Infographic: Gold prices gain marginally on March 16
Vietnam gold prices rose slightly on March 16 while global rates remained mostly flat. Saigon Jewelry Company gold bar went up 0.27% to 183.1 million VND per tael. Gold ring price inched up 0.27% to 182.8 million VND per tael.
Global gold prices posted a second straight week of gains following a sharp decline, closing the week at 4,676 USD per ounce. Most analysts expect prices to move sideways, while retail investors remain optimistic about the precious metal’s short-term outlook. Meanwhile, SJC gold bars ended the week at 174.5 million VND per tael.