Updated SJC gold price
As of 7:45 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND113-125.5 million/tael (buy - sell); increased by VND7.5 million/tael for buying and increased by VND7.7 million/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
At the same time, DOJI Group listed the price of SJC gold bars at 113-115.5 million VND/tael (buy - sell); increased by 7.5 million VND/tael for buying and increased by 7.7 million VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 112.5-115.5 million VND/tael (buy - sell); increased by 7 million VND/tael for buying and increased by 7.7 million VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
9999 round gold ring price
As of 7:50 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 110.5-113.5 million VND/tael (buy - sell); an increase of 7.3 million VND/tael for buying and an increase of 7 million VND/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 112-115 million VND/tael (buy - sell); an increase of 7.9 million VND/tael for buying and an increase of 8 million VND/tael for selling compared to early in the morning. The difference between buying and selling prices is at 3 million VND/tael.
World gold price
As of 7:12 p.m., the world gold price was listed at 3,306.2 USD/ounce, up 88.9 USD.
Gold price forecast
Gold prices hit a record high on Wednesday as the US dollar weakened, trade tensions escalated and concerns about global economic growth boosted demand for safe-haven assets.
Trade tensions between the US and China escalated when Nvidia (NVDA.O) announced on Tuesday that it will suffer a loss of 5.5 billion USD after the US government limits the export of H20 artificial intelligence chips to China.
China has asked its airlines not to accept additional Boeing (BA.N) orders as a reaction to the US imposing a 145% tariff on Chinese goods.
In another development, the World Gold Council (WGC) said that the Chinese gold market is strong as prices and investment demand increase, while imports and demand for gold jewelry decrease.
The Chinese gold market showed significant strength in March and the first quarter, with domestic gold prices reaching record highs and capital flows into gold ETFs increasing, along with the Central Bank continuing to buy. However, the increase in gold prices continues to reduce demand for imports and gold jewelry, according to Ray Jia - Head of China Research Department of WGC.
Jia said gold prices will continue to increase strongly in March 2025, reaching a record high in China and internationally.
"geopolitical tensions and US President Donald Trump's trade policies have increased the appeal of gold as a safe-haven asset," he said.
Note: The article data compares with the same time of the previous trading session.
See more news related to gold prices HERE...
