Updated SJC gold price
As of 6:15 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND97.4-98.9 million/tael (buy - sell), an increase of VND700,000/tael for buying and VND500,000/tael for selling. The difference between buying and selling prices is at 1.5 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 97.4-98.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 97.5-98.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.4 million VND/tael.
9999 round gold ring price
As of 6:15 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 97.2-99.5 million VND/tael (buy in - sell out); increased by 500,000 VND/tael for both buying and selling. The difference between buying and selling is listed at 2.3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 97.6-99.7 million VND/tael (buy - sell); increased by 800,000 VND/tael for buying and increased by 600,000 VND/tael for selling. The difference between buying and selling is 2.1 million VND/tael.
World gold price
As of 6:30 p.m., the world gold price was listed at 3,048.4 USD/ounce, up 20 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD decreasing. Recorded at 6:33 p.m. on March 27, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 104.007 points (down 0.19%).
According to Reuters, gold prices increased on Thursday due to global trade tensions escalating ahead of the February 2 deadline for the US to impose counterpart tariffs. Investors are concerned that Donald Trump's countervailing tariffs, due to come into effect on April 2, could increase inflation, slow economic growth and worsen trade tensions.
Aakash doshi - Global Director of gold at SPDR ETF Strategy predicts that gold prices will surpass 3,100 USD/ounce in the second quarter and may increase by 8% - 10% by the end of 2025 if macro support factors and market demand continue to persist.
On Wednesday, Goldman Sachs raised its forecast for gold prices in late 2025 to $3,300/ounce from $3,100/ounce previously, citing stronger-than-expected ETF inflows and stable demand from central banks.
Investors are waiting for US personal consumption expenditure data, expected to be released on Friday, for further clues on the US interest rate path.
Ilya Spivak - Director of Global Macro at Tastylive - commented: "The March high of nearly 3,057 USD was the immediate resistance level of gold. $3,100 will be the next target.
Last week, the US Federal Reserve (FED) kept the basic interest rate unchanged but signaled that it could cut interest rates by the end of the year. Gold - non-interest-bearing assets often benefit from a low interest rate environment.
Fed Fed Minneapolis President Neel Kashkari said that although the Fed has made a lot of progress in reducing inflation, we still have a lot of work to do to bring inflation to the 2% target.
According to Kitco, since the beginning of the year, gold prices have broken out, surpassing Bitcoin and becoming the priority choice of many investors. In the world, although cryptocurrencies have struggled in the first three months of the year, they are still an important asset for investors. A surprising turning point, gold has outperformed Bitcoin since the beginning of the year.
In an interview with Kitco News, Jigna Gibb - Head of Commodity & Crypto Index Products at Bloomberg Index Services said that as inflation continues to weaken the purchasing power of global currencies, both gold and Bitcoin have become important alternative assets and portfolio allocation tools.
In the latest commodity report, Bank of America analysts said they expect gold prices to average around $3,063/ounce this year and $3,350/ounce by 2026. This level is much higher than previous forecasts, respectively, at 2,750 USD/ounce and 2,625 USD/ounce.
Analysts also said they see gold prices reaching $3,500 within the next two years.
Economic data to watch this week
Thursday: homes waiting for transactions (number of unclosed home purchase contracts), US Q4 GDP.
Friday: US core PCE Index, US personal income and expenses.
See more news related to gold prices HERE...
