Domestic gold price

Gold price at noon on February 29, SJC gold price at Saigon Jewelry Company in Ho Chi Minh City was around 77.70 - 79.70, up 700 thousand VND/tael for buying and up 700 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling was up to 2 million VND/tael.

The price of SJC gold bars traded at Saigon Jewelry Company in Hanoi is around 77.70 - 79.72 million VND/tael, an increase of 700 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to the closing price yesterday.

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 77.75 - 79.65 million VND/tael, an increase of 650 thousand VND/tael for buying and 850 thousand VND/tael for selling compared to the previous closing price.

At Bao Tin Manh Hai, SJC gold bars are being traded at 77.95 - 79.50 million VND/tael for buying and selling, an increase of 550 thousand VND/tael for buying and an increase of 550 thousand VND/tael for selling compared to yesterday.

At Phu Quy Group, the price of SJC gold bars is currently trading around 77.70 - 79.70 million VND/tael for buying and selling, an increase of 600 thousand VND/tael for buying and an increase of 600 thousand VND/tael for selling compared to yesterday.

Domestic gold price shows no sign of stopping increasing, SJC gold is sold at 79.70 million VND/tael

In addition, the price of 999.9 gold rings (24k) today continued to increase. Specifically, the price of Thang Long dragon gold bars and plain round rings at Bao Tin Minh Chau Company was traded at 65.38 - 66.48 million VND/tael for buying and selling, an increase of 150 thousand VND/tael for buying and 150 thousand VND/tael for selling compared to the closing price yesterday.

Thang Long 99.99 (24k) gold jewelry is trading around 64.90 - 66.10 million VND/tael, an increase of 250 thousand VND/tael for buying and 250 thousand VND/tael for selling compared to yesterday.

Gold price traded at Bao Tin Manh Hai Company

Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings are being traded at Bao Tin Manh Hai Company at around 65.38 - 66.48 million VND/tael for buying and selling, up 150 thousand VND/tael for buying and up 150 thousand VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 64.70 - 66.10 million VND/tael, an increase of 150 thousand/tael for buying and 250 thousand/tael for selling compared to yesterday. The price of 99.9 gold is currently around 64.60 - 66.00 million VND/tael, an increase of 200 thousand/tael for buying and 250 thousand/tael for selling compared to yesterday.

Gold trading price at Phu Quy Group

At Phu Quy Group, Phu Quy 999.9 Round Ring and Phu Quy 999.9 God of Wealth are trading around 65.30 - 66.40 VND/tael, an increase of 250 thousand VND/tael for buying and 250 thousand VND/tael for selling compared to yesterday.

24K 999.9 gold is trading around 64.75 - 65.15 million VND/tael, up 250 thousand VND/tael for buying and up 250 thousand VND/tael for selling compared to yesterday.

World gold price

Domestic gold prices have been rising steadily while world gold prices have remained stable. At 9:30 a.m. Vietnam time, the price of this precious metal on the international market was trading at $2,036/ounce, a slight increase compared to yesterday morning.

World gold price chart this afternoon

Currently, the world gold price converted according to the listed exchange rate is about 60.8 million VND/tael, lower than ring gold by over 4 million VND/tael and lower than SJC gold by over 18.5 million VND/tael.

Gold is having a quiet session ahead of the PCE data, said Bob Haberkorn, senior market strategist at RJO Futures. We need to see significantly better data showing that inflation is cooling for gold to break above $2,050 an ounce.

He also said that it seems like the Fed is in control of the gold market. You can see gold prices hitting all-time highs when they say something more concise about the upcoming rate cut...

Recent comments from the Fed and hot inflation data have boosted expectations for the agency’s first rate cut in June, compared to March at the start of the year. Persistently high interest rates are a negative for non-yielding metals like gold...