Updated SJC gold price
As of 6:15 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.8-119 1.8 million VND/tael (buy in - sell out), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 117.8-119 million VND/tael (buy in - sell out), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.8-119 1.8 million VND/tael (buy in - sell out), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 116.8-119 1.8 million VND/tael (buy in - sell out), down 700,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 round gold ring price
As of 6:15 p.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 112.5-115 million VND/tael (buy in - sell out), down 1.5 million VND/tael. The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 115.5-118.5 million VND/tael (buy - sell), down 1.1 million VND/tael for buying and down 1.2 million 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 113.5-116.5 million VND/tael (buy in - sell out), down 500,000 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 6:15 p.m., the world gold price listed on Kitco was around 3,313.9 USD/ounce, up sharply by 74.3 USD/ounce.
Gold price forecast
Gold prices increased in the first session of the week as the USD weakened, investors waited for information about US-China trade relations and the US Federal Reserve (FED) policy meeting.
The US dollar is quiet ahead of the Fed meeting, creating conditions for gold to increase, said Tim Waterer, an expert at Ho Chi Minh City Trade.
Gold could hover between $3,200 and $3,350 an ounce ahead of the Fed meeting, but any new trade talks could cause volatility.
The market is paying attention to the Fed's monetary policy decision, with expectations of an 80 basis point interest rate cut from July after the April jobs report exceeded expectations.
Gold, which is not profitable, is seen as a safe haven in times of uncertainty and inflation, and benefits from a low interest rate environment.
US President Donald Trump has announced that he will not replace Fed Chairman Jerome Powell before the end of his term in May 2026, and continues to call on the Fed to cut interest rates.
China, the world's largest gold consumer, will have a Labor holiday from 1 to 5.5 and will return to trading on May 6, creating a liquidity gap in the global gold market.
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