Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by DOJI Group at 87.5-89.5 million VND/tael (buy - sell).
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 87.5-89.5 million VND/tael (buy - sell).
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Last week, the price of SJC gold increased, but investors still suffered losses. If they bought gold at DOJI Group on October 27 and sold it today (November 3), investors would lose VND1.5 million/tael. Similarly, those who bought gold at Saigon Jewelry Company SJC would also lose VND1.5 million/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
Price of round gold ring 9999
As of 5:10 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 88-89 million VND/tael (buy - sell), unchanged in both directions compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 87.98-88.98 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to the close of the previous trading session.
After a slight increase in the week, if buying gold rings in the session of October 27 and selling in today's session (November 3), the loss that investors will have to accept when buying at DOJI and Saigon Jewelry Company is VND900,000/tael and VND1 million/tael, respectively.
World gold price
As of 5:10 p.m., the world gold price listed on Kitco was at 2,736.4 USD/ounce, a slight increase of nearly 1 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices remained unchanged as the USD index increased. Recorded at 5:10 p.m. on November 3, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104,200 points (up 0.32%).
The latest Kitco News weekly gold survey shows bearish sentiment from both industry professionals and retail traders, with recent pullbacks and election uncertainty clearly weighing on the metals market.
Seventeen analysts participated in the Kitco News gold survey this week. Nine analysts see gold prices rising next week, while six see prices falling. Two analysts see gold trading sideways, saying they are waiting to see what the U.S. election and the Federal Reserve's next move will bring.
There were 139 investor votes cast in Kitco’s online poll. The majority of investors see gold prices trending higher next week, although many votes were cast before the October 31 sell-off.
85 traders expect gold prices to rise next week. Another 31 expect the precious metal to fall. The remaining 23 investors see gold prices moving sideways next week.
