Gold bar price up to 81 million VND again

Opening on March 14, gold shops adjusted domestic gold prices following the world's upward trend.

At 9:00 a.m., Saigon Jewelry Company (SJC) listed the buying and selling prices at 79 - 81 million VND, an increase of 800,000 VND for buying and 300,000 VND for selling. The difference in buying and selling prices has narrowed to around 2 million VND per tael. Compared to the peak set two days ago, each tael of gold bar is currently about 1.5 million VND lower.

Each tael of 24K plain gold rings at SJC also increased by 500,000 VND at the beginning of the day to 67.6 - 68.9 million VND. At Bao Tin Minh Chau, plain rings increased to nearly 68.7 - 70.2 million VND, an increase of 1.5 million VND compared to the end of yesterday. Compared to the peak, each tael of plain rings, depending on the brand, is now 1-1.5 million VND lower.

After a sharp drop of 20 USD, the world gold price has reversed and increased in the past 24 hours. At 9:00 a.m. Hanoi time, the world gold price increased by 15 USD to 2,174 USD per ounce, converted according to Vietcombank exchange rate, equivalent to 65.1 million VND per tael.

Domestic gold prices have fallen more sharply than the world's, causing the gap between gold bars and international prices to now be below 16 million VND, while gold rings are about 3.7-4.3 million VND per tael, depending on the time of day.

In the foreign exchange market, the USD price in banks has been on an upward trend for the past 3 days. The exchange rate at Vietcombank this morning was 24,480 - 24,850 VND, an increase of 60 VND compared to the beginning of the week. Meanwhile, the USD price at foreign exchange points on the black market has cooled down after a long period of increase.