SJC gold bar price
As of 9:30 am, Phu Quy Jewelry Group listed SJC gold bar prices at 143.7-147.2 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 144.2-147.2 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 142.45-146.45 million VND/tael (buying - selling), down 150,000 VND/tael in both directions. The difference between buying and selling prices is at 4 million VND/tael.
9999 gold ring price
As of 9:30 am, Phu Quy Gold and Gems Group listed the price of gold rings at 142.7-14.62 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
DOJI Group listed gold ring prices at the threshold of 142.5-146 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 142.45-146.45 million VND/tael (buying - selling), down 150,000 VND/tael in both directions. The difference between buying and selling prices is at 4 million VND/tael.
World gold price
At 9:30 am, world gold prices were listed around the threshold of 4,007.3 USD/ounce, down 10 USD/ounce.
Gold price forecast
Gold prices entered a new trading week with many intertwined unfavorable factors, the most notable of which are the upward momentum of oil prices, expectations of high interest rates and the diễn biến of the USD.
Last week, world gold prices fell by about 2.5%, marking the strongest week of decline in the past six weeks. Although the precious metal recovered and closed above the 4,000 USD/ounce mark, the short-term trend is still not really stable as prices continuously fluctuate around this important psychological zone.
US inflation data shows that price pressure is showing signs of cooling down. However, the positive impact was quickly overwhelmed by the strong increase in energy prices. Brent oil prices rose more than 14% in the week, returning above 80 USD/barrel amid continued complex tensions in the Middle East.
Rising oil prices can increase transportation, production and consumption costs, thereby creating more pressure on inflation. This reinforces the ability of central banks to continue to maintain prudent monetary policy. High interest rates are often detrimental to gold because the precious metal does not bring periodic yields.
In addition, the USD and US bond yields continue to be important variables. If the greenback maintains its upward momentum, gold prices may face more pressure as they become more expensive for buyers using other currencies.
A survey of 14 Wall Street experts shows that prediction sentiment is clearly leaning towards a down scenario. Up to 11 experts, equivalent to 79%, believe that gold prices will go down this week. Only one person predicts a price increase, while two experts believe the market may go sideways.
In the group of individual investors, views are more differentiated. In 169 survey participations, 40% expect prices to increase, 36% forecast to decrease and 24% believe that gold will accumulate.
The focus of this week's market is the monetary policy decision of the European Central Bank. Statements after the meeting may affect the euro, USD and cash flow in the precious metals market. In addition, the number of unemployment claims, the preliminary PMI index for July and new home sales in the US will also be closely monitored.
Domestically, the buying - selling difference is commonly from 3-4 million VND/tael, continuing to increase risks for short-term buyers. Gold prices need to increase strongly enough to compensate for the difference arising immediately after the transaction.
Gold price data is compared to the previous day.
The information in the article is for reference only, reflecting market developments at the time of recording and not an investment recommendation. Investors need to carefully consider their financial capacity, personal goals and related risks before making a decision to buy or sell gold.
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