Update SJC gold price
As of 6:00 p.m., the price of SJC gold bars listed by DOJI Group was at 83-85.5 million VND/tael (buy - sell), unchanged.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 83-85.5 million VND/tael (buy - sell), unchanged.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 83-85.5 million VND/tael (buy - sell), unchanged.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.5 million VND/tael.
The difference between the buying and selling price of gold is listed at around 2.5 million VND/tael. This price difference is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially in the short term.
Price of round gold ring 9999
As of 6:15 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.3-84.3 million VND/tael (buy - sell); both buying and selling prices have not changed compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 83.28-84.38 million VND/tael (buy - sell); keeping both buying and selling prices unchanged.
World gold price
As of 7:30 p.m., the world gold price listed on Kitco was at 2,648.4 USD/ounce, up 5.2 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices remained almost unchanged as the USD index increased. Recorded at 6:00 p.m. on December 5, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 106.180 points (down 0.1%).
Gold prices are being affected by many factors. The precious metal is receiving solid support from strong buying. Central banks bought a net 60 tonnes of gold in October, with the Reserve Bank of India (RBI) leading the purchases.
India added 27 tonnes of gold in October, bringing its year-to-date total to 77 tonnes. India's net purchases are five times higher than its 2023 activity," wrote Marissa Salim, Head of APAC Research at the World Gold Council.
Several other central banks also reported net increases of 1 tonne or more in their gold reserves in October.
On the other hand, gold is becoming less attractive as tensions in Ukraine tend to cool down soon, although Russia has declared that there is no basis for negotiations. Observers are betting on the possibility that US President-elect Donald Trump can soon intervene to end tensions in Ukraine that have lasted for more than 1,000 days.
Gold is currently well supported at around $2,600 an ounce, said Ajay Kedia, director of Kedia Commodities in Mumbai. He expressed optimism on gold due to geopolitical uncertainty, a trend of reducing dependence on the US dollar and central bank buying, and predicted that gold will test $3,000 an ounce by March 2025.
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