Update SJC gold price
As of 6:15 p.m., DOJI Group listed the price of SJC gold bars at 85-87 million VND/tael (buy - sell).
Compared to the previous trading session, gold price at DOJI increased by 1.3 million VND/tael for buying and increased by 800,000 VND/tael for selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 85-87 million VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1.3 million VND/tael for buying and increased by 800,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 85.3-87 million VND/tael (buy - sell), unchanged.
Compared to the previous trading session, gold price at Bao Tin Minh Chau increased by 1.3 million VND/tael for buying and increased by 800,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 1.7 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Although it has decreased compared to the previous trading session, this difference is still very high.
This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make profits, especially in the short term.
9999 round gold ring price
As of 6:15 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 85.4-86.5 million VND/tael (buy - sell), an increase of 600,000 VND/tael for buying and an increase of 700,000 VND/tael for selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 85.48-86.43 million VND/tael (buy - sell); increased by 650,000 VND/tael for both buying and selling.
World gold price
As of 6:20 p.m., the world gold price listed on Kitco was at 2,704.1 USD/ounce, up 36 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices increased sharply despite the increase in the USD index. Recorded at 6:20 p.m. on November 22, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 107.439 points (up 0.48%).
The recent escalation of geopolitical tensions has caused significant reactions in global financial markets, especially gold prices.
The Russian military has launched modern medium-range hypersonic missiles at Ukrainian targets - Reuters quoted President Vladimir Putin as saying in a public speech on November 21.
As part of what Mr Putin described as a “combat test”, the Oreshnik (Hazel) hypersonic missile successfully struck a military-industrial facility in the Ukrainian city of Dnepropetrovsk (Dnipro).
The airstrikes were in response to Ukrainian attacks on military facilities located on internationally recognized Russian territory. President Putin said Kiev forces launched attacks on Russia on November 18 and 20, using US-made ATACMS and HIMARS missile systems as well as British-made Storm Shadow missiles.
Matthew Jones, precious metals analyst at Solomon Global, said: “In the current environment, $2,800 an ounce by Christmas is not out of the question.
The ongoing conflict between Russia and Ukraine has become one of the most intense and geopolitically significant confrontations of the 21st century. Western nations, led by the United States and its NATO allies, have provided Ukraine with significant military aid. Reports suggest that the West is tacitly approving the use of long-range missiles such as ATACMS or Storm Shadow to target strategic locations inside Russia.”
Meanwhile, Goldman Sachs experts predict that escalating trade tensions when Donald Trump takes office early next year could push up demand for gold. The precious metal could reach $3,000 an ounce by 2025.
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