Gold price on March 11 decreased due to profit-taking activities contrary to safe-haven demand
11-03-2025
Domestic gold price rises in the context of world price still above 2,900 USD. In the international market, the precious metal is around 2,915 USD/ounce. Converted at the exchange rate excluding tax and fees, world gold is equivalent to 90.3 million VND/tael.
Today’s gold price increases sharply
Today’s gold price on March 6 increases sharply. World gold price at 9:00 am on March 6 is trading around 2,923 USD/ounce. World gold price increases sharply, pulling up domestic gold price.
At the opening of the morning trading session, today’s gold price at Saigon Jewelry Company Limited – SJC listed gold bar price at 91 – 93 million VND/tael for buying – selling.
PNJ gold price is also being traded around 91 – 93 million VND/tael for buying – selling.
The high price of gold today has widened the gap between buying and selling prices of gold. The difference between buying and selling prices of gold is currently around VND2 million/tael.
The high price of SJC gold bars has also led to a sharp increase in the price of gold rings. Saigon Jewelry Company Limited – SJC is selling gold rings at VND92.9 million/tael and buying at VND91 million/tael.
Compared to late yesterday afternoon, the price of SJC gold rings and gold bars this morning has increased. SJC gold at Saigon Jewelry Company Limited has increased by 300,000 VND/tael in both buying and selling directions.
The price of gold rings at this unit has also been adjusted to increase by 300,000 VND/tael in both buying and selling directions.
As reported on March 5, the world gold price heated up when the USD continued to decrease in value, US stocks were in the red. According to Wall Street experts, US stocks were in the red due to stocks being sold off and many people shifting capital into gold to shelter their capital, causing gold prices to increase very strongly.
Gold prices increased today, have investors made a profit?
Gold prices increased very high today, above the peak, but many investors and people who bought gold before have not made a profit yet.
If you buy gold rings at Bao Tin Minh Chau and Bao Tin Manh Hai yesterday afternoon, March 5, at VND93.1 million/tael, and sell them this morning at VND92 million/tael, investors will immediately lose VND1.1 million/tael.
However, if you buy gold rings on the day of God of Wealth 2025 at Bao Tin Minh Chau at VND89.55 million/tael and sell them today at VND92 million/tael, investors and people will make a profit of more than VND2.4 million/tael.
Economic experts recommend that gold is a safe, long-term asset. In the context of record high gold prices, investors should not buy gold at this time. If you have gold invested before, you can sell it or hold it.
