Updated at 14:45, SJC gold prices continue to rise sharply, reaching nearly 82 million dong/tael.
Specifically, Saigon Jewelry Company listed gold prices for gold bars at 79.8-81.8 million dong/tael, an increase of 500 thousand dong/tael compared to this morning. Compared to yesterday, this type of gold increased by 1 million dong/tael.
Similarly, at DOJI Corporation, SJC gold prices are listed at 79.75-81.75 million dong/tael.
Round plain gold prices at DOJI, Bao Tin Minh Chau are being listed at nearly 68.9 million dong/tael (selling price), while at PNJ and Saigon Jewelry Company, they are 68.1 million dong/tael.
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Specifically at 8:30 am at Saigon Jewelry Company, SJC gold prices are listed at 79.3-81.3 million dong/tael, an increase of 300 thousand dong/tael compared to yesterday. Round plain gold prices here also increased by 300 thousand dong/tael to 66.8-68.0 million dong/tael.
DOJI Corporation also increased the price of gold bars in the early morning today to 79.25-81.25 million dong/tael. Round plain gold prices are at a record high of 67.5-68.8 million dong/tael.
In the international market, the price of gold is still at the highest level of all time, at 9:00 am on March 7, at 2,145 USD/ounce. Converted at the USD/VND exchange rate at commercial banks, international gold prices are equivalent to 64 million dong/tael (excluding taxes, fees). While estimates based on the USD exchange rate in the free market, international gold prices are equivalent to about 66.4 million dong/tael (excluding taxes, fees).
According to Kitco News, the recovery of gold to new all-time highs has surprised even experienced experts who are now struggling to find the real reasons.
James Steel, an analyst at HSBC Holdings PLC, told Bloomberg in a report that the volatility of gold is surprising because there have been no significant changes in expectations of rate cuts or other clear macroeconomic catalysts.
