Updated gold price at the end of the session on November 9: Heavy losses when surfing

SJC gold bar price

At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 146.4-148.4 million VND/tael (buy in - sell out).

Compared to the closing price of the previous trading session (November 2, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC remained unchanged in both directions. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 146.9-148.4 million VND/tael (buy in - sell out).

Compared to a week ago, the price of SJC gold bars was kept unchanged by Bao Tin Minh Chau in both directions. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 1.5 million VND/tael.

If buying SJC gold at Saigon Jewelry Company SJC and Bao Tin Minh Chau in the session of November 2 and selling it in today's session (November 9), buyers will lose 2 million and 1.5 million VND/tael respectively.

9999 gold ring price

Bao Tin Minh Chau listed the price of gold rings at 145.8-148.8 million VND/tael (buy - sell); down 400,000 VND/tael in both directions. The difference between buying and selling is at 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 145.4-148.4 million VND/tael (buy in - sell out), unchanged in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.

If buying gold rings in the session of November 2 and selling in today's session (November 9), buyers at Bao Tin Minh Chau will lose 3.4 million VND/tael. Meanwhile, the loss when buying in Phu Quy was 3.8 million VND/tael.

Buyers suffered heavy losses due to the huge gap between the buying price and the selling price. When the difference remains at about 2 - 3 million VND/tael, just need to make a short buy - sell transaction, investors have lost a significant amount, even if the price does not decrease.

Along with that, the FOMO mentality (fear of missing out) continues to dominate the market. Many people rush to buy gold when prices only increase slightly, hoping that prices will continue to increase, forgetting that the high margin of difference makes the ability to make a profit almost zero in the short term.

Meanwhile, most Wall Street experts remain neutral, showing that the world market is in a state of hesitation and has not yet established a clear uptrend.

Surfing gold in the current period has high potential risks. If domestic gold continues to move sideways or decrease in price, and the buying-selling gap remains large, speculators face the risk of heavy losses.

World gold price

At the end of the trading session of the week, the world gold price was listed at 4,001.2 USD/ounce, almost unchanged compared to a week ago.

Gold price forecast

The latest weekly gold survey by an international financial information platform shows that many experts believe that the long-term upside prospects for this precious metal are still firmly maintained.

This week, 21 Wall Street experts participated in the gold price survey. Of these, 13 people (59%) are neutral on the short-term gold price trend. At the same time, 7 experts (32%) predicted that gold prices would increase next week, while only 2 people (9%) said that prices would decrease.

For small investors, the online survey on social networks recorded 221 votes. Of these, 123 (15.7%) expect gold prices to rise next week. In contrast, 39 people (17.6%) predict prices will decrease, while 59 people (26.7%) believe the market will move sideways in the short term.

Recently, bulls have built a solid floor price zone for the market. However, they still need a new positive basic catalyst to trigger a strong rally - something that has not yet appeared," said Mr. Jim Wyckoff - senior technical analyst at Kitco.com.

I see the current sideways gold around $4,000 an ounce as a typical break in a structural uptrend, said Aaron Hill, chief analyst at FP Markets. Prices have fluctuated in the range of 3,950 - 4,060 USD/ounce over the past week.

This is an adjustment period after a spectacular increase of more than 48% since the beginning of the year, driven by safe-haven demand amid geopolitical tensions and central bank purchases.

The current main question - which direction is the risk leaning towards - in my opinion is still leaning towards an uptrend, with the base scenario towards the target of 4,200 USD/ounce by the end of the year. However, if prices break above $3,950 an ounce, it could signal a short-term decline to $3,900 an ounce or less.