bar price at this unit has increased by 5.4 million VND/tael for buying and increased by nearly 6 million VND for selling.

Similarly, on March 3, Bao Tin Minh Chau bought and sold gold rings at 90.5 - 91.7 million VND/tael. Today, the price of gold rings at this facility has increased by 5-6 million VND/tael.

Why does gold price increase?

Domestic gold prices today increased sharply following the increase in world gold prices. At 9:00 a.m. on March 18, world gold prices stood at 3,005 USD/ounce.

According to experts, gold prices increased due to concerns from global trade tensions, in addition, this week, the US Federal Reserve is expected to meet for two consecutive sessions.

Not to mention, the sharp increase in gold prices today is also due to the US dollar remaining at its lowest level in 5 months compared to the Euro, the Dollar Index on March 17 at one point decreased by 0.33% to 103.39 points. The weak USD makes gold cheaper for buyers with other currencies.

Gold price today increased sharply, should we sell to take profit? Photo: Quang Hung

Domestic gold prices are at their peak, many people are asking the question, should we sell to take profit in this context? According to experts, in this context, people should sell gold to take profit because the profit level is attractive.

However, Bao Tin Minh Chau experts also recommend that people be careful in transactions, regularly monitor gold prices on official channels to make the right investment decisions and avoid losses.

Statistics from Bao Tin Minh Chau also show that up to 60% of customers coming to these establishments buy gold and only 40% of customers come to sell.

The domestic gold price today increased sharply following the increase in the world gold price. At 9:00 a.m. on March 18, the world gold price stood at 3,005 USD/ounce.

Source: https://congthuong.vn/gia-vang-hom-nay-tang-dung-dung-co-nen-ban-chot-loi-378747.html