Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by DOJI Group at 80-83.5 million VND/tael (buy - sell).
Compared to the close of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at DOJI Group is at 3.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 80-83.5 million VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 80.3-83.5 million VND/tael (buy - sell).
Compared to the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 3.2 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 3.5 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
Price of round gold ring 9999
As of 5:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 81-82.7 million VND/tael (buy - sell), keeping both selling prices unchanged compared to the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 81.03-82.68 million VND/tael (buy - sell); increased 250,000 VND/tael for buying and kept the same for selling.
World gold price
As of 5:15 p.m., the world gold price listed on Kitco was at 2,563.2 USD/ounce, down 3.8 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices fell slightly amid a high USD index. Recorded at 5:15 p.m. on November 16, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 106.620 points (up 0.02%).
The latest Kitco News weekly gold survey shows strong bearish sentiment among industry experts, while traders are also increasingly concerned about the precious metal’s near-term outlook.
This week, 12 analysts participated in the Kitco News gold survey. Once again, only a handful of experts see gold’s near-term potential. Only three experts see gold prices rising next week. Six analysts predict further declines in the precious metal. The remaining three analysts see gold prices remaining flat.
Meanwhile, 181 votes were cast in Kitco’s online poll. While the number of investors who forecast positive prices remains high, the percentage is down significantly from previous weeks.
Seventy-eight retail traders expect gold prices to rise next week, while 71 expect the precious metal to fall. The remaining 32 investors see gold moving sideways in the coming week.
The economic calendar next week focuses on the US housing sector. The market will receive data on US housing starts and building permits for October on Tuesday, MBA mortgage applications on Wednesday and existing home sales for October on Thursday.
Other highlights include the Philly Federal Reserve manufacturing index on Thursday, with market participants watching to see if the Philadelphia region sees a strong increase in manufacturing activity like nearby New York state. Finally, the University of Michigan consumer sentiment for November.
See more news related to gold prices HERE...
