Domestic gold prices hit record-breaking VND82.2 million per tael
VOV.VN - The domestic SJC gold price on March 9 morning continued its upward trajectory, reaching VND82.2 million per tael to surpass its all-time records.
Saigon Gold and Jewelry Company listed each tael of SJC gold at VND82.2 million, up VND300,000 for the buying price, and VND79.7 million, down VND200,000 for the selling price, compared to previous transactions on the same day.
Also in the morning, Doji Group rated the yellow metal at VND82.15 million, up VND300,000 per tael for the buying price, and VND79.65 million, down VND200,000 for the selling price, against the day before.
Meanwhile, Bao Tin Minh Chau Company bought and sold gold rings at VND69.98 million to VND68.78 million per tael for buying and selling prices, respectively, a VND600,000 increase over the previous trading session.
So far, gold rings have set a new record of VND69.98 million per tael.
Currently, banking deposit interest rates are too low as people have rushed out to buy gold instead of putting their savings in the bank.
Consumers’ demand has therefore increased sharply, resulting in gold prices setting consecutive records.
In the global gold market, spot gold on the Kitco exchange was trading at US$2,178.6 per ounce at 11:15 a.m. on March 9, indicating an increase of US$9.1 per ounce compared to the previous session.
It was equivalent to approximately VND65.2 million per tael, or VND17 million per tael less than the domestic SJC gold price.
World gold prices increased by more than 3% during the week, representing the strongest increase since mid-October 2023.
World gold prices soared after the United States released its February employment report. Accordingly, the unemployment rate increased and the growth of wages slowed down.
