Gold price update at the closing session 13. 4: Decline, potential risks

Khương Duy |

Gold price update at the closing session on April 13: Domestic gold decreased by 700,000 to 900,000 VND, the buying - selling difference is still at a high level.

SJC gold bar price

As of 8:00 PM, SJC gold bar prices were listed by DOJI at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Jewelry Group listed SJC gold bar prices at 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 8:00 PM, DOJI listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 8:15 PM, world gold prices were listed around 4,733.7 USD/ounce, down 13.5 USD compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

In the short term, gold prices are forecast to continue to be interspersedly affected by both supporting factors and adjustment risks. The biggest support for the precious metal still comes from the persistent buying demand of central banks in the context of the world economy and geopolitics still unstable.

As global risks increase, gold continues to be seen as a particularly valuable defensive asset, especially for countries that want to strengthen reserves and reduce dependence on external financial shocks.

In fact, the gold accumulation trend of the central bank sector in the past time is no longer short-term or temporary, but shows a longer-term strategy.

In the context of the international financial system becoming increasingly sensitive to conflicts and political fluctuations, gold is highly appreciated for its characteristics of not being associated with partner risks and having the ability to preserve value. This is also a factor creating an important support for world gold prices, even when the market experiences strong fluctuations.

However, the outlook for this week still makes many experts cautious. Mr. Darin Newsom, senior market analyst at Barchart. com, believes that the June gold futures contract is approaching the area that could form a short-term peak.

According to this view, the market is likely to face adjustment pressure if buying power weakens or profit-taking sentiment increases after a period of hot growth.

Sharing the same cautious view, Mr. Colin Cieszynski - chief market strategist at SIA Wealth Management - said that gold may have shifted from a strong upward state to a sideways phase with a large amplitude. He believes that after many months of climbing, the market entering a phase of accumulation is not a surprise.

In the context of prices being strongly influenced by political statements, geopolitical fluctuations and interest rate expectations, the short-term trend of gold is still very difficult to predict.

In general, gold still has a relatively solid support base thanks to strategic buying power from central banks. However, in the short term, prices may still fluctuate strongly and the possibility of adjustment or sideways movement before forming a clearer trend is not ruled out.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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