SJC gold bar price
As of 6:00 AM, SJC gold bar prices were listed by Bao Tin Minh Chau at 171-175 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 171-175 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
9999 gold ring price
As of 6:00 AM, Bao Tin Minh Chau listed the price of gold rings at 171-174 million VND/tael (buying - selling), an increase of 2.7 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 171-174 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices 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.
World gold price
At 5:13 am, world gold prices were listed around the threshold of 4,717.5 USD/ounce. Although down compared to the closing session on April 8, for the whole session, this precious metal still recorded an increase of about 62.7 USD/ounce.
Gold price forecast
Gold price prospects are still positively assessed in the medium and long term, although the market is experiencing strong fluctuations after the hot upward period at the beginning of the year. One of the factors continuing to support the precious metal is the trend of increasing gold reserves of central banks around the world.
A survey by Central Banking Publications conducted with 101 central banks shows that interest in gold remains high. 72.6% of participating organizations said they are holding gold in their reserve portfolios, higher than the previous year.
Notably, some central banks said they are continuing to buy more gold, while many other units also left open plans to increase their holding ratio in the next 5-10 years. The average forecast of 60 central banks participating in the survey shows that gold prices may reach about 5,354 USD/ounce by the end of 2026.
This trend is taking place in the context that geopolitical instability continues to be a top economic risk. According to a survey, nearly 70% of central banks see geopolitical tensions as the biggest concern this year.
Mr. Bernard Altschuler - Global Director in charge of central banking at HSBC - said that geopolitical risks are driving reserve managers to diversify their portfolios, in which gold is the most noticed asset.
From an investment perspective, although gold prices sometimes fluctuate sharply and do not always attract safe-haven cash flow, the role of precious metals in the portfolio has not changed structurally.
Talking to Kitco News, Ms. Indrani De - Head of Global Investment Research at FTSE Russell - said that gold is still benefiting from instability, but is under short-term pressure from the cost of holding non-performance assets, amid concerns about inflation and high interest rates.
According to Ms. De, the commodity market is sending clearer signals about the risk of inflation, as economic growth shows signs of slowing down but price pressure is still present. In such an environment, gold still has a foothold as an important diversification and risk hedging tool. This shows that, although short-term may still fluctuate, the support level of gold prices is still not easily shaken.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
