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 on the first day 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 80.50 - 82.50 million VND/tael, an increase of 150 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to the closing price yesterday. The difference between buying and selling prices narrowed to 2 million VND/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.

SJC gold bar price at Bao Tin Minh Chau Company is trading around 80.35 - 82.15 million VND/tael, up 150 thousand VND/tael for buying and up 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.

SJC gold bar price at Bao Tin Manh Hai Company is trading around 80.35 - 82.15 million VND/tael, up 250 thousand VND/tael for buying and up 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) dragon 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, an increase of 100,000 VND/tael for buying and 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, lower than the selling price of SJC gold by about 18 million VND/tael.

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.

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, said senior analyst Jim Wyckoff of Kitco Metals.

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

Gold prices have risen for eight consecutive sessions, and the pace of the increase 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.

Source