SJC gold bar price
At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 140.8-142.8 million VND/tael (buy - sell).
Compared to the closing price of the previous trading session (October 5, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by 4.2 million VND/tael in both directions. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 140.8-142.8 million VND/tael (buy in - sell out).
Compared to a week ago, the price of SJC gold bars was increased by 4.2 million VND/tael by Bao Tin Minh Chau in both directions. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
If buying SJC gold at Saigon Jewelry Company SJC and Bao Tin Minh Chau in the session of October 5 and selling it in today's session (October 12), buyers will make a profit of 2.2 million VND/tael.
9999 gold ring price
Bao Tin Minh Chau listed the price of gold rings at 138.4-141.4 million VND/tael (buy - sell); increased by 4.8 million VND/tael in both directions. The difference between buying and selling is at 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 - sell), an increase of 4.6 million VND/tael in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.
If buying gold rings in the session of October 5 and selling in today's session (October 12), buyers at Bao Tin Minh Chau will make a profit of 1.8 million VND/tael. Meanwhile, the profit when buying in Phu Quy is 1.6 million VND/tael.
World gold price
At the end of the trading session of the week, the world gold price was listed at 4,016.4 USD/ounce, up 131.4 USD compared to a week ago. Thus, in less than half a month, world gold has recorded an increase of more than 257 USD/ounce.
Gold price forecast
Christopher Vecchio - Director of futures and foreign exchange strategy at Tastylive.com - predicts that gold prices will continue to fluctuate strongly, but will still be an attractive buying opportunity.
He said that gold and silver are only in the early stages of a long-term price increase cycle: "The factors that bring gold to 4,000 USD/ounce are still intact: rising global debt, global geopolitical instability and declining confidence in the US".
The $4,000/ounce mark is a key psychological threshold, with the market likely to hover around $3,900-4,100/ounce to accumulate, emphasized Paul Williams, CEO of Solomon Global. However, each adjustment this year is quickly absorbed by strong buying power. The fundamental factors that have pushed gold to this level are not yet gone.
He also added: individuals are increasingly aware of financial risks, public debt and the weakening of legal currency, especially the USD. Many are looking for stability in tangible assets such as gold. In addition to central banks continuing to net buy, retail investors are becoming an important part of this story.
Next week, the market may lack economic data as the US Congress has not yet approved a new budget package, leading to further government shutdowns.
However, investors will still closely monitor data from the New York Federal Reserve and Philadelphia, along with speeches at the International Monetary Fund (IMF) and World Bank (WB) Annual meetings in Washington.
In another development, Michele Schneider - Market Strategist at Market Gauge - said she took profits from all of gold and silver positions because she saw the "fear of missing out" (FOMO) mentality spreading.
Gold and silver have risen too strongly, so taking profits and waiting for new buying opportunities is completely reasonable, she said, warning that gold prices may be forming a peak model like in 2011.
According to the World Gold Council (WGC), investment demand for gold ETFs in the third quarter increased by a record 221.7 tons, equivalent to nearly 26 billion USD, bringing holdings closer to the peak in 2020.
"I think there needs to be a period of adjustment, accumulation, and then a further breakthrough. That was when I returned to the market, Schneider added.
Economic data to watch next week
Tuesday: FED Chairman Jerome Powell attends a discussion at the National Association for Business Economics (NABE) Annual Meeting.
Wednesday: New York FED manufacturing survey.
Thursday: survey of FED Philadelphia's business performance.
See more news related to gold prices HERE...
