The price of gold has increased “strongly” today, the investment in gold has set a record

The price of gold reaches a record level

The price of gold reached today, on April 16, an unprecedented level. At 10 am, Saigon Jewelry Company Limited – SJC indicated that the price of SJC gold was 108.5 million VND/Tael for purchase and 111 million VND/Tael for sale.

The price of SJC gold to Bao Tin Minh Chau also bought SJC gold ingots at 108.5 million VND/Tael and sells them at 111 million VND/Tael.

At the same time, the price of gold rings is also listed by Bao Tin Minh Chau at around 108.3 – 111 million VND/Tael for purchase and sale.

Saigon Jewelry Company Limited – SJC listed at 108 – 110.5 million VND/TAEL for purchase and sale.

Compared to 2:30 p.m. Yesterday, on April 15, the price of SJC gold was adjusted to increase by 3 million VNDs in both directions of purchase and sale.

Meanwhile, the price of gold rings has been adjusted to increase by 5.6 million VND/Tael for purchase and 6 million VND/Tael for sale.

At 10:00 am, the World Gold Prize was around 3,275 USD/Once. Gold prices have increased due to the fears that trade tensions continue to intensify and that global economic growth slows down due to changes in pricing policies, which has prompted investors to turn to gold as a refuge value.

Explaining the increase in gold prices, many economic experts have said that the increase in gold prices is partly due to the continuous weakening of the US dollar. The fall in the US dollar index shows that the appeal of this refuge currency decreases and that gold could become an alternative for many USD investors.

In addition, short -term monetary policy prospects have also provided additional gold support.

Gold prices increase, the demand for investment in gold also reaches a peak

The high price of gold goes hand in hand with the sharp increase in demand for storage of gold. According to an investigation by a journalist, even if the gold stores sell only a small quantity, many people still queue to buy gold.

At the Bao Tin Minh Chau store, rue Tran Nhan Tong (Hai Ba Trung district, Hanoi), people line up on the sidewalk while waiting to buy gold. Ms. Thu Phuong (Hoan Kiem, Hanoi) said that even if the price of gold is high, it is still an effective investment channel in the current context. Gold prices continue to break records due to concerns about inflation and geopolitical risks …

“In the coming times, the world price of gold should continue its upward trend, which will result in an increase in the price of national gold”, Informed Ms. Thu Phuong, confidently affirming that investing in gold during this period will always be profitable.