Gold price update at the closing session on February 23: Gold rings increased by up to 5.9 million VND/tael

Khương Duy |

Gold price update at the closing session on February 23: Simultaneously increasing. Domestic gold increased from 3.6 to 5.9 million VND/tael.

SJC gold bar price

As of 7:30 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 181.6-184.6 million VND/tael (buying - selling), an increase of 5.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 181.6-184.6 million VND/tael (buying - selling), an increase of 3.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 181.6-184.6 million VND/tael (buying - selling), an increase of 3.6 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 7:30 PM, DOJI Group listed the price of gold rings at 181.5-184.5 million VND/tael (buying - selling), an increase of 5.9 million VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at 181.6-184.6 million VND/tael (buying - selling), an increase of 3.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 181.5-184.5 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 7:30 PM, world gold prices were listed around the threshold of 5,144 USD/ounce; up 38.1 USD compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

After surpassing the 5,100 USD/ounce mark, world gold prices are entering a sensitive phase when buying pressure and profit-taking pressure are constantly intertwined. This development is forecast to cause the market to continue to fluctuate strongly in the short term, especially around historical high price zones.

The precious metal breaking out of the prolonged accumulation zone is considered an important technical signal, strengthening expectations of an upward trend. However, according to analysts, the ability to maintain stability above the 5,100 USD/ounce threshold is the decisive factor in the sustainability of the upward momentum.

David Morrison - senior market analyst at Trade Nation - said that gold surpassing strong resistance shows that buying power has improved significantly. However, he warned that the market may experience short corrections as investors take advantage of profit-taking. "Momentum indicators are changing positively, but gold needs to stay above the just-conquered level to confirm a new upward trend," Morrison said.

Besides technical factors, the gold market this week is heavily influenced by a series of US economic data, including the Consumer Confidence Index, the number of jobless claims and the Producer Price Index (PPI). These reports may strongly impact interest rate expectations of the US Federal Reserve (Fed), thereby dominating gold price movements.

In the context that inflation is still an unpredictable variable, any signal indicating increased price pressure could boost demand for gold holdings as a defensive channel. Conversely, if positive economic data strengthens the ability to maintain tight monetary policy, the precious metal may face adjustment pressure.

The return of the Chinese market to trading after the Tet holiday is also expected to contribute to supporting physical gold demand. This is a factor that often creates psychological support in periods of strong price fluctuations.

Major financial institutions continue to maintain a positive outlook on gold in the medium term, with many scenarios towards the 5,800 - 6,200 USD/ounce range in 2026. However, experts note that high prices are always accompanied by large fluctuations.

In the short term, gold is forecast to fluctuate strongly around the 5,100 USD/ounce zone, as the market balances between safe-haven cash flow and profit-taking pressure. The next trend will depend on investors' reactions to new economic data and geopolitical risks.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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