Updated gold price at the end of the session on November 16: Gold ring buyers suffered heavy losses after a week

Khương Duy |

Updated gold price at the end of the session on November 16: Gold increased last week but the difference between buying and selling was too high, causing investors to suffer losses.

SJC gold bar price

At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 149-151 million VND/tael (buy - sell).

Compared to the closing price of the previous trading session (November 9, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by 2.6 million VND/tael in both directions. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold bar price movements in recent sessions. Chart: Phan Anh

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 149-151 million VND/tael (buy in - sell out).

Compared to a week ago, the price of SJC gold bars was increased by 2.1 million VND/tael for buying and by 2.6 million VND/tael for selling. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

If buying SJC gold at Saigon Jewelry Company SJC and Bao Tin Minh Chau in the session of November 9 and selling it in today's session (November 16), buyers will make a profit of VND 600,000/tael.

Bang: Khuong Duy
Table: Khuong Duy

9999 gold ring price

Bao Tin Minh Chau listed the price of gold rings at 147.8-150.8 million VND/tael (buy - sell); increased by 2 million VND/tael in both directions. The difference between buying and selling is at 3 million VND/tael.

Dien bien gia vang nhan nhung phien gan day. Bieu do: Phan Anh
Gold ring price developments in recent sessions. Chart: Phan Anh

Phu Quy Gold and Stone Group listed the price of gold rings at 147.5-150.5 million VND/tael (buy - sell), an increase of 2.1 million VND/tael in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.

If buying gold rings in the session of November 9 and selling in today's session (November 16), buyers at Bao Tin Minh Chau will lose 1 million VND/tael. Meanwhile, the loss when buying in Phu Quy is 900,000 VND/tael.

Bang: Khuong Duy
Table: Khuong Duy

World gold price

At the end of the trading session of the week, the world gold price was listed at 4,080.7 USD/ounce, up 79.5 USD compared to a week ago.

Dien bien gia vang the gioi nhung phien gan day. Bieu do: Phan Anh
World gold price developments in recent sessions. Chart: Phan Anh

Gold price forecast

The latest weekly gold survey by an international financial information platform shows that negative sentiment continues to cover the market

This week, 17 Wall Street experts participated in a gold price survey. Of these, eight (47%) predict gold prices will fall in the short term. Six experts (35%) are neutral for next week, while only three (18%) see prices continuing to rise.

Meanwhile, an online survey on social media recorded 230 votes. Of these, 151 people (65.7%) expect gold prices to rise next week. 38 (16.5%) forecast prices to fall and 41 (17.8%) remained neutral in the short term.

Mr. Jim Wyckoff - senior analyst at Kitco.com is leaning towards the scenario of gold prices falling next week: "Buyers' momentum has run out very quickly and short-term technical indicators have deteriorated a bit".

Meanwhile, Mr. Alex Kuptsikevich - senior analyst at FxPro, commented: "The weakening of the USD and the rumor that the FED could resume the asset purchase program have been the main drivers of gold prices to increase since the beginning of the week; but the developments on Thursday and Friday showed that the market is no longer one-sided."

Kuptsikevich predicts gold prices will fall next week and believes that investors are likely to sell as prices increase: Gold has been continuously sold strongly after each increase since the end of last month, as an effort by the selling side to prove that they have broken the buying side.

Like other risky assets, gold weakened over the weekend due to a sharp decline in the probability of the Fed cutting interest rates in December. If FOMC members continue to orient the market in this direction, the USD will certainly increase and gold will decrease, he said.

However, we also see a greater risk that upcoming US economic data will show a worsening economic picture. At that time, the USD will strengthen and the risk-off sentiment will increase. In such scenarios, gold often spikes in the early stages, but can then plummet," the expert added.

Notable US economic data next week

Monday: Empire State Production Survey.

Wednesday: Minutes of the Federal Open Market Committee (FOMC) meeting.

Thursday: Philly FED Production Survey, Weekly Unemployment claims, existing home sales.

Friday: S&P's preliminary PMI, University of Michigan Consumer Confidence Index.

See more news related to gold prices HERE...

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