SJC gold bar price
As of 6:00 AM on March 1st, SJC gold bar prices were listed by DOJI Group at 184-187 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 184-187 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 184-187 million VND/tael (buying - selling), an increase of 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 on January 1st, DOJI Group listed the price of gold rings at 183.8-186.8 million VND/tael (buying - selling), an increase of 2.9 million VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 184-187 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 183.8-186.8 million VND/tael (buying - selling), an increase of 3.3 million VND/tael in both directions. The buying - selling difference 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 10:51 PM on February 28, world gold prices were listed around the threshold of 5,278.2 USD/ounce, up 41.2 USD.
Gold price forecast
World gold prices closed the trading week in a strong upward trend, as safe-haven money continued to flow into the precious metal amid escalating US-Iran tensions. US and Israeli airstrikes targeting Iran on February 28, along with retaliatory moves from Tehran, have raised concerns about widespread conflict in the Middle East.
Many European leaders such as European Council President António Costa, European Commission President Ursula von der Leyen or French President Emmanuel Macron simultaneously warned of the risk of escalation, seriously affecting global peace and security. Financial markets therefore reacted quickly, pushing gold prices above the 5,200 USD/ounce mark before entering the end of the week.
Kitco News' weekly gold survey shows that optimistic sentiment has clearly returned to Wall Street. Among 18 experts participating in the survey, 67% predict that gold prices may exceed 5,300 USD/ounce next week. Only 11% predict prices will decrease, the rest believe that the market needs more accumulation time.
In the group of individual investors, 76% of online survey participants expect gold prices to continue to rise. This is the fourth consecutive week that optimistic sentiment has prevailed, showing that "defensive" demand is still maintained at a high level as geopolitical risks show no signs of cooling down.
Bank of America believes that although gold prices are fluctuating around the 5,200 USD/ounce range, this precious metal may still aim for the 6,000 USD mark in the medium term if global instability persists. Meanwhile, MKS PAMP Group believes that the upward price market is currently only in the middle of the cycle, and does not even rule out the possibility that gold will rise to 6,750 USD when political factors in the US enter their peak.
However, analysts also note that after a nearly 19% increase since the bottom of 4,400 USD/ounce, gold may experience technical corrections. Next week, important data such as PMI, the ADP jobs report and the US non-farm payroll will affect Fed policy expectations.
In the short term, US-Iran tensions continue to be a key factor dominating the trend. As geopolitical risks increase, gold is still considered a safe "harbor" for global cash flow.
Gold price data is compared to the previous day.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
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