Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by DOJI Group at 81-85.5 million VND/tael (buy - sell).
Compared to the previous trading session, the gold price at DOJI decreased by 6 million VND/tael for buying and 3.5 million VND/tael for selling. The difference between the buying and selling price of SJC gold at DOJI Group is at 4.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 81-85.5 million VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC decreased by 6 million VND/tael for buying and 3.5 million VND/tael for selling. The difference between the buying and selling price of SJC gold at DOJI Group is at 4.5 million VND/tael.
Bao Tin Minh Chau listed the price of SJC gold at 81-85.5 million VND/tael (buy - sell). Compared to the closing price of the previous trading session, the gold price at Bao Tin Minh Chau decreased by 6 million VND/tael for buying and 3.5 million VND/tael for selling. The difference between the buying and selling price of SJC gold at DOJI Group is at 4.5 million VND/tael.
Currently, the difference between the buying and selling price of gold 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 5:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 81-83.8 million VND/tael (buy - sell), down 6.3 million VND/tael for buying and down 4.6 million VND/tael for selling compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 81.28-84.08 million VND/tael (buy - sell); down 6.05 million VND/tael for buying and down 4.35 million VND/tael for selling compared to the close of the previous trading session.
World gold price
As of 6:22 p.m., the world gold price listed on Kitco was at 2,665.2 USD/ounce, down 55.7 USD/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices fell as the USD index rose sharply. Recorded at 6:23 p.m. on November 7, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.79 points.
The dollar has been on a tear, while gold has been selling off sharply following the announcement of Donald Trump’s victory, according to Kitco. Not only that, the precious metal is facing a major test of its support as the US Federal Reserve’s interest rate decision on Thursday (local time) adds to the downside risk, according to analyst James Hyerczyk at FX Empire.
“Gold prices fell sharply as traders booked profits amid a stronger dollar and a surge in US Treasury yields following Donald Trump’s expected return to the White House,” said Hyerczyk.
Investors are awaiting the US Federal Reserve's policy move. Markets are now pricing in a 25 basis point rate cut, following a 50 basis point rate cut in September 2024.
Peter Fung, head of trading at Wing Fung Precious Metals, said that market risks have made investors still prioritize gold over other assets. Therefore, gold prices are forecast to continue to rise to a potential level of $3,000/ounce by 2025.
In other precious metals markets, spot silver fell 0.3% to $31.06 an ounce. Platinum fell 0.6% to $981.05 an ounce and palladium fell 1.1% to $1,023.35 an ounce. All three metals fell for a second straight session.
