SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 174.2-17.72 million VND/tael (buying - selling); down 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 174.2-277.2 million VND/tael (buying - selling); down 3 million 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 the threshold of 174.2-277.2 million VND/tael (buying - selling); down 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI Group listed the price of gold rings at 173-176 million VND/tael (buying - selling); down 3.7 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 174.2-17.72 million VND/tael (buying - selling), down 3 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 173.7-176.7 million VND/tael (buying - selling), down 3.5 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
World gold price
At 3:00 AM, world gold prices were listed around the threshold of 4,828.2 USD/ounce; down 162 USD compared to the previous day.
Gold price forecast
The deep decline in world gold prices in recent sessions is making the short-term outlook for the precious metal less positive, especially when traditional supporting factors temporarily weaken.
According to analysts, the global gold market is currently operating in parallel on two pricing mechanisms, including the spot market and the futures contract market. In the context of entering the year-end closing stage, December gold contracts are attracting large liquidity on the CME exchange, thereby increasing price fluctuations in the short term.
Gold's adjustment pressure comes from the strong recovery of the USD. The Dollar Index rose to a nearly two-week high, making gold – which is valued in USD – more expensive for investors holding other currencies. Along with that, weakening risk-seeking sentiment in the global financial market has triggered a wave of widespread profit-taking in the precious metals group.
Commenting on the upcoming trend, Mr. Tim Waterer - Head of Trading Analysis at KCM - said that the USD's upward momentum is reducing the attractiveness of gold in the short term. According to him, after the recent period of strong fluctuations, investors tend to be more cautious, making it difficult for gold prices to soon return to old peaks.
From a medium-term perspective, Mr. Mike McGlone, senior market strategist at Bloomberg Intelligence, assessed that the risk of gold adjustment is still present as this precious metal has increased too quickly in the short term. This expert believes that the fact that gold prices continuously hit peaks may be a signal that the market is entering a technical correction phase, with the ability to retest lower support zones before forming a new trend.
With the domestic market, the diễn biến of SJC gold bars and gold rings is likely to still be mainly influenced by world trends. In the context of the buying-selling spread maintained at a high level, investors should be cautious, limit the "price chasing" mentality and carefully consider risks in the short term when the market has not sent out clear stable signals.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
