Updated SJC gold price
As of 9:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 88.5-90.5 million/tael (buy in - sell out), down VND 400,000/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
Meanwhile, the price of SJC gold bars was listed by DOJI Group at 88.5-90.5 million VND/tael (buy - sell), down 400,000 VND/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at 88.6-90.5 million VND/tael (buy - sell); down 500,000 VND/tael for buying and down 400,000 VND/tael for selling.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 1.9 million VND/tael.
9999 round gold ring price
As of 9:30 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND90-91 million/tael (buy - sell); an increase of VND200,000/tael for buying and an increase of VND100,000/tael for selling compared to early this morning.
The difference between buying and selling is at 1.1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 90.1-91.3 million VND/tael (buy - sell), an increase of 150,000 VND/tael for buying and a decrease of 100,000 VND/tael for selling compared to early this morning.
The difference between buying and selling is at 1.2 million VND/tael.
World gold price
As of 8:45 a.m., the world gold price listed on Kitco was at 2,858.1 USD/ounce, down 15.1 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices fell amid an increase in the USD. Recorded at 8:45 a.m. on March 1, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 107.510 points (up 0.31%).
Gold prices have experienced a week of strong fluctuations, setting a record before falling sharply. Gold futures for April hit a record high of $2,968.9 an ounce on Monday but then fell significantly in the remaining days of the week. Gold lost 40.3 USD on Tuesday and decreased by 43.9 USD on Thursday.
This development caused gold prices to fall a total of 86.8 USD/ounce for the week, ending a long streak of increases since the end of December. However, gold still recorded an increase of 30.3 USD/ounce (1.07%) in February.
The 8-week streak of gains was broken by the strength of the USD. USD Index increased by 0.94% for the week, reaching 107.55 points.
Market sentiment has also been strongly affected by US President Donald Trump's threat to impose import tariffs on Canada and Mexico from next week. Previously, concerns about rising inflation due to new tariffs have boosted gold's rally.
However, after the US Commerce Department released the January PCE inflation Index on Friday, market sentiment has changed. Data shows that the PCE index - the Federal Reserve's preferred inflation measure - increased by 2.5% compared to the same period last year, down from 2.6% in December and in line with analysts' forecasts. The core PCE index (excluding food and energy prices) also fell to 2.6% from 2.9% previously.
These figures make analysts believe that the Fed will likely keep interest rates unchanged for most of 2025, even as the Trump administration continues to threaten to impose a 25% tariff on imports from Canada and Mexico, and proposes to double the tax on Chinese goods to 20%.
Investors are now waiting to see whether Donald Trump will actually implement the tariffs next week and its impact on inflation in the coming time.
See more news related to gold prices HERE...
