Update SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 82.5-84.5 million VND/tael (buy - sell), down 200,000 VND/tael.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Meanwhile, DOJI Group listed the price of SJC gold at 82.5-84.5 million VND/tael (buy - sell), down 200,000 VND/tael.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 82.5-84.5 million VND/tael (buy - sell), down 200,000 VND/tael.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around VND2 million/tael. Experts say that this difference is still very high, causing investors to face the risk of losing money when buying in the short term.
The difference between the buying and selling price is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make profits, especially in the short term.
Price of round gold ring 9999
As of 6:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 83.60-84.50 million VND/tael (buy - sell); down 150,000 VND/tael for buying and down 200,000 VND/tael for selling compared to the beginning of yesterday's trading session.
Bao Tin Minh Chau listed the price of gold rings at 82.90-84.50 million VND/tael (buy - sell), down 200,000 VND/tael for both selling prices compared to the beginning of yesterday's trading session.
World gold price
As of 0:25 on December 31 (Vietnam time), the world gold price listed on Kitco was at 2,601.9 USD/ounce, down 20.1 USD/ounce.
Gold Price Forecast
World gold prices fell sharply as the USD increased. Recorded at 0:25 on December 31, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 108.005 points (up 0.19%).
According to Bloomberg, "the dollar is heading for its best year in nearly a decade, as US economic strength curbs expectations of a rate-cutting cycle by the Federal Reserve (FED) and President-elect Donald Trump's aggressive tariff threats boost positive expectations for the currency."
The gold market is struggling to hold the important support level of $2,600/ounce and could face increased selling pressure as the US real estate market continues to show signs of stability.
More consumers are starting the process of buying a new home, according to the latest data from the National Association of Realtors (NAR).
Pending home sales in the U.S. rose 2.2% in November, the NAR said Monday, after recording a 1.8% increase in October.
That beat economists' forecasts, which had expected a 0.9% increase. The report showed that contracts signed rose in all four regions of the country over the past 12 months, with the West posting the biggest gain. For the year, pending home sales rose 6.9%.
The gold market has not yet seen a significant reaction to this economic data. However, some analysts believe that positive news from the housing market could create additional selling pressure as gold prices remain hovering near key support levels.
The peripheral market today saw Nymex crude oil futures prices remain stable around $70.75/barrel. The yield on the 10-year US Treasury note rose to 4.6%.
Technically, February gold futures are in a near-term balance between bulls and bears. The next target for bulls is a close above $2,700 an ounce, while bears are aiming to push prices below key technical support at $2,565 an ounce.
See more news related to gold prices HERE...