Domestic gold price is stable, 999.9 gold ring is sold for 67.98 million VND/tael

Domestic gold price increases hourly, SJC gold reaches 81 million VND/tael. In one week, the price of 999.9 gold rings increased by more than 2 million VND/tael.

Gold price domestic

At noon on March 4, the price of SJC gold traded at Saigon Jewelry Company in Ho Chi Minh City was around 78.50 - 80.50, an increase of 120 thousand VND/tael for buying and 140 thousand VND/tael for selling compared to the closing price yesterday. The difference between buying and selling was up to 2 million VND/tael.

Giá vàng trong nước ổn định, vàng nhẫn 999.9 bán ra 67,98 triệu đồng/lượng

The price of SJC gold bars traded at Saigon Jewelry Company in Hanoi is around 78.50 - 80.52 million VND/tael, an increase of 120 thousand VND/tael for buying and 140 thousand VND/tael for selling compared to the closing price yesterday. The difference between buying and selling is up to 2 million VND/tael.

SJC gold bar price at Bao Tin Minh Chau Company is trading around 78.35 - 80.25 million VND/tael, down 50 thousand VND/tael for buying and down 50 VND/tael for selling compared to the previous closing price.

At Phu Quy Group, the price of SJC gold bars is currently trading around 78.30 - 80.30 million VND/tael for buying and selling, down 50,000 VND/tael for buying and down 50,000 VND/tael for selling compared to yesterday.

SJC gold bar price at Bao Tin Manh Hai Company is trading around 78.15 - 80.15 million VND/tael, down 50 thousand VND/tael for buying and down 50 VND/tael for selling compared to the previous closing price.

In addition, the price of 999.9 gold rings (24k) today is stable compared to the weekend. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Manh Hai Company is traded at 66.78 - 67.98 million VND/tael for buying and selling, equal to the buying and selling prices compared to the closing price yesterday.

Thang Long 99.99 (24k) dragon gold jewelry is trading around 66.30 - 67.60 million VND/tael, equal to the buying and selling prices compared to yesterday's closing price.

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 66.78 - 67.98 million VND/tael for buying and selling, an increase of 40 thousand VND/tael for buying and 40 thousand VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 66.10 - 67.60 million VND/tael, equal to the buying and selling prices compared to yesterday's closing price. The price of 99.9 gold is currently around 66.00 - 67.50 million VND/tael, equal to the buying and selling prices 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 66.65 - 67.85 VND/tael, an increase of 80 VND/tael for buying and an increase of 80,000 VND/tael for selling compared to yesterday.

24K 999.9 gold is trading around 66.00 - 67.50 million VND/tael, up 50 thousand VND/tael for buying and up 50 thousand VND/tael for selling compared to yesterday.

World gold price

At noon today (March 4, Vietnam time), the world spot gold price stood at around 2,081.7 USD/ounce, down 1.3 USD/ounce compared to the close last week. The gold futures price for April 2024 on the Comex New York floor was at 2,089.4 USD/ounce.

World gold price chart this afternoon

Gold prices on Kitco closed last week at $2,082 an ounce. Gold futures for April 2024 delivery on the Comex New York floor traded at $2,091 an ounce.

At the current price, the world gold price converted to VND (including tax and processing fees) is about 17.95 million VND/tael different from the domestic SJC gold price.

In addition, Fed Chairman Jerome Powell has a regular two-day hearing on monetary policy before the US Congress.

Adam Button, chief currency strategist at Forexlive.com, said the jobs report will have a bigger impact on gold prices than Powell's testimony. He said a worse-than-expected jobs report or a better-than-expected jobs report would impact the dollar more than Powell said, which would have a bigger impact on gold prices.

“ We basically know what Powell is going to say. He will say interest rates will go down, but not too soon. He will probably also say that the Fed will continue to monitor the economic data. Meanwhile, if the US job growth weakens, the gold rally will continue,” Button told Kitco News.

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