Updated SJC gold price
At the end of the trading session of the week, DOJI Group listed the price of SJC gold at 87.3-90.3 million VND/tael (buy in - sell out).
Compared to the closing price of last week's trading session (February 9, 2025), the price of SJC gold bars at DOJI increased by 500,000 VND/tael for buying and remained the same for selling.
The difference between the buying and selling prices of SJC gold at DOJI Group is at 3 million VND/tael.
Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 87.3-90.3 million VND/tael (buy in - sell out).
Compared to the closing price of last week's trading session (February 9, 2025), the price of SJC gold bars at DOJI increased by 500,000 VND/tael for buying and remained the same for selling.
The difference between the buying and selling prices of SJC gold at DOJI Group is at 3 million VND/tael.
If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC in the session of February 9 and selling it in today's session (February 16), gold buyers at DOJI Group and Saigon Jewelry Company SJC will both lose 3 million VND/tael.
Currently, the difference between the buying and selling prices of gold is listed around 3 million VND/tael. Experts say this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 round gold ring price
As of 6:15 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 88.3-90.3 million VND/tael (buy - sell); an increase of 1.7 million VND/tael for buying and kept the same for selling compared to the closing price of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 88.45-90.3 million VND/tael (buy - sell); an increase of 1.65 million VND/tael for buying and an increase of 50,000 VND/tael for selling compared to the closing price of the previous trading session.
If buying gold rings in the session of February 9 and selling in today's session (February 16), buyers at DOJI will lose 2 million VND/tael; meanwhile, buyers at Bao Tin Minh Chau will still lose 1.8 million VND/tael.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and experts' opinions before making an investment decision.
World gold price
At the end of the trading session of the week, the world gold price listed on Kitco was at 2,882.4 USD/ounce, up 21.2 USD/ounce compared to the closing price of the previous trading session.
World gold prices were under pressure at the end of the week despite the decline in the USD index. Recorded at 6:00 p.m. on February 16, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.580 points (down 0.6%).
Gold price forecast
The latest weekly gold survey from Kitco News shows that industry experts are still bullish but more divided than last week. Meanwhile, retail traders are also cautious in expecting gold prices to continue to rise.
Of the 14 experts participating in the Kitco News Gold Survey, 10 people (equivalent to 71%) predict that gold prices will continue to increase next week. Two (14%) see the precious metal falling. The remaining two predict gold prices will remain flat.
Meanwhile, Kitco's online poll attracted 201 votes. Small investors are also less optimistic but still maintain a positive view on the outlook for gold. 131 retail traders (65%) expect gold prices to rise next week. 48 people (24%) predict prices will fall and the remaining 22 people (11%) see gold moving sideways in the short term.
"Gold prices will increase" - James Stanley, senior market strategist at Forex.com - commented. Buyers are still controlling the market and I dont think gold prices have hit a peak. There may be a correction before gold reaches $3,000/ounce, but there is currently not enough basis to worry about that. The trend is still strong, so I continue to maintain an optimistic view on gold".
Adrian Day - Chairman of Adrian Day Asset Management - said: "Gold prices will increase. Gold is still on the rise and the factors supporting buying remain intact.
Rich Checkan, chairman and COO of Asset Strategies International, agreed: "Gold prices will continue to rise. The current trend is still very solid and the market is facing many uncertainties.
In addition, US inflation data (CPI and PPI) shows that prices have not shown any signs of cooling down. Gold has always been considered a safe haven in the context of instability and high inflation. As it approaches $3,000 an ounce, there may be some short-term corrections as this is a psychologically important level. But not right now.
See more news related to gold prices HERE...
