SJC gold bar price
As of 6:00 AM on March 12, SJC gold bar prices were listed by DOJI Group at the threshold of 184.2-187.2 million VND/tael (buying - selling), an increase of 1.1 million VND/tael 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 was listed by Bao Tin Minh Chau at the threshold of 184.4-187.2 million VND/tael (buying - selling), an increase of 1.3 million VND/tael on the buying side and an increase of 1.1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.8 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 184.4-187.2 million VND/tael (buying - selling), an increase of 1.3 million VND/tael on the buying side and an increase of 1.1 million VND/tael on the selling side. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 gold ring price
As of 6:00 AM on March 12, DOJI Group listed the price of gold rings at the threshold of 184.2-187.2 million VND/tael (buying - selling), an increase of 1.1 million VND/tael 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 183.5-186.5 million VND/tael (buying - selling), an increase of 200,000 VND/tael 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 184-187 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 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 11:10 PM on March 11, world gold prices were listed around the threshold of 5,163.6 USD/ounce. Compared to the previous day, world gold prices decreased by 70.3 USD.
Gold price forecast
Gold and silver prices fell due to profit-taking pressure from short-term futures traders. In addition, the rising USD index also became an unfavorable factor for the precious metals market.
Gold for April delivery fell 57.2 USD, to 5,183.4 USD/ounce. Meanwhile, silver for May delivery fell 4,172 USD, to 85.445 USD/ounce.
During the day, the precious metals market received the US consumer price index (CPI) report. The data generally met market expectations and did not have a significant impact on the price of precious metals.
The CPI in February increased by 0.3% compared to the previous month and increased by 2.4% compared to the same period last year. The core CPI index (excluding food and energy) increased by 0.2% monthly and increased by 2.5% annually.
Technically, the next price increase target for buyers on the April gold futures market is to close above the strong resistance level at the peak of the previous week of 5,434.1 USD/ounce. Conversely, the nearest price decrease target for sellers is to pull gold prices below the important technical support zone of 5,000 USD/ounce.
The nearest resistance level is determined at the peak of this week at 5,248.70 USD/ounce, followed by 5,300 USD/ounce. In the opposite direction, the first support is at the bottom of Tuesday's session at 5,127.10 USD/ounce, followed by 5,100 USD/ounce.
In outside markets, the USD index is rising. Meanwhile, Nymex crude oil prices are also rising, trading around 86.50 USD/barrel. The yield on 10-year US Treasury bonds is currently around 4.2%.
Gold price data is compared to the previous day.
The world gold and silver market operates based on two main pricing mechanisms. The first is the spot market, which quotes for immediate buying and selling and delivery. The second is the futures market, which determines the price for delivery at a time in the future.
Due to the year-end position adjustment and market liquidity factors, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
