SJC gold bar price
As of 6:00 a.m. on November 19, the price of SJC gold bars listed by DOJI Group was at 81-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 3 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 81-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 81.2-84 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 900,000 VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2.8 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 3.2-3.5 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
As of 6:00 a.m. on November 19, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.4-83.7 million VND/tael (buy - sell), an increase of 1.4 million VND/tael for buying and 1 million VND/tael for selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 82.03-83.48 million VND/tael (buy - sell); increased by 1 million VND/tael for buying and increased by 800,000 VND/tael for selling.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Domestic investors can refer to the world gold price before investing or taking profits.
World gold price
As of 9:50 p.m. on November 18 (Vietnam time), the world gold price listed on Kitco recovered to 2,606.6 USD/ounce, up 43.4 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased as the USD index decreased. Recorded at 9:55 p.m. on November 18, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 106.465 points (down 0.15%).
According to Mr. Jim Wyckoff - senior analyst of Kitco, gold prices increased as investors stepped up their gold hunting activities after recent selling pressure.
Experts say gold prices are rising partly due to the risk of escalating tensions between Russia and Ukraine.
Bloomberg reported that Goldman Sachs has included gold in its list of top trading commodities for next year, with a price target of $3,000 an ounce by December 2025. Goldman pointed to the uncertainty surrounding the new Donald Trump administration and its impact policies.
CBS News columnist Matt Richardson said the recent drop in gold prices may cause investors to re-evaluate their strategies. However, he noted that while a drop is inevitable, gold tends to move in a steady upward direction. By understanding this historical dynamic, investors can act now rather than wait for prices to fall further.
“After all, falling gold prices are normal and usually temporary. And those changes are unlikely to diminish the metal’s ability to serve as a safe haven asset.
However, gold prices are not going to fall back to levels seen earlier this year or even in 2023, so investors waiting for that to happen should take note, especially now before gold has a chance to rally again as inflation picks up again.
Just remember to stick to the traditional gold investment limit of 10% of the total portfolio," the expert noted.
See more news related to gold prices HERE...
