Update SJC gold price
As of 6:15 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 87.7-90.7 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and an increase of 500,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 87.7-90.7 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference in the buying and selling price of SJC gold listed by Bao Tin Minh Chau is 3 million VND/tael.
DOJI Group listed the price of SJC gold bars at 87.7-90.7 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference in the buying and selling price of SJC gold listed by DOJI is 3 million VND/tael.
Price of round gold ring 9999
As of 6:15 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 89-90.7 million VND/tael (buy - sell); an increase of 500,000 VND/tael for buying and an increase of 550,000 VND/tael for selling. The difference between buying and selling is listed at 1.7 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 89.1-90.7 million VND/tael (buy - sell); increased by 800,000 VND/tael for buying and increased by 550,000 VND/tael for selling. The difference between buying and selling is 1.6 million VND/tael.
World gold price
As of 6:15 p.m., the world gold price listed on Kitco was at 2,916.5 USD/ounce, an increase of 36.4 USD/ounce compared to the same time of the previous session.
Gold Price Forecast
World gold prices increased as the USD decreased. Recorded at 4:15 p.m. on February 13, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107.490 points (down 0.31%).
Experts say the general trend of gold prices is upward. Investors take advantage of buying when prices fall, reflecting the optimistic sentiment of the market.
Despite the small sell-off, even a drop of a few hundred dollars from near $3,000 an ounce is not catastrophic, said Daniel Pavilonis, senior market strategist at RJO Futures. He added that people still want to invest in gold with concerns about inflation, debt and geopolitics.
Gary Wagner, editor of TheGoldForecast.com, said the recent rally in gold prices came after the precious metal fell to around $2,650 an ounce, a level he had previously predicted. Wagner said the rally was "a new leg after gold's previous correction."
Traders are actively buying whenever gold prices fall, he said, indicating a very optimistic market sentiment. After the testimony of US Federal Reserve Chairman Jerome Powell, "gold prices fell, but traders immediately jumped in to buy. They wait for such declines to take advantage of the buying opportunity," Wagner said.
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