Gold Price Surges Above 79 Million VND per Tael

This morning (February 29), the price of SJC gold soared by VND 400,000 per tael, reaching VND 79.3 million per tael. The price of plain round rings remains around VND 65.1 million per tael.

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The Saigon Gold, Silver, Gemstone Company listed the SJC gold price at 77.3 – 79.3 million dong per tael, an increase of 400,000 dong per tael. The price of plain round rings is 63.95 – 65.15 million dong per tael.

   

The Doji Group listed the SJC gold price at 77.25 – 79.25 million dong per tael, an increase of 400,000 dong per tael compared to the previous trading session.

   

The Dragon Ascendant gold price of Bao Tin Minh Chau Company is at 65.18 – 66.28 million dong per tael, an increase of 50,000 dong per tael for both buying and selling.

   

After the gold price increased, the buying – selling price difference also increased to 2 million dong per tael.

   

At the same time, the world gold price is at $2,034 per ounce. Converted at the current exchange rate, the world gold price is about 60.5 million dong per tael, excluding taxes and fees.

   

     

     

Gold price is increasing sharply. (Photo: Như Ý).

   

   

The global gold market is waiting for reports on the impact on the interest rate adjustment trend of the US Federal Reserve, such as the report on the consumer price index.

   

Sharing on Kitco News (a specialized gold price website), commodity strategist Ole Hansen of Saxo Bank predicts that the gold price will continue to rise and may reach $2,300 per ounce.

   

     

   

   

In the foreign exchange market, the State Bank of Vietnam listed the central exchange rate at 24,003 VND/USD, a decrease of 11 dong/USD compared to yesterday.