Updated SJC gold price
As of 5:15 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND115.5-118.2 million/tael (buy - sell), down VND2.5 million/tael for buying and down VND1.8 million/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 115.5-118.2 million VND/tael (buy - sell), down 2.5 million VND/tael for buying and down 1.8 million VND/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 115.5-118.2 million VND/tael (buy - sell), down 2.5 million VND/tael for buying and down 1.8 million VND/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at VND 114.5-118.2 million/tael (buy - sell), down VND 2.5 million/tael for buying and down VND 1.8 million/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.
9999 round gold ring price
As of 5:15 p.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND 110.5-113.5 million/tael (buy - sell), down VND 2 million/tael for buying and down VND 1.5 million/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 113.5-116.5 million VND/tael (buy - sell), down 2 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 111-114 million VND/tael (buy in - sell out), down 2.5 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed 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 5:08 p.m., the world gold price listed on Kitco was around 3,169.4 USD/ounce, down 59.7 USD/ounce.
Gold price forecast
World gold prices continued to plummet, hitting a low in more than a month, as investors shifted to more risky assets thanks to the positive sentiment of global trade and expectations that US economic data will reveal the monetary policy roadmap of the US Federal Reserve (FED).
According to Mr. Brian Lan - CEO at Gold Silver Central (Singapore), the market is shifting its attention to risky assets when positive information appeared from the US - China trade negotiations. Increased risk-off sentiment causes investors to sell gold to switch to stocks and other profitable assets, said Mr. Lan.
Agreeing, independent analyst Tai Wong said: The global market is recovering thanks to the US and China's agreement to cut tariffs sharply, which has triggered technical sell-offs that have caused gold prices to slide through important support levels.
The market is currently closely monitoring the US producer price index (PPI) to be released on May 15 (US time). This data could provide cluees about inflationary pressures in the US economy, thereby affecting the Fed's decision to keep or cut interest rates in the coming time.
Experts warn that if gold prices do not hold the important support level around 3,150 USD/ounce, this precious metal could continue to fall further, with the next support zone forecast to be 3,100 USD/ounce.
See more news related to gold prices HERE...
