SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 181.7-184.7 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 181.7-184.7 million VND/tael (buying - selling), an increase of 500,000 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 182-184.7 million VND/tael (buying - selling), an increase of 800,000 VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 2.7 million VND/tael.
9999 gold ring price
As of 6:00 AM, DOJI Group listed the price of gold rings at the threshold of 181.7-184.7 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 181.7-184.7 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 the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 181.7-184.7 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
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.
World gold price
At 6:10 am, world gold prices were listed around the threshold of 5,084.1 USD/ounce. Compared to the previous day, world gold prices decreased by 33.3 USD.
Gold price forecast
Gold and silver prices fell due to pressure from the rise of the USD index and US Treasury bond yields. These two precious metals lost the moderate increase achieved in the overnight trading session, as safe-haven demand increased due to tensions in the Middle East, raising risk-worrying sentiment in the market.
The most recent April gold contract fell 61.20 USD, to 5,073.70 USD/ounce. Meanwhile, the March silver contract fell 1,598 USD, to 81.10 USD/ounce.
In another development, the administration of US President Donald Trump and Venezuela's state-owned mining company have finalized an agreement under which this South American country will sell a maximum of 1,000 kg of gold to the US market. The information was published by Axios news site on Wednesday and quoted by Bloomberg.
According to reports, the Venezuelan state-owned Minerven company will sell from 650 to 1,000 kg of raw gold (gold dore) to commodity trader Trafigura. After that, Trafigura will distribute this gold to refineries in the US under a separate agreement.
Information about the agreement was released after a meeting on Wednesday between US Home Secretary Doug Burgum and Venezuelan interim President Delcy Rodriguez to discuss mining reform and mineral exploitation activities.
Technically, buyers on the April gold futures market are aiming for the next goal of bringing the closing price above the strong resistance level at 5,434.1 USD/ounce, the peak of this week. Meanwhile, sellers are aiming to push the price below the important technical support zone of 5,000 USD/ounce in the short term.
The first resistance level was recorded at 5,204.3 USD/ounce, which is the peak of today's session, followed by 5,250 USD/ounce. The nearest support levels are at 5,005 USD/ounce, which is the bottom of this week, and 4,900 USD/ounce, respectively.
On the outside market, Nymex crude oil prices rose sharply, hitting a nine-month high and are trading around 79.50 USD/barrel. Meanwhile, the yield on 10-year US Treasury bonds is currently around 4.148%.
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...
