By 2 p.m. on March 1st, SJC gold prices were bought at 77.9 million VND/tael and sold at 79.8 million VND/tael, an increase of 300,000 VND/tael compared to yesterday’s prices.
The prices of 24K gold rings and jewelry also continued to rise to 64.4 million VND/tael for buying and 65.6 million VND/tael for selling, an additional increase of 300,000 VND/tael.
From the beginning of the year until now, the price of SJC gold has increased by about 3.8 million VND/tael (+4.7%) and the price of gold rings has increased by 2.7 VND/tael (+4.1%). It is worth noting that the price difference between domestic and global gold remains high.
Currently, the world gold price is at 2,046 USD/ounce, equivalent to 61.3 million VND/tael, lower than gold rings by 4 million VND/tael and lower than SJC gold by 18 million VND/tael.
SJC gold prices continue to rise, approaching the 80 million VND/tael mark
Regarding the solution to stabilizing the gold market as requested by the Prime Minister, a source from Người Lao Động newspaper said that the State Bank has proposed and recommended to the Prime Minister that the State Bank takes the lead in coordinating with relevant ministries and agencies to continue implementing solutions in accordance with Decree 24/2012/ND-CP on gold market management.
At the same time, the State Bank also coordinates with the Ministry of Public Security to inspect, check, and evaluate the gold market, especially the gold bar market, in line with the Ministry of Public Security’s measures for gold market management in the first quarter of 2024 and soon completes the evaluation report on the implementation of Decree 24 to submit to the Government in the coming time.
