Update SJC gold price
As of 6:00 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 closing price of last week's trading session, the price of SJC gold bars at DOJI decreased by 2 million VND/tael for buying and 2.3 million VND/tael for selling.
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 closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company decreased by VND 2 million/tael for buying and VND 2.3 million/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 3.5 million VND/tael.
Last week, the price of SJC gold fell sharply, combined with the difference between buying and selling prices due to listed businesses, investors suffered heavy losses. If they bought SJC gold at DOJI Group in the session of November 10 and sold it today (November 17), investors would lose VND5.8 million/tael. Similarly, those who bought gold at Saigon Jewelry Company SJC also lost VND5.8 million/tael.
Currently, the difference between buying and selling gold prices is listed at around 3.2-3.5 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 6:00 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); down 2.35 million VND/tael for buying and down 2.45 million VND/tael for selling compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 81.03-82.68 million VND/tael (buy - sell); down 2.29 VND/tael for buying and down 2.44 million VND/tael for selling compared to the closing price of last week's trading session.
After a week of decline, if investors buy gold rings in the session of November 10 and sell them in today's session (November 17), the loss investors will have to accept when buying at DOJI and Bao Tin Minh Chau is 4.15 million VND/tael and 4.09 million VND/tael, respectively.
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 expert opinions before making investment decisions.
World gold price
At the close of the weekly trading session, the world gold price listed on Kitco was at 2,563.2 USD/ounce, down 121.2 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices fell slightly amid a high USD index. Recorded at 6:00 p.m. on November 17, 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...
