Gold price update on the morning of March 22: down to 3.1 million VND/tael

Updated SJC gold price

As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND94.7-97.7 million/tael (buy - sell), down 3.1 million VND/tael for buying and down 2.1 million VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.

At the same time, DOJI Group listed the price of SJC gold bars at VND94.7-97.7 million/tael (buy - sell), down VND3.1 million/tael for buying and down VND2.1 million/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at VND95.2-97.7 million/tael (buy - sell), down VND2.8 million/tael for buying and down VND2.1 million/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 round gold ring price

As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND95.9-98.5 million/tael (buy - sell); down VND2.6 million/tael for buying and down VND1.7 million/tael for selling. The difference between buying and selling is listed at 2.6 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 96.4-98.9 million VND/tael (buy - sell); down 2.15 million VND/tael for buying and down 1.4 million VND/tael for selling. The difference between buying and selling is 2.5 million VND/tael.

World gold price

As of 6:20 a.m. on March 22, the world gold price listed on Kitco increased sharply to 3,023.4 USD/ounce, down 12.4 USD/ounce.

Gold price forecast

World gold prices fell as the USD increased. Recorded at 6:20 a.m. on March 22, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.810 points (up 0.3%).

The market overnight was quite quiet, without any big information. No major US economic data was released today. Gold prices in April are currently up $0.30 to $3,044.1. silver prices in May fell by 0.231 USD to 33.76 USD.

According to Kitco, there may be some profit-taking pressure from short-term gold contracts before the end of the week. However, gold buyers are still waiting for a buying opportunity as prices drop sharply.

The Asian and European stock markets yesterday had differentiations, mainly weakness. US stock indexes are expected to open low as the New York trading session begins. Traders and investors in the stock and financial markets may seem less worried this weekend, but that is not necessarily too confident.

Technically, gold prices in April have a solid technical advantage in the short term. Gold buyers' next price target is to close above the strong resistance level of $3,100/ounce. The next downside price target for the sellers is to push the price below the strong support level of 2,900.00 USD.

The first resistance level was a record high of $3,065.20 an ounce and then $3,085.00. The first support level was an overnight low of $3,026.9/ounce and then a low of $3,008.2/ounce on Tuesday.

Overseas markets today saw Nymex crude oil prices slightly fall and trade around 67.75 USD/barrel. The current yield on the US 10-year bonds is 4.214%.