Update SJC gold price
As of 9:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND83.3-84.8 million/tael (buy - sell); an increase of VND1.1 million/tael for buying and an increase of VND600,000/tael for selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 1.5 million VND/tael.
Meanwhile, the price of SJC gold bars listed by DOJI Group is at 83.3-84.8 million VND/tael (buy - sell); an increase of 1.1 million VND/tael for buying and an increase of 600,000 VND/tael for selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 1.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 82.2-84.2 million VND/tael (buy - sell); unchanged.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say this difference is still very high. The difference between buying and selling prices is a factor that investors need to consider when participating in the gold market. It directly affects the ability to make a profit, especially in the short term.
Price of round gold ring 9999
As of 9:10 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 84-84.8 million VND/tael (buy - sell); an increase of 700,000 VND/tael for buying and 600,000 VND/tael for selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 82.6-84.2 million VND/tael (buy - sell), unchanged from early this morning.
World gold price
As of 9:40 a.m., the world gold price listed on Kitco was at 2,634.7 USD/ounce, up 10.5 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased despite the decline of the USD. Recorded at 9:40 a.m. on January 2, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 108.195 points (down 0.07%).
Safe-haven demand and central bank rate cuts have been catalysts for gold’s rally in 2024, helping the precious metal post a 26% gain for the year, its best performance since 2010. Experts say these factors will continue to drive the precious metal into the new year, but sentiment could turn more cautious given the policy shifts under US President Donald Trump.
Geopolitical tensions are expected to continue to escalate next year as central banks continue to buy gold, while the U.S. debt problem could worsen and the deficit could increase under the Trump administration, Peter Grant, vice president and senior metals strategist at Zaner Metals, told CNBC. All of this will boost safe-haven demand for the precious metal...
Forecasting gold's performance in the first month of the year, ForexLive currency analyst Justin Low said that gold usually performs best in January, but there are several factors that make the yellow metal different in the new year.
This expert commented that this year will be a bit difficult for gold as the price of this precious metal has increased by nearly 27% in 2024. Prices cooled down in November and December but mainly due to the US election results as it somewhat affected the outlook of the US Federal Reserve (FED) this year.
See more news related to gold prices HERE...
