Gold price update closing session 24. 2: Gold rings increase above gold bar prices

Khương Duy |

Gold price update closing session 24. 2: World gold fluctuates. Domestically, SJC gold bars are stagnant, gold rings continue to increase.

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), unchanged 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 is listed by Bao Tin Minh Chau at the threshold of 181.6-184.6 million VND/tael (buying - selling), unchanged 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), unchanged 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 181.6-184.6 million VND/tael (buying - selling), an increase of 100,000 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 181.8-184.8 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 181.6-184.6 million VND/tael (buying - selling), an increase of 100,000 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 8:00 PM, world gold prices were listed around the threshold of 5-157.5 USD/ounce; an increase of 13.5 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

On the international market, gold prices fluctuated when profit-taking activities appeared after the previous strong increase. April gold futures contracts retreated to around 5, 181 USD/ounce, down more than 45 USD. Conversely, silver continued to maintain its upward momentum thanks to safe-haven demand, showing that defensive sentiment is still present in the precious metals market.

Macroeconomic factors are creating a state of stalemate for gold prices. The USD index increased slightly, while crude oil prices almost went sideways around the 66.5 USD/barrel range. The yield of 10-year US Treasury bonds remained above the 4% mark, reducing the attractiveness of gold - a non-genuine asset. This development has caused cash flow to tend to move flexibly between investment channels.

Some information related to trade and global supply chains also attracted the attention of investors. The volume of goods shipped into the US is forecast to increase in the context of businesses adjusting import plans.

However, experts believe that the impact on gold prices is mainly short-term psychological, not enough to form a clear trend.

Notably, JPMorgan's leader - Mr. Jamie Dimon warned that the financial market is showing signs of risky competition, which is similar to the period before major fluctuations in the past.

According to him, the credit cycle may face challenges if financial institutions relax lending standards excessively. This assessment partly reinforces the risk hedging role of gold in the medium and long term.

Meanwhile, the People's Bank of China continued to maintain basic lending interest rates for the 9th consecutive month. The decision to stabilize monetary policy shows that regulators prioritize balancing between supporting growth and controlling financial risks. This is a factor contributing to maintaining the relative stability of the commodity market.

Technically, the buying side of April gold futures still holds an advantage in the short term. The next price increase target is to conquer the resistance zone of 5,400 USD/ounce. In the opposite direction, the important support level is at 4,854 USD/ounce.

Close resistance levels are defined around 5,269 USD and 5,300 USD, while close support is in the 5,120 - 5,100 USD area. Wyckoff's market rating index reached 7.0 points, reflecting that the upward trend still prevails but adjustment fluctuations may continue.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

Khương Duy
RELATED NEWS

Gold prices rise sharply due to short-term safe-haven sentiment

|

Gold prices rose sharply as geopolitical tensions escalated. However, experts believe that the upward momentum may only reflect short-term safe-haven psychological factors.

Gold prices rise sharply, Russia earns up to 1.68 billion USD from gold sales

|

The Central Bank of Russia sold a significant amount of gold from its reserves in January, when gold prices jumped to a record high, exceeding 5,500 USD/ounce.

Gold price today 24. 2: Gold rings rebound, the world reverses direction

|

Gold price today 24. 2: The world gold market reversed to decrease. Domestically, gold rings are still slightly adjusted upwards.

Proposal for Hanoi to decide on the organizational structure, job position, and income regime

|

Hanoi is proposed to be proactive in deciding on the organization of the government apparatus; job positions, public service regimes, income regimes, and bonuses.

Scene of the fire at a wood furniture business facility in Ho Chi Minh City

|

Ho Chi Minh City - A fire broke out from a level 4 house used as a wood furniture business location on Do Xuan Hop street, Phuoc Long ward, Ho Chi Minh City.

Police investigate tourist suspected of dropping diamond ring at resort in Dak Lak

|

Dak Lak - The police agency is investigating and resolving the case of a tourist asking for help when he unfortunately dropped a diamond ring.

Large tree falls and hits person in Hanoi flower garden

|

Hanoi - A tree in Ly Tu Trong flower garden (Tay Ho ward) suddenly broke and fell, hitting people.

Thu Trang speaks out about information of discord with the "Mui Pho" film crew

|

Recently, there has been information that Thu Trang did not participate in promoting the movie "Mui pho", even disagreed with the cast in the movie.

Gold prices rise sharply due to short-term safe-haven sentiment

Khương Duy |

Gold prices rose sharply as geopolitical tensions escalated. However, experts believe that the upward momentum may only reflect short-term safe-haven psychological factors.

Gold prices rise sharply, Russia earns up to 1.68 billion USD from gold sales

Khương Duy |

The Central Bank of Russia sold a significant amount of gold from its reserves in January, when gold prices jumped to a record high, exceeding 5,500 USD/ounce.

Gold price today 24. 2: Gold rings rebound, the world reverses direction

Khương Duy |

Gold price today 24. 2: The world gold market reversed to decrease. Domestically, gold rings are still slightly adjusted upwards.