Updated SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND89.7-92 million/tael (buy in - sell out), unchanged in both directions.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2.3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 90.1-92.2 million VND/tael (buy - sell), an increase of 100,000 VND/tael for buying and an increase of 200,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold was listed by Bao Tin Minh Chau at 2.1 million VND/tael.
DOJI Group listed the price of SJC gold bars at VND89.7-92 million/tael (buy in - sell out), unchanged in both directions. The difference between the buying and selling prices of SJC gold was listed by DOJI at 2.3 million VND/tael.
9999 round gold ring price
As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI is listed at 91-92 million VND/tael (buy - sell); increased by 500,000 VND/tael for buying and kept unchanged for selling. The difference between buying and selling is listed at 1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 90.7-92.2 million VND/tael (buy - sell); increased by 100,000 VND/tael for both buying and selling. The difference between buying and selling is 1.5 million VND/tael.
World gold price
As of 9:30 p.m. on February 25, the world gold price listed on Kitco was at 2,941.4 USD/ounce, down 8.8 USD/ounce compared to the beginning of the previous session.
Gold price forecast
World gold prices fell despite the decline of the USD. Recorded at 9:30 p.m. on February 25, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.280 points (down 0.22%).
Gold prices fell as short-term investors took profits after a strong rally that pushed prices to a record high yesterday. Silver prices also fell as the precious metal continued to fall against gold's upward momentum.
Gold contracts in April fell $18.5 to $2,944.7 an ounce, while silver prices in March fell $0.253 to $22.35 an ounce.
The Asian and European stock markets mostly traded in red overnight. US stock indexes are also showing a slight downward opening trend as the trading session in New York begins. The fear of increasing risks after US President Donald Trump announced that he would impose tariffs on imports from Mexico and Canada. The US government is urging its allies to tighten control measures over China's chip industry.
Technically, gold futures for April are still in a strong uptrend and have a short-term advantage. Buyers are aiming to push prices above $3,000/ounce. On the contrary, the sellers want to pull the price below the important support level of 2,850 USD/ounce.
Currently, the key resistance levels are $2,974 an ounce and $2,985 an ounce. Meanwhile, the most recent support levels are $2,925/ounce and $2,900/ounce.
In the foreign exchange market, the USD index decreased slightly. Nymex crude oil futures also weakened, trading around $70.50/barrel. The yield on the 10-year US Treasury note is currently at 4.34%.
Notable economic events that may affect gold prices
Wednesday: New home sales in the US.
Thursday: US Q4 preliminary GDP, US long-term goods orders, US weekly jobless claims, US pending home sales.
Friday: US core PCE index, personal income and spending.
Note: The article data compares with the same time of the previous trading session.
See more news related to gold prices HERE...
