SJC gold bar price
As of 6:00 a.m. on October 25, the price of SJC gold bars listed by DOJI Group was at 87-89 million VND/tael (buy - sell).
Compared to the close of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 87-89 VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 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 October 25, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 88-89 million VND/tael (buy - sell); unchanged in both directions compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 87.98-88.98 million VND/tael (buy - sell); increased by 500,000 VND/tael for buying and kept the same for selling compared to the beginning of the previous trading session.
This is the highest price ever for gold rings. In recent sessions, gold ring prices have often fluctuated in the same direction as the world market. In the context of the world gold price plummeting, domestic plain gold rings are facing the risk of falling.
World gold price
As of 10:40 p.m. on October 24, the world gold price listed on Kitco was at 2,729.8 USD/ounce, up more than 14 USD/ounce compared to early this morning.
Gold Price Forecast
World gold prices increased amid a decrease in the USD index. Recorded at 22:40 on October 24, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 104.097 points (down 0.17%).
Gold prices are receiving support after Russian President Vladimir Putin introduced a new international payments framework aimed at reducing dependence on the US dollar at the BRICS Summit in Kazan, Russia, according to Kitco.
The system, called the “BRICS Bridge,” would use blockchain, tokens and digital currencies as an alternative to the SWIFT system. The initiative reflects broader concerns among non-Western nations about the risk of being cut off from US-dominated global financial systems.
In another development, the US has warned that cooperation with the above financial system could lead to losing access to the US dollar. Meanwhile, Chinese President Xi Jinping said that Beijing supports more Southern Hemisphere countries joining the BRICS group.
Given the above developments, many experts believe that "de-dollarization" is a long-term bullish factor for the gold market.
In addition, safe-haven demand remains the main fundamental support for the precious metal and is maintaining a solid floor. Kitco senior analyst Jim Wyckoff commented that gold prices benefited from factors outside the daily bull market including a weaker USD index, rising crude oil prices and falling US Treasury yields.
Key overseas markets today saw the benchmark 10-year US Treasury yield now at 4.20%. Crude oil prices were more stable, trading around $71.50 a barrel.
Technically, December gold bulls have the strong overall near-term technical advantage. The bulls’ next upside price objective is a close above $2,800/oz. The bears’ next near-term downside price objective is a push below $2,650/oz.
See more news related to gold prices HERE...
