Update SJC gold price
As of 4:30 p.m., the price of SJC gold bars was listed by DOJI Group at 82.4-84.4 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 VND 1.4 million/tael for buying and VND 1.9 million/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 81.8-83.8 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 2.5 million/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
If you buy SJC gold at DOJI Group on December 15 and sell it today (December 22), you will lose 3.9 million VND/tael. Meanwhile, those who buy gold at Saigon Jewelry Company SJC will lose 4.5 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say 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 82.9-84.4 million VND/tael (buy - sell); down 600,000 VND/tael for buying and down 200,000 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 82.7-84.4 million VND/tael (buy - sell); down 930,000 VND/tael for buying and down 980,000 VND/tael for selling compared to the closing price of last week's trading session.
After a week of decline, if you buy gold rings on December 15 and sell them today (December 22), the loss investors will have to accept when buying at DOJI and Bao Tin Minh Chau is VND1.7 million/tael and VND2.68 million/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 2,623.6 USD/ounce, down 25 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices received support at the end of the week when the USD index decreased. Recorded at 5:00 p.m. on December 22, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 107.350 points (down 0.74%).
Many experts predict that gold prices will reach $3,000/ounce next year, but this increase is expected to only occur in the second half of 2025. Meanwhile, with current prices hovering around $2,650/ounce, next year's target would be equivalent to an increase of about 13%, much lower than the nearly 30% increase this year.
In a recent interview with Kitco News, Chantele Schieven, Head of Research at Capitalight Research, said that the gold market is in a “wait and see” mode, as investors assess the health of the economy amid uncontrollable inflation.
At the same time, markets are also weighing geopolitical risks and uncertainties as President-elect Donald Trump prepares to take office.
Although gold prices have been sideways since peaking in late October, Schieven said the market has remained stable despite major headwinds.
Meanwhile, Bank of America (BofA) forecasts that gold prices will continue to move sideways in the first half of 2024, although they expect prices to surpass the $3,000 threshold.
“The market is in a state where there is nothing concrete to attract investors back,” Michael Widmer, managing director/head of metals research at BofA, said at the bank’s annual outlook conference.
Gold is facing major challenges, in part because Western investors are facing potentially higher bond yields and a stronger US dollar, according to BofA's outlook report.
Analysts at the World Gold Council (WGC) believe that the gold market in 2025 will be more complicated as investors assess the health of the global economy. However, factors such as central bank demand, high inflation, and geopolitical uncertainty will continue to support gold prices.
See more news related to gold prices HERE...
