SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 162.2-165.2 million VND/tael (buying - selling), down 2.3 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 162.2-165.2 million VND/tael (buying - selling), down 2.3 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.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 162.2-165.2 million VND/tael (buying - selling), down 2.3 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.
9999 gold ring price
As of 6:00 AM, DOJI listed the price of gold rings at the threshold of 162.2-165.2 million VND/tael (buying - selling), down 2.3 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 162.2-165.2 million VND/tael (buying - selling), down 2.3 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.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 162-165 million VND/tael, down 2.3 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.
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 1:03 am, world gold prices were listed around the threshold of 4,722.7 USD/ounce, up 9 USD compared to the previous day.
Gold price forecast
Gold prices are still supported by safe-haven cash flow, but pressure from inflation and tight monetary policy continues to cause the market to fluctuate sharply in the short term.
According to the latest report from the World Gold Council (WGC), global gold ETFs recorded cash flow back in April. A total of 45 tons of gold, equivalent to 6.575 billion USD, were poured into ETFs, reversing the net withdrawal of 84.3 tons in the previous month.
The WGC said that global gold holdings are currently increasing to 4,137 tons - the third highest level in history, just lower than the record of 4,176 tons recorded in February.
Notably, cash flow in Europe increased sharply as investors worried about geopolitical tensions and the risk of inflation escalating from the Iranian conflict. Separately, ETF funds listed in Europe attracted nearly 27 tons of gold in April, worth about 3.7 billion USD.
WGC experts believe that concerns about prolonged energy price increases and a higher risk of inflation are driving investors' defensive demand for gold.
Meanwhile, Heraeus analysts believe that the cooling of tensions between Iran and the US last week contributed to supporting global gold and stock prices. Brent oil prices fell more than 6%, while gold increased by 2.7% and silver increased by more than 5%.
However, Heraeus noted that the market still faces many major fluctuations. One of them is the situation of gold imports in India - the world's second largest gold consumer. Import activities are stalled due to problems related to tax policies and administrative procedures.
In addition, a recent statement by Indian Prime Minister Narendra Modi calling on people to limit gold purchases for a year to protect foreign exchange reserves also raised concerns that the country may sharply increase gold import taxes in the near future.
Mr. Surendra Mehta - Secretary General of the Indian Gold, Silver and Jewelry Association - warned that the government may raise gold import taxes higher than previously applied levels to limit imports.
However, analysts still assess that the long-term trend of gold has not been broken. WGC believes that investment demand in Asia continues to be an important support for the market as gold ETF funds in the region have recorded the 8th consecutive month of capital attraction, especially in China.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
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