Updated SJC gold price
As of 6:30 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND115.7 million/tael (buy - sell), an increase of VND200,000/tael for buying and VND500,000/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 115.7-118.7 million VND/tael (buy - sell), an increase of 200,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 115.7-118.7 million VND/tael (buy - sell), an increase of 200,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 115-118.7 million VND/tael (buy in - sell out), an increase of 500,000 VND/tael in both directions. The difference between buying and selling prices is at 2.7 million VND/tael.
9999 round gold ring price
As of 6:30 p.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 111.7 hydr 14.7 million VND/tael (buy in - sell out), an increase of 1.2 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 114-117 million VND/tael (buy - sell), an increase of 1 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 111.5-114.5 million VND/tael (buy in - sell out), an increase of 500,000 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 6:30 p.m., the world gold price was listed on Kitco around 3,171.7 USD/ounce.
Gold price forecast
According to Reuters, gold prices fell more than 1% on Friday and are on track to record the strongest weekly decline in the past 6 months, as the USD increased in value and temporary trade agreements between the US and China reduced safe-haven demand for this precious metal.
Mr. Nitesh Shah - commodity strategist at WisdomTree commented: "There were many optimistic signals from trade negotiations last week, and the USD also increased in price, putting pressure on gold prices".
Earlier this week, the US and China agreed to temporarily cut counterparting tariffs from April, helping to improve global financial market sentiment.
Although the USD index did not increase during the day, it is looking forward to the fourth consecutive week of increase, making gold less attractive to holders of other currencies.
Last month, gold prices hit a record high of $3,500.05 an ounce thanks to central bank buying, concerns about a trade war and strong investment demand.
However, signs of slowing inflation and weaker US economic data this week have reinforced expectations that the Fed will cut interest rates more this year - a supporting factor for gold (which does not make a profit, so it benefits in a low interest rate environment).
Mr. Tim Waterer - market analyst at KCM Trade said: "The positive point is that every time gold prices fall, there is buying power, showing that this precious metal is still favored by investors when the growth prospects and global inflation are still blurred".
Meanwhile, silver prices fell 1.2% to 32.28 USD/ounce, platinum prices fell 0.4% to 985.3 USD/ounce and paladi lost 1% to 958.56 USD/ounce.
See more news related to gold prices HERE...
