SJC gold bar price
Recorded at 9am, SJC gold price was listed by DOJI Group at 78-80 million VND/tael (buy - sell). Compared to the beginning of the previous trading session, the gold price at DOJI increased by 1.5 million VND/tael in both buying and selling directions.
The difference in buying and selling price of SJC gold at DOJI is 2 million VND/tael. This threshold is quite high, causing investors to face the risk of loss.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 78-80 million VND/tael (buy - sell). Compared to the beginning of the previous trading session, the gold price at Saigon SJC VBQ Company increased by 1.5 million VND/tael in both buying and selling directions.
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company is also at 2 million VND/tael.
Gold ring price 9999
As of 9 a.m., the price of 9999 Hung Thinh Vuong round gold ring at DOJI Jewelry Group was listed at 76.65-77.90 million VND/tael (buy - sell), an increase of 350,000 VND/tael for both. buying and selling afternoon.
Saigon Jewelry Company listed the gold ring price at 76.6-77.9 million VND/tael (buy - sell), an increase of 400,000 VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings at 76.68-77.88 million VND/tael (buy - sell), an increase of 360,000 VND/tael for both buying and selling.
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 9:15 a.m., the world gold price listed on Kitco was at 2,466.3 USD/ounce; an increase of 37 USD/ounce compared to the beginning of yesterday's trading session.
Gold price forecast
World gold prices increased when the USD index decreased. Recorded at 9:15 a.m. on August 13, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 102,925 points (down 0.04%).
Experts say that the market is going up thanks to shelter demand as investors wait for US inflation data this week to more accurately forecast the Federal Reserve's (FED) interest rate reduction plan.
Jim Wyckoff, senior analyst at Kitco Metals, said technical buying that emerged when the chart trended up also supported the gold and silver markets.
Gold demand also increases as geopolitical tensions escalate.
Investors are currently waiting for the US producer price index (PPI) and consumer price index (CPI) reports to be released this week, to better assess inflation.
CME FedWatch interest rate tracking tool said the market currently bets the likelihood of the Fed cutting interest rates by another 50 basis points (0.5%) in September is 49%. Gold is considered a risk prevention tool in case of economic and political fluctuations and tends to increase in price when interest rates are low.
