Updated SJC gold price
As of 9:20 a.m., DOJI Group listed the price of SJC gold bars at VND 144.1-146.4 million/tael (buy - sell), an increase of VND 2.5 million/tael for buying and an increase of VND 2.8 million/tael for selling. The difference between buying and selling prices is at 2.3 million VND/tael.
The price of SJC gold bars was listed by Bao Tin Minh Chau at 144.9-146.9 million VND/tael (buy - sell), an increase of 3.3 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at VND 144.1-146.4 million/tael (buy - sell), an increase of VND 3.3 million/tael for buying and an increase of VND 2.8 million/tael for selling. The difference between buying and selling prices is at 2.3 million VND/tael.
9999 round gold ring price
As of 9:20 a.m., DOJI Group listed the price of gold rings at 143.2-145.5 million VND/tael (buy - sell), an increase of 5.3 million VND/tael for buying and an increase of 4.6 million VND/tael for selling. The difference between buying and selling is 2.3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 143.9-146.9 million VND/tael (buy - sell), an increase of 4.7 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 142.4-145.4 million VND/tael (buy - sell), an increase of 4.1 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
The buying-selling gap is pushed up too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 9:30 a.m., the world gold price was listed around 4,141.7 USD/ounce, up 94.2 USD.
Gold price forecast
Gold prices continue to set new records, while silver is approaching the peak it reached in 1980. Safe-haven demand amid US government shutdowns and fake sales tightening in the silver market has kept buyers confident, while sellers cautiously do not dare to face it.
Recent strong fluctuations show that the risk level and price fluctuations of these two precious metals will remain high in the short term.
According to Bloomberg, overnight silver prices have hit a multi-decade high as the historic "fake-off" in London has become more intense, forcing investors around the world to actively hunt for physical silver to make up for supply and demand shortages.
Spot gold has increased by 3.1%, to nearly 52 USD/ounce, surpassing last week's peak; spot gold also surpassed 4,070 USD/ounce, setting a new record.
The heat spread to platinum and palladium as investment demand increased sharply, causing liquidity stress in the London market. The standard price here is currently significantly higher than in New York, causing many traders to charter flights across the Atlantic to transport silver, a form of capital used only for gold to take advantage of the large difference, according to Bloomberg.
Meanwhile, the US political situation continues to be complicated as President Donald Trump's firing of federal employees increases the risk of a prolonged government shutdown. According to Bloomberg, the Democrats see this as an opportunity to create pressure to negotiate, focusing on the issue of medical costs to please voters before the midterm election. The Republican Party accused the opponent of taking advantage of the situation to take political advantage.
In addition, the Trump administration has also signaled readiness to negotiate with China to cool down trade tensions, but warned that Beijing's new export control measures are the main barrier. China has previously imposed additional port fees on US ships, opened an antitrust investigation with Qualcomm and tightened exports of rare earths and many other strategic materials.
Technically, gold buyers are holding a clear advantage in the short term. The next upside target is to close above the strong resistance zone of 4,200 USD/ounce, while the nearest support zone is at 4,050 USD and 4,011 USD/ounce.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
