Gold price update morning of February 24th: Domestic gold prices increase

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Gold price update morning of February 24th: Simultaneously increasing. Domestic gold approaches the threshold of 185 million VND/tael.

SJC gold bar price

As of 6:00 AM on February 24, SJC gold bar prices were listed by DOJI Group at the threshold of 181.6-184.6 million VND/tael (buying - selling), an increase of 5.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 181.6-184.6 million VND/tael (buying - selling), an increase of 3.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 181.6-184.6 million VND/tael (buying - selling), an increase of 3.6 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 6:00 AM on February 24, DOJI Group listed the price of gold rings at 181.5-184.5 million VND/tael (buying - selling), an increase of 5.9 million VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at 181.6-184.6 million VND/tael (buying - selling), an increase of 3.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 181.5-184.5 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 11:00 PM on February 23, world gold prices were listed around the threshold of 5,194.6 USD/ounce, up 88.7 USD.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

Gold and silver prices rose sharply in early Monday morning trading in the US. Gold hit a three-week high, while silver reached a two-week high.

Safe haven demand continues to support the two precious metals in the context of markets being affected by changes in trade policy and geopolitical factors.

New developments related to US tariff policies are attracting the attention of investors. The US administration said it will adjust the global tariff from 10% to 15%, while maintaining exceptions for many items under the US-Mexico-Canada Agreement (USMCA).

Some major trading partners are closely monitoring detailed information to assess the impact on negotiation and goods exchange activities.

In another development, the US and Iran are expected to continue exchanges this week on issues related to the nuclear program. Concerns about supply risks and regional tensions have contributed to keeping oil prices at a high level.

Technically, gold buyers for April futures are aiming to close above the strong resistance zone of 5,400 USD/ounce.

In the opposite direction, the selling side aims to pull the price down below the important technical support zone of 4,854.20 USD/ounce.

The nearest resistance level is 5, 198.80 USD/ounce, followed by 5, 250 USD/ounce. The immediate support level is at 5, 120.40 USD/ounce, followed by 5, 100 USD/ounce.

Developments in external markets, the USD index slightly decreased. Crude oil prices almost went sideways around 66.50 USD/barrel. The yield of 10-year US Treasury bonds was at 4.07%.

Gold price data is compared to the previous day.

The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.

The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.

See more news related to gold prices HERE...

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