Update SJC gold price
As of 6:00 p.m. on February 1, the price of SJC gold bars was listed by Saigon Jewelry Company at VND86.8-88.8 million/tael (buy - sell); both buying and selling prices remained unchanged.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Meanwhile, DOJI Group listed the price of SJC gold at 86.9-88.9 million VND/tael (buy - sell); keeping both buying and selling prices unchanged.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 86.9-88.9 million VND/tael (buy - sell); keeping both buying and selling prices unchanged.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
Price of round gold ring 9999
As of 6:00 p.m. today, the price of round gold rings listed by DOJI Group is at 86.6-88.1 million VND/tael (buy - sell); both buying and selling prices remain unchanged compared to the closing price of yesterday's trading session.
Bao Tin Minh Chau listed the price of gold rings at 86.6-88.9 million VND/tael (buy - sell), keeping both buying and selling prices unchanged compared to the closing price of yesterday's trading session.
World gold price
As of 6:00 p.m., the world gold price listed on Kitco was at 2,797.9 USD/ounce, down 9.6 USD/ounce compared to the same time of the previous session.
Gold Price Forecast
World gold prices fell slightly as the USD index increased. Recorded at 6:00 p.m. on February 1, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 108.220 points (up 0.55%).
The latest Kitco News weekly gold survey shows that industry experts remain bullish on the precious metal, while retail investors also see higher prices in the near future.
Nine experts, or 69%, expect gold prices to surpass this week’s record next week. Four experts, or 31%, predict gold prices will fall. None expect gold to trade sideways or consolidate next week.
Meanwhile, 147 investors participated in Kitco's online poll, with retail investors as bullish as the professionals.
101 traders, or 69%, forecast gold prices to rise next week, while 27, or 18%, expect gold to fall. The remaining 19 investors, or 13% of the total, believe gold will move sideways in the short term.
“I am bullish on gold next week,” said Colin Cieszynski, chief strategist at SIA Wealth Management.
“Gold has just completed a consolidation phase and has broken out to an all-time high. Technically, gold appears to be starting a new rally. What is particularly interesting is that gold is still showing strength even when the USD is strengthening,” the expert said.
“Gold is going to rise,” said Adrian Day, president of Adrian Day Asset Management. “Gold has been particularly strong in recent weeks due to concerns about US tariffs. While the actual tariffs may not be as severe as initially feared, the concerns that have driven gold over the past two years have not gone away.”
Meanwhile, Rich Checkan, president and COO of Asset Strategies International, commented: "My instinct is to see prices lower due to profit taking... but I still see prices rising. Whether it is exaggerated or not, the news of the shortage of gold in London, combined with the tariffs of US President Donald Trump and the inflationary pressures mentioned by the Federal Open Market Committee (FOMC) last Wednesday, all contribute to pushing gold prices higher."
See more news related to gold prices HERE...
