SJC gold bar price
As of 7:00 PM, SJC gold bar prices were listed by DOJI at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 7:00 PM, DOJI listed the price of gold rings at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 164.5-167.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 164.3-167.3 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 6:55 PM, world gold prices were listed around the threshold of 4, 713.9 USD/ounce, down 17.2 USD compared to the previous day.
Gold price forecast
World gold prices slightly decreased in the last trading session of the week but still headed towards the strongest week of increase since the end of March, as the market expects the US and Iran to reach a peace agreement, thereby easing concerns about inflation and pressure to maintain high interest rates for a long time.
According to analysts, gold is still considered an important safe haven asset in the context of geopolitical instability. However, this precious metal is often under pressure when interest rates are anchored at high levels, as it does not yield yields. Therefore, expectations that Middle East tensions may soon cool down are contributing to improving sentiment in the precious metals market.
In the trading session on May 8, spot gold prices at one point increased to around the threshold of 4,722 USD/ounce before slightly adjusting. Overall for the week, the precious metal still increased by about 2.3% - the strongest increase since the end of March. Gold futures for June delivery fluctuated around the threshold of 4,731 USD/ounce.
Independent analyst Ross Norman believes that the market has partly reflected expectations for an agreement between the US and Iran, although this process has not been completed. According to him, investor sentiment towards the precious metal group is gradually stabilizing after a period of strong fluctuations due to geopolitical conflicts and inflation concerns.
The market is assessing the possibility of the US and Iran reaching a peace agreement. This helps strengthen confidence in the precious metal" - Ross Norman said.
World oil prices are currently heading towards a weekly decrease of about 6%, as investors assess the possibility of cooling tensions in the Middle East. This development helps reduce global inflationary pressure, while weakening US bond yields and the USD - factors that often support gold prices.
However, investors remain cautious in the face of the US monthly jobs report - data that could affect the monetary policy orientation of the US Federal Reserve (FED). According to a Reuters survey, the number of non-farm jobs in the US last month may only increase by about 62,000, much lower than the increase of 178,000 in March.
In terms of physical demand, the Indian gold market continues to trade sluggishly despite being in the wedding season, due to high prices causing people to limit buying. Meanwhile, safe-haven demand in China remains stable. The People's Bank of China has bought gold for the 18th consecutive month, showing that the trend of hoarding precious metals has not cooled down.
Ross Norman believes that the long-term upward trend of gold is still there, although the upward momentum may not be as strong as in early 2026.
Gold price data is compared to the previous day.
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