Updated SJC gold price
As of 7:30 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND115.5-118 million/tael (buy in - sell out), down VND700,000/tael for both buying and selling. The difference between buying and selling prices is at 2.5 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 115.5-118 million VND/tael (buy - sell), down 700,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 2.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 115.5-118 million VND/tael (buy - sell), down 700,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 2.5 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at VND 114.5-118 million/tael (buy - sell), down VND 1.2 million/tael for buying and down VND 700,000/tael for selling. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 round gold ring price
As of 7:40 p.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 111-113.3 million VND/tael (buy - sell), down 500,000 VND/tael for buying and down 700,000 VND/tael for selling. The difference between buying and selling prices is at 2.3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 113.3-116.3 million VND/tael (buy - sell), down 500,000 VND/tael for selling. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 110.8-113.8 million VND/tael (buy - sell), down 700,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 7:41 p.m., the world gold price listed on Kitco was around 3,311.2 USD/ounce, down 6.6 USD.
Gold price forecast
According to Kitco, gold prices have fallen from recent peaks, under the impact of geopolitical factors that have contributed to the previous increase.
The recent fluctuations in gold mainly stem from changes in trade relations between economic powers. Last week, US President Donald Trump said that negotiations between the US and the European Union are not going anywhere, causing investors to rush to seek shelter, pushing gold prices to their highest closing price since May 7.
This optimistic view further strengthens gold's traditional role as a safe haven in the context of geopolitical instability.
However, market sentiment has changed significantly after the breakthroughs over the weekend. European Commission President Ursula von der Leyen stepped up successful trade talks with the US on Sunday, marking a significant step forward after months of stagnation. Along with that, positive progress in US-China negotiations has also contributed to reducing demand for defensive assets.
According to Reuters, gold prices were under pressure after a US federal court blocked "back and forth" tariffs issued by President Donald Trump, weakening the safe-haven appeal of this precious metal. The stronger USD also puts more downward pressure on gold.
A US commercial court on Wednesday issued a ruling suspending Trump's implementation of tariffs, saying the president had violated his authority to impose a generally accepted tax rate on imports from countries with trade surpluses with the US.
"The US court's ruling is the main factor driving the US dollar up, thereby pushing gold prices down," said Mr. Nicholas Frappell, global director of organizational markets at ABC Refinery.
Notably, after falling sharply, gold prices this afternoon have received support from the buying wave when prices hit a low area.
Notable economic data this week
Thursday:Weekly jobless claims, preliminary Q1/2025 GDP, US pending home sales.
Friday: US PCE core inflation index.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
