Saigon Jewelry Company SJC listed the selling price of gold bars at 3:00 p.m. on February 24, reaching 48.8 million VND per tael, an increase of 1.8 million VND compared to the beginning of the day and a total increase of 2.7 million VND.
At the same time, DOJI Gold, Silver and Gemstone Group bought and sold SJC gold bars at 47.2 – 48.4 million VND per tael.
Previously, the price of gold increased sharply by 900,000 VND this morning.
The domestic gold price has continuously increased over the past week, from the selling price of 44.25 million VND on February 15, to 44.4 million VND on February 16, then jumped to 44.98 million VND on February 19.
Gold prices increased rapidly and strongly but market transactions were still not very exciting.
People bought gold on God of Wealth Day, January 10.
SJC gold price skyrocketed due to the strong rise of the world market.
From the beginning of 2020 until now, gold prices have continuously increased as it became a safe haven for investors.
Predicting the price of gold this week, among 14 analysts participating in a survey on Wall Street, up to 93% of respondents thought that gold prices would increase, with only 7% of those giving an opinion that gold prices would increase.
In addition, of the 820 investors participating in the Main Street survey, up to 73% also predicted the price of gold to increase, only 17% of respondents predicted the price of gold to decrease, the rest predicted the price to move sideways in the future.
On the foreign exchange market, the central exchange rate announced by the State Bank this morning was 23,243 VND, an increase of 4 VND.