Update SJC gold price
Closing the weekly trading session, DOJI Group listed SJC gold price at 79 - 81 million VND/tael (buy - sell).
Compared to last week's closing session, gold price at DOJI increased by 1 million VND/tael in both buying and selling directions.
The difference in buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 79-81 VND/tael (buy - sell).
Compared to last week's closing session, the gold price at Saigon SJC VBQ Company increased by 1 million VND/tael in both buying and selling directions.
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company is at the threshold of 2 million VND/tael.
Last week, SJC gold price increased, but the difference between buying and selling gold was high, investors still lost.
If you buy gold at DOJI Group on August 18 for 80 million VND/tael and sell it today (August 25), the investor will lose 1 million VND/tael. Similarly, gold buyers at Saigon SJC VBQ Company also lost 1 million VND/tael.
Currently, the price difference between buying and selling gold is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of loss when making short-term investments.
Round gold ring price 9999
As of 6pm today, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 77.20-78.40 million VND/tael (buy - sell).
Saigon Jewelry Company lists gold ring prices at 77.1-78.4 million VND/tael (buy - sell).
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 5:30 p.m., the world gold price listed on Kitco was at 2,512 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD index falling. Recorded at 5:45 p.m. on August 25, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 100.61 points (down 0.78%).
Kitco News' latest weekly gold survey shows the majority of industry experts and retail investors believe gold prices will move higher, reaching an all-time high next week.
12 analysts participated in Kitco News' gold survey, with the majority predicting higher gold prices. 7 experts expect gold prices to increase next week. Meanwhile, two analysts forecast that gold prices will decrease. The remaining 3 experts predict that the price of this precious metal will decrease horizontally.
There were 225 votes cast in Kitco's online poll. 146 traders expect gold prices to rise next week. Another 41 expect the yellow metal to trade lower, while 38 respondents see prices consolidating in the coming week.
Next week, market participants will focus on inflation data, with the US July PCE price index report due Friday. Markets will also get US durable goods orders for July on Monday and August consumer confidence on Tuesday, with weekly jobless claims and preliminary second-quarter GDP coming in. US announced on Thursday morning.
Traders will also pay attention to comments from the Fed's Christopher Waller early Wednesday morning and Raphael Bostic on Thursday afternoon.
