Gold price today 28/2 decreased sharply, investors 'complained to heaven'

Gold price today, February 28, dropped sharply, investors 'complained to the heavens'. SJC gold bar price, gold ring price dropped sharply. Gold ring price dropped about 200,000 VND/tael

Gold price today 28/2 decreased sharply

Gold prices today, February 28, suddenly turned down sharply. On the world gold market, at 10:00 a.m. on February 28, spot gold prices were trading around $2,875/ounce, down sharply compared to the same time on February 27.

The world gold price today decreased, dragging down the domestic gold price. At the opening of this morning's trading session, the domestic gold ring price and SJC gold bar price decreased.

Gold price today dropped sharply, investors 'complained to heaven'

At 10:00 a.m. on February 28, the price of SJC gold bars today was being traded at Saigon Jewelry Company Limited - SJC at 88.9 - 90.9 million VND/tael for buying and selling, unchanged for buying and down 300,000 VND for selling compared to the same time on February 27.

Similarly, Bao Tin Minh Chau is also listing SJC gold price around 89.1 - 90.9 million VND/tael for buying - selling, down 135,000 VND/tael for buying and down 100,000 VND/tael for selling.

At DOJI , SJC gold price is also being traded around 89.7 - 92 million VND/tael for buying and selling, the price has remained the same since February 25.

World gold price decline leads to sharp decline in domestic gold price

Gold ring price today 28/2 decreased sharply

Meanwhile, in the gold market today, the price of gold rings has also slightly decreased. The price of gold rings at Bao Tin Minh Chau is being sold at 91.4 million VND/tael and bought at 89.95 million VND/tael. Compared to the same time on February 27, the price of gold rings at this unit was adjusted down by 600,000 VND/tael for selling and down by 500,000 VND/tael.

Saigon Jewelry Company Limited - SJC is trading ring gold price around 88.9 - 90.8 million VND/tael.

Gold price today February 28, world market decreased, followed by sharp decrease in domestic gold price.

On February 24, Saigon Jewelry Company Limited - SJC listed the price of SJC gold bars at 89.7 - 92 million VND/tael for buying and selling, but today, the price of gold bars has evaporated by 1.1 million VND per tael.

Similarly, the price of gold rings also decreased sharply, from 91.9 million VND/tael sold on February 24, down 900,000 VND/tael, to 90.8 million VND/tael.

Thus, after only 5 days, many investors who bought gold suddenly suffered heavy losses. If an investor bought gold rings for investment on February 24 at VND91.9 million/tael and sold them today at VND88.9 million/tael, the investor would have lost VND3 million/tael.

Ms. Minh Hien (Doi Can, Ba Dinh, Hanoi ) is worried about the need to sell gold at this time. Ms. Hien said that before, she bought gold for investment, now she wants to sell, but the price has dropped, investing in gold is not profitable, now she has suffered heavy losses when the gold price suddenly dropped sharply.

In the context of gold prices fluctuating continuously, many experts recommend that investors should not buy or sell gold at this time. If you have gold, hold on to it.

According to Bao Tin Minh Chau's records, at this company's business establishments, the number of customers buying and selling has a ratio of (60% buying customers and 40% selling customers).

The gold market is unpredictable, Bao Tin Minh Chau recommends that investors and people should consider carefully before trading and regularly monitor gold prices on official channels to make the most correct decisions.

The gold market is being affected by many uncertainties related to tariff and trade policies in general. The recent declines in gold prices are considered as buying opportunities. However, investors should consider to avoid the risk of loss.

Source: https://congthuong.vn/gia-vang-hom-nay-282-giam-rat-manh-nha-dau-tu-than-troi-376050.html