SJC gold bar price
As of 6:50 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.5-111.5 million VND/tael (buy in - sell out); down 200,000 VND/tael. The difference between buying and selling prices is at 2 million VND/tael.
DOJI Group listed at 117.5-111.5 million VND/tael (buy - sell); down 200,000 VND/tael. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at the listed price at 117.5-112.5 million VND/tael (buy in - sell out); down 200,000 VND/tael. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 117-11.5 million VND/tael (buy - sell); unchanged, buying and down 200,000 VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 6:50 p.m., DOJI Group listed the price of gold rings at 114-116 million VND/tael (buy - sell), down 500,000 VND/tael in both directions. The difference between buying and selling is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell), down 100,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 113.2-116.2 million VND/tael (buy in - sell out), down 400,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
World gold price
The world gold price was listed at 6:50 p.m. at 3,311.5 USD/ounce, down 53 USD.
Gold price forecast
Gold fell more than 1% to a two-week low on Tuesday, after US President Donald Trump announced a ceasefire between Israel and Iran, reducing the precious metal's safe-haven appeal.
Spot gold prices fell 1.4% to $3,322.09/ounce at 11:42 GMT, after hitting a low since June 11 in the previous trading session.
Ricardo Evangelista - senior analyst at brokerage ActivTrades commented: "Gold prices are trending down today, due to increased risk acceptance, as optimism about the possibility of ending the conflict in the Middle East spreads. I don't believe gold will fall below $3,000/ounce in the short term. I think $3,300/ounce is the important support zone."
Global stock markets surged and oil prices plummeted on Tuesday, after the announcement of a ceasefire, in the hope that this would be a sign of an end to the war.
However, Israeli Defense Minister Israel Katz said on Tuesday he ordered the military to attack Tehran in response to alleged violations of the ceasefire.
Meanwhile, the market is awaiting the hearing of Federal Reserve Chairman Jerome Powell before the House Financial Services Committee today. So far, Mr. Powell has remained cautious, not giving a clear signal about the possibility of a short-term interest rate cut.
Non-yielding precious metals such as gold are often more attractive in low-interest-rate environments.
Investors are now expecting the Fed to cut interest rates by about 57 basis points by the end of the year.
Gold prices are likely to move sideways before rallying again, heading towards $3,600/ounce by the end of the year. In the long term, we expect gold prices to peak by the end of 2025, then gradually decrease in 2026 as economic growth prospects improve and global trade uncertainties ease," ANZ said in a report.
In other precious metals, spot silver prices fell slightly by 0.1% to $36.1/ounce, platinum increased by 1% to $1,307.93, and gold prices fell 0.4% to $1,072.24.
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