Gold Prices Continue to Decline: Should You Buy?

This morning (March 19), the price of SJC gold bullion and gold rings continued to decrease for the second consecutive day. Accordingly, the price of gold bullion is around 81 million VND per tael, and gold rings are priced at 69 million VND per tael.

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Saigon Gold Silver Gemstone Company listed SJC gold at 79.4 – 81.4 million VND per tael buy – sell, down 300,000 VND per tael compared to this morning.

Both gold and gold rings have been continuously decreasing.

SJC gold price at Doji Group in the Hanoi market, buying – selling around 79.3 – 81.3 million VND per tael, down 100,000 VND per tael in the afternoon compared to this morning.

SJC gold price at Bao Tin Minh Chau Company stands at 79.6 – 81.4 million VND per tael, moving sideways in the buying direction and down 50,000 VND per tael in the selling direction compared to the previous session.

The price of gold rings also continued to decrease significantly compared to the previous session. Specifically, the price of round smooth rings and Thang Long golden dragon rings at Bao Tin Minh Chau Company stands at 67.88 – 69.08 million VND per tael (buy – sell), down sharply by 330,000 VND per tael in the buying direction and down sharply by 350,000 VND per tael in the selling direction compared to this morning.

Doji 9999 gold rings of Doji Group in the Hanoi market stands at 68.4 – 67.85 – 69.05 million VND per tael, down sharply by 250,000 VND per tael in the buying direction and down sharply by 350,000 VND per tael in the selling direction.

At the same time, the global gold price increased slightly to 2,161 USD per ounce, up 5 USD per ounce compared to this morning.