SJC gold bar and gold ring prices fluctuate strangely compared to the world

(NLDO) – Despite the plummeting world gold price, the price of SJC gold bars and gold rings remains stable.

On the morning of March 1, SJC, PNJ, and DOJI companies simultaneously listed the price of SJC gold bars at 88.5 million VND/tael for buying and 90.5 million VND/tael for selling, stable compared to the end of yesterday.

Similarly, the price of 99.99 gold rings and jewelry gold also stabilized around VND88.5 million/tael for buying and VND90.4 million/tael for selling.

Gold prices today unexpectedly stabilized despite the sharp decline in world prices. In the trading session last night - early this morning on the international market, gold prices fell continuously and closed at 2,857 USD/ounce, down 20 USD/ounce compared to the previous session. The precious metal has fallen continuously over the past week, falling from its historic peak of 2,954 USD/ounce, "evaporating" about 100 USD/ounce.

According to analysts, gold prices are under strong profit-taking pressure after a period of rapid growth since the end of last year. With the current developments, gold prices are forecast to continue to fall in the short term.

Gold price today is stable compared to the downward trend of world prices

Meanwhile, the domestic gold price has been falling slower than the world price. Some experts say that the price of SJC gold bars and gold rings has a certain lag compared to the world price. Therefore, if the downward trend of the world price continues in the coming days, the price of SJC gold bars and gold rings may adjust down faster.

Currently, the world gold price converted according to the listed exchange rate is about 88.6 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-dien-bien-la-so-voi-the-gioi-196250301093348291.htm