Updated SJC gold price
As of 11:00, the price of SJC gold bars was listed by DOJI Group at 140.8-142.8 million VND/tael (buy - sell), an increase of 900,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
The price of SJC gold bars was listed by Bao Tin Minh Chau at 140.8-142.8 million VND/tael (buy - sell), an increase of 900,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 140-142.8 million VND/tael (buy - sell), an increase of 1.5 million VND/tael for buying and an increase of 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 round gold ring price
As of 11:00, DOJI Group listed the price of gold rings at 136.8-139.8 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 138.4-141.4 million VND/tael (buy - sell), an increase of 600,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 137.3-140.3 million VND/tael (buy in - sell out), an increase of 600,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
The buying-selling gap is pushed up too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 11:00, the world gold price was listed around 4,016.4 USD/ounce, up 34.7 USD.
Gold price forecast
Gold prices have officially surpassed the $4,000/ounce mark, while silver broke the historical threshold of $50/ounce, marking the strongest increase since 1979.
This breakout was driven by loose monetary policy, escalating geopolitical tensions and a decline in confidence in the global financial system.
In just 200 days, gold has climbed from $3,000 to $4,000 an ounce, after completing a 13-year cup & handle model, surpassing the $2,000/ounce resistance zone in March 2024.
Major political upheavals, including the US government's shutdown, the French government's collapse and Ms. Sanae Takaichi becoming Japan's first female Prime Minister, pushed gold prices to a peak of 4,080 USD/ounce in the middle of the week, before falling slightly due to profit-taking activities after the news that Israel and Hamas reached a ceasefire agreement.
In addition, gold prices increased partly due to signs of escalating US-China trade tensions. China has announced that it will impose special fees on US ships docking in the country from October 14, in response to the US plan to impose port fees on Chinese ships.
According to the Chinese Ministry of Transport, the initial fee is 400 yuan (equivalent to 56 USD)/MT and will gradually increase to 1,120 yuan in April 2028.
The move is seen as a response to the US plan to impose tariffs on ships built, operated or owned by China - something Beijing said was a "serious violation of international trade principles and bilateral maritime agreements".
At the same time, the State Market Management Agency of China (SAMR) announced the launch of an antitrust investigation into the Qualcomm (US) acquisition of Autotalks deal. SAMR will see if the deal violates China's antitrust laws. After this information, Qualcomm shares decreased by 4% in the trading session before opening time in New York.
Bloomberg quoted the source as saying: "The latest moves show that the two sides are preparing to " wear a suit" ahead of the meeting between President Donald Trump and President Xi Jinping scheduled to take place this month on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea."
According to technical experts, gold's next resistance level is 4,500 USD/ounce, while strong support zones are at 3,750 and 3,500 USD/ounce.
Note: Gold price data is compared to a day earlier.
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