Updated SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 99.5-102.2 million/tael (buy in - sell out), an increase of VND 400,000/tael for both buying and selling. The difference between buying and selling prices is at 2.7 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 99.5-102.2 million VND/tael (buy - sell), an increase of 400,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 2.7 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 99.1-102.3 million VND/tael (buy - sell), keeping the same for buying and increasing by 500,000 VND/tael for selling. The difference between buying and selling prices is at 3.2 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 was listed at 98.7-102.2 million VND/tael (buy in - sell out); unchanged for buying and increased by 800,000 VND/tael for selling. The difference between buying and selling is listed at 3.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 99.1-102.3 million VND/tael (buy - sell); down 300,000 VND/tael for buying and up 500,000 VND/tael for selling. The difference between buying and selling is 3.2 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed to an excessively high level, causing risks for individual investors to increase.
In the context of many fluctuations in the world gold market, the large difference between buying and selling in the domestic market is a clear warning sign. If gold prices turn down, buyers will face a huge loss. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
As of 6:05 a.m. on April 4, the world gold price was listed at 3,110.3 USD/ounce, down 14 USD/ounce.
Gold price forecast
Gold prices paused on Thursday after soaring to a new record high thanks to US President Donald Trump's announcement of import tariffs, urging investors to seek safe assets.
According to Kitco, gold prices fell due to strong selling to make a profit. The precious metal reversed and decreased despite general concerns about risks in the market. Concerns about global economic growth decline are rising, after previous signs of concern, with new US tariffs.
Today's gold price movements reflect the classic model of "buying rumors, selling the truth" - when the market had predicted a major event and reflected that in prices before it happened. When events happen for real, investors often take advantage of taking profits.
As the market is currently worried, many traders think: "If you can't sell what you want, sell what you have." This could be the reason why the gold and silver markets - safe-haven assets - are being sold off, although the general market is cautious.
June gold contract is currently down 33.7 USD, down to 3,131.5 USD/ounce. The May silver contract fell by $2,635, to $22.05 an ounce.
The market reacted strongly overnight as President Trump imposed strong countervailing tariffs, said David Morrison from Trade Nation in an email announcement. The announcement of the tariffs shocked the financial market, forcing traders to rush to assess the impact.
Confoundation and uncertainty are currently rampant in psychology, as concerns about a global trade war are becoming a reality. The retaliatory measures from major economies are now widely expected, further increasing tensions."
Technically, June gold buyers still have a short-term advantage, but if the strong selling momentum continues at the end of the week, a short-term peak could be formed. The next upside target for buyers is to close above the strong resistance level of $3,201://ounce.
On the contrary, the target for the sellers is to bring the price below the technical support level of 3,031.00 USD/ounce. The first resistance level is 3,150 USD/ounce, followed by 3,177 USD/ounce. The first support level is today's bottom of $3,073.5 an ounce, then $3,050 an ounce.
For other major markets, the USD index fell sharply to its lowest level in 6 months. Nymex crude oil futures also plummeted, trading around $66/barrel. The yield on the 10-year US government bond is currently around 4.05%. US bonds are being bought strongly as investors seek a safe haven amid market fluctuations.
See more news related to gold prices HERE...
