Gold ring price sets new record

By Dat Nguyen   April 3, 2024 | 09:05 pm PT
Gold ring price sets new record
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold ring price reached a new record of VND72.1 million ($2,883.65) per tael Thursday morning, up 0.77%.

Gold bar price went up 0.62% to VND81.6 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear, while traders await key U.S. jobs data.

Spot gold was steady at $2,299.28 per ounce, as of 0343 GMT, and hit a record high of $2,304.09 earlier in the session. Bullion has hit record highs in each session since last week's Thursday.

U.S. gold futures gained 0.2% to $2,318.70.

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