Gold price update morning of February 27: May fall sharply after the God of Wealth spirit

Khương Duy |

Gold price update morning of February 27: World gold sharply decreased last night. Domestic gold is likely to adjust according to the world market.

SJC gold bar price

As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 182.3-185.3 million VND/tael (buying - selling), an increase of 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 182.3-185.3 million VND/tael (buying - selling), an increase of 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 182.3-185.3 million VND/tael (buying - selling), an increase of 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 6:00 AM, DOJI Group listed the price of gold rings at the threshold c, an increase of 600,000 VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at 181.5-184.5 million VND/tael (buying - selling), down 300,000 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 the price of gold rings at 181.8-184.8 million VND/tael (buying - selling), an increase of 200,000 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.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 1:42 AM, world gold prices were listed around 5,147.2 USD/ounce, down 64 USD.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

Gold and silver prices fell, in which silver continued to fall more sharply. Profit-taking activities by short-term futures contract traders took place in both markets, after recent increases that have formed new short-term upward trends.

Gold futures for April delivery fell $25.2, down to $5,191.3/ounce. Silver futures for March delivery fell $4.238, to $86.81/ounce.

On important external markets during the day, the USD index edged up slightly; crude oil prices increased, trading around 66.50 USD/barrel. The benchmark 10-year US Treasury bond yield is currently at around 4.05%.

Technically, the next upward price target of buyers for the April gold contract is to close above the strong resistance level at 5,400 USD/ounce. Conversely, the short-term downward price target of sellers is to push prices below the important technical support level at 4,854.2 USD/ounce.

The nearest resistance level recorded at the week's peak was 5,269.4 USD/ounce, followed by 5,300 USD/ounce. The first support level was at the bottom of this week at 5,109.5 USD/ounce, followed by 5,100 USD/ounce.

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.

See more news related to gold prices HERE...

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