Gold price today 11/16: Heavy loss despite high prices last week

Khương Duy |

Gold price today 11/16: Gold ring buyers last week lost up to 1 million VND even though the price increased by more than 2 million VND/tael.

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 149-151 million VND/tael (buy - sell).

Compared to the closing price of the previous trading session (November 9, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by 2.6 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.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold bar price movements in recent sessions. Chart: Phan Anh

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 149-151 million VND/tael (buy in - sell out).

Compared to a week ago, the price of SJC gold bars was increased by 2.1 million VND/tael for buying and by 2.6 million VND/tael for selling. 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 November 9 and selling it in today's session (November 16), buyers will make a profit of VND 600,000/tael.

Bang: Khuong Duy
Table: Khuong Duy

9999 gold ring price

Bao Tin Minh Chau listed the price of gold rings at 147.8-150.8 million VND/tael (buy - sell); increased by 2 million VND/tael in both directions. The difference between buying and selling is at 3 million VND/tael.

Dien bien gia vang nhan nhung phien gan day. Bieu do: Phan Anh
Gold ring price developments in recent sessions. Chart: Phan Anh

Phu Quy Gold and Stone Group listed the price of gold rings at 147.5-150.5 million VND/tael (buy - sell), an increase of 2.1 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 November 9 and selling in today's session (November 16), buyers at Bao Tin Minh Chau will lose 1 million VND/tael. Meanwhile, the loss when buying in Phu Quy is 900,000 VND/tael.

Bang: Khuong Duy
Table: Khuong Duy

World gold price

At the end of the trading session of the week, the world gold price was listed at 4,080.7 USD/ounce, up 79.5 USD compared to a week ago.

Dien bien gia vang the gioi nhung phien gan day. Bieu do: Phan Anh
World gold price developments in recent sessions. Chart: Phan Anh

Gold price forecast

The latest weekly gold survey by an international financial information platform shows that negative sentiment continues to cover the market

This week, 17 Wall Street experts participated in a gold price survey. Of these, eight (47%) predict gold prices will fall in the short term. Six experts (35%) are neutral for next week, while only three (18%) see prices continuing to rise.

Meanwhile, an online survey on social media recorded 230 votes. Of these, 151 people (65.7%) expect gold prices to rise next week. 38 (16.5%) forecast prices to fall and 41 (17.8%) remained neutral in the short term.

Mr. Adrian Day - Chairman of Adrian Day Asset Management commented: "There is still a lot of uncertainty surrounding the US economy, taxes and further interest rate moves.

Gold may have to re-evaluate the recent bottom around $3,930/ounce before recovering convincingly. However, if there is an adjustment, it will likely be short and shallow, because the core factors supporting gold are still there."

According to Ricardo Evangelista - senior analyst at ActivTrades: "Gold prices are being supported by the cautious sentiment covering financial markets... however, the room for increase is still limited by growing doubts about the possibility of the US Federal Reserve (FED) cutting interest rates in December, especially when there is a lack of new economic data".

Notable US economic data next week

Monday: Empire State Production Survey.

Wednesday: Minutes of the Federal Open Market Committee (FOMC) meeting.

Thursday: Philly FED Production Survey, Weekly Unemployment claims, existing home sales.

Friday: S&P's preliminary PMI, University of Michigan Consumer Confidence Index.

See more news related to gold prices HERE...

Khương Duy
RELATED NEWS

The real reason for gold prices to plummet at the end of the week

|

World gold prices plummeted at the end of the trading session of the weekend as the market reacted strongly to the "hawlish" comments from the FED.

Updated gold price at the end of the session on November 15: Gold rings decreased sharply by 2.6 million VND

|

Updated gold price at the end of the session on November 15: Massive decrease in both domestic and international markets.

Gold prices are facing a wave of widespread sell-off

|

Gold prices fell as much as 3% in the session on Friday alone due to widespread sell-off in the market.

Mr. Nguyen Khac Toan was introduced to be elected Chairman of the Hue City People's Committee

|

HUE - The Secretariat decided to transfer Mr. Nguyen Khac Toan to hold the position of Deputy Secretary of the Hue City Party Committee and introduced him to be elected Chairman of the Hue City People's Committee.

Fraudulent boss Chen Zhi builds billion-dollar network in the UK right in front of security forces

|

Scamm boss Chen Zhi quietly turned London into the operational center of a billion-dollar fraud network in the UK, overcoming all security control rounds.

Russian soldiers escape thanks to pigs activating mines right in front of them

|

Images circulating on the Internet showed a moment of victory on the battlefield, when a pig activated an explosive mine right before the Russian soldiers entered the area.

Timely rescue of people trapped in a fire on Trung Kinh Street

|

Hanoi - The authorities promptly rescued 1 person trapped in a house fire on Trung Kinh Street, Yen Hoa Ward.

Union Newsletter: There is enough time to prosecute the crime of evasion of social insurance payment

|

Union newsletter: National basis for criminal prosecution for evasion of social insurance payment; Salary reform so that civil servants are paid appropriately;...

The real reason for gold prices to plummet at the end of the week

Khương Duy |

World gold prices plummeted at the end of the trading session of the weekend as the market reacted strongly to the "hawlish" comments from the FED.

Updated gold price at the end of the session on November 15: Gold rings decreased sharply by 2.6 million VND

Khương Duy |

Updated gold price at the end of the session on November 15: Massive decrease in both domestic and international markets.

Gold prices are facing a wave of widespread sell-off

Khương Duy |

Gold prices fell as much as 3% in the session on Friday alone due to widespread sell-off in the market.