Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by DOJI Group at 86-88 million VND/tael (buy - sell).
Compared to the close of the previous trading session, gold price at DOJI increased by 2 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 86-88 VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 2 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 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 86-87 million VND/tael (buy - sell); an increase of 1.3 million VND/tael for both buying and selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 85.98-86.98 million VND/tael (buy - sell); an increase of 1.3 million VND/tael for both buying and selling compared to the close of the previous trading session.
World gold price
As of 5:15 p.m., the world gold price listed on Kitco was at 2,730.2 USD/ounce, up 8.3 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices increased sharply despite the high USD index. Recorded at 5:15 p.m. on October 21, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103,500 points (up 0.19%).
“Geopolitical uncertainty, sluggish economic growth in key regions, policy shifts by central banks towards lower interest rates and most recently the news surrounding the US presidential election have all contributed to this situation,” said Ricardo Evangelista, senior analyst at ActivTrades.
Jesse Colombo, an independent precious metals analyst and founder of the BubbleBubble report, said he sees no risk in the market as this rally comes after a period of consolidation.
"The gold rally is just getting started. Retail investors are not fully involved yet. I believe the real FOMO is still ahead as gold prices approach $3,000 an ounce," said Jesse Colombo.
A solid close above $2,700 an ounce later this week would take gold prices towards $3,000 an ounce, he added.
Rich Checkan, Chairman and CEO of Asset Strategies International, agrees and is optimistic about the future of gold.
"This rally is just getting started. Investors should stop waiting and get in the market," the expert said.
