SJC gold bar price
At the end of the week's trading session, DOJI Group listed the price of SJC gold at 83.3-85.8 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI decreased by 1.7 million VND/tael for buying and 1.2 million VND/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 83.3-85.8 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company decreased by VND 1.7 million/tael for buying and VND 1.2 million/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
If you buy SJC gold at DOJI Group on November 24 and sell it today (December 1), you will lose 3.7 million VND/tael. Similarly, those who buy gold at Saigon Jewelry Company SJC will also lose 3.7 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 83.5-84.5 million VND/tael (buy - sell); down 2.1 million VND/tael for both buying and selling compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 83.68-84.78 million VND/tael (buy - sell); down 1.95 million VND/tael for buying and down 1.8 million VND/tael for selling compared to the closing price of last week's trading session.
After a week of sharp decline, if buying gold rings in the session of November 24 and selling in today's session (December 1), the loss investors will have to accept when buying at DOJI and Bao Tin Minh Chau is 3.1 million VND/tael and 2.9 million VND/tael, respectively.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
At the close of the weekly trading session, the world gold price listed on Kitco was at 2,650.3 USD/ounce, down 66 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices fell despite the cooling of the USD index. Recorded at 9:00 a.m. on December 1, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.830 points (down 0.21%).
The latest Kitco News survey shows that industry experts are almost evenly split between bullish and wait-and-see, while retail investor sentiment has also softened compared to last week.
Of the 14 analysts surveyed by Kitco News, six, or 43%, predict gold prices will rise next week. Seven, or 50%, predict gold prices will remain flat. Only one, or 7%, predicts prices will fall.
199 votes were cast in Kitco’s online poll. Ninety-six traders, or 48 percent, expect gold prices to rise next week, while 61, or 31 percent, expect prices to fall. The remaining 42 investors, or 21 percent, expect gold prices to trade sideways in the short term.
Marc Chandler, CEO at Bannockburn Global Forex, said that gold prices are under pressure from both the upside and downside in the short term.
“Gold fell nearly 3.4% on Monday last week, its biggest drop in five months, after peaking from a five-day rally of nearly 6%. Despite falling US bond yields and the US dollar, gold traders remained cautious,” he said.
Meanwhile, Colin Cieszynski, chief strategist at SIA Wealth Management, said the market is in a consolidation phase after a major price increase from February to late October. He predicted that gold would fluctuate in the range of 2,532 - 2,800 USD/ounce.
See more news related to gold prices HERE...
