Updated SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 118.5-120.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 118.5-120.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 118.5-120.5 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 117.5-120.5 million VND/tael (buy in - sell out), down 300,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 round gold ring price
As of 6:00 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 112.5-125.5 million VND/tael (buy - sell), down 500,000 VND/tael for buying and kept the same for selling. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell), down 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 112.5-125.5 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 6:10 a.m., the world gold price listed on Kitco was around 3,356.9 USD/ounce, up 9.9 USD/ounce.
Gold price forecast
Gold prices have just ended their most active trading week since the beginning of April, when the USD depreciated, making this precious metal more attractive to global investors. The greenback fell 0.9%, recording its biggest week of decline since April 7.
According to Kitco, gold prices are receiving great support from Chinese investors. Demand from the continent is pushing the precious metal closer to its historical peak last month.
China imported gold last month at its highest level in nearly a year, despite gold prices reaching a record $3,500/ounce.
Total imported gold volumes reached 127.5 tons, the highest level in 11 months, up 73% compared to March, although gold prices were at a very high level at that time.
The import increase is partly due to the People's Bank of China (PBoC) granting additional import quotas to a number of commercial banks in April, in order to meet strong demand from institutional and individual investors in the context of peak US - China trade tensions.
Increased demand for shelter also supported gold's increase, in the context of US President Donald Trump continuing to threaten to impose strong tariffs. Responding to the announcement of a 50% tax on EU goods from June 1, the global stock market has been rocked. Mr. Trump also said that Apple will pay a 25% tax on iPhones sold in the US if not manufactured domestically.
Analysts say that geopolitical factors and current policy risks are increasing the attractiveness of gold as a safe-haven asset.
Strategist Daniel Pavilonis of RJO Futures commented: if the gold price exceeds the 3,500 USD/ounce mark, it could continue to increase to 3,800 USD/ounce.
Meanwhile, UBS expert Giovanni Staunovo said that concerns surrounding Donald Trump's new tax bill are supporting the upward trend of gold prices.
See more news related to gold prices HERE...
