Gold price update at the close of the session on April 28: Gold rings and gold bars simultaneously decrease

SJC gold bar price

As of 5:20 PM, SJC gold bar prices were listed by DOJI at the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. 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 the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

9999 gold ring price

As of 5:20 PM, DOJI listed gold ring prices at the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.3 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.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.3 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 Gold and Gems Group listed the price of gold rings at 164-167 million VND/tael (buying - selling), down 1.8 million VND/tael in both buying and selling directions. The difference between buying and selling prices 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.

World gold price

At 5:30 PM, world gold prices were listed around the threshold of 4,700.9 USD/ounce, down 7.9 USD compared to the previous day.

Gold price forecast

World gold prices fell as technical selling pressure increased. Some short-term investors took profits amid weakening technical trends of the precious metal. In addition, the market continued to monitor US-Iran tensions, as well as a series of monetary policy meetings of major central banks.

According to analysts, gold prices are currently affected in opposite directions. On the one hand, geopolitical tensions and risks in the Strait of Hormuz are still factors supporting the safe-haven role of gold. On the other hand, rising energy prices may make inflation more persistent, forcing central banks to maintain a cautious stance on interest rates.

Mr. Lorenzo Portelli - Multi-asset Strategy Director at Amundi Investment Institute - believes that the energy shock caused by the conflict in Iran may only have a short-term impact on inflation. This expert still maintains a positive outlook on gold in the next 12 months and believes that the price is likely to move towards the 5,500 USD/ounce zone.

Meanwhile, analysts at Heraeus believe that extending the ceasefire may cause the market to assess economic risks insufficiently. If prices in the US rise rapidly, the US Federal Reserve may face stronger pressure on monetary policy. However, in the long term, a slow growth environment accompanied by rising prices may create a foundation for the upward trend of gold to continue.

Technically, gold is still fluctuating in a wide fluctuation zone. The near resistance level is noticed around 4,750-4,800 USD/ounce, while the support zone is around 4,672 USD/ounce and deeper is 4,626 USD/ounce. Investors are recommended to be cautious due to large short-term fluctuations.