SJC gold bar price
At the end of the week's trading session, DOJI Group listed the price of SJC gold at 80-82 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, gold price at DOJI increased by 1.5 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 80-82 VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the gold price at Saigon Jewelry Company SJC increased by 1.5 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Last week, SJC gold price increased sharply, however the high difference between buying and selling gold caused investors to suffer losses.
If you buy gold at DOJI Group on September 15 at VND80.5 million/tael and sell it today (September 22), you will lose VND500,000/tael. Similarly, those who buy gold at Saigon Jewelry Company SJC will also lose VND500,000/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 79.4-80.55 million VND/tael (buy - sell); an increase of 1.5 million VND/tael for buying and an increase of 1.45 million VND/tael for selling compared to the closing price of last week's trading session.
Saigon Jewelry Company listed the price of gold rings at 78.9-80.2 million VND/tael (buy - sell); an increase of 1.1 million VND/tael for both buying and selling compared to the closing price of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 79.39-80.54 million VND/tael (buy - sell); an increase of 1.51 million VND/tael for buying and 1.46 million VND/tael for selling compared to the closing price of last week's trading session.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
At the close of the weekly trading session, the world gold price listed on Kitco was at 2,622.2 USD/ounce, up 44.5 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices increased sharply despite the decrease in the USD index. Recorded at 6:00 a.m. on September 22, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 100,420 points (up 0.1%).
While there isn't as much economic data as last week, next week's economic calendar still has a slew of important data releases, including S&P Flash PMI on Monday, US consumer confidence on Tuesday, US new home sales on Wednesday and US durable goods report on Thursday, Q3 GDP and weekly jobless claims and US pending home sales.
The main event next week that could have a big impact on gold prices is the release of the US core personal consumption expenditure (PCE) index for August, the Fed’s preferred inflation gauge, due Friday morning.
The latest Kitco News weekly gold survey shows that investors are bullish on gold prices next week, while industry experts are evenly split between bullish and bearish views in the short term.
This week, 19 analysts participated in the Kitco News gold survey, and the majority see gold prices rising or at least trading sideways. Nine analysts see gold prices rising next week, while eight see it trading sideways. Only two see gold trading lower next week.
Meanwhile, 189 votes were cast in Kitco's online poll, with most Main Street investors returning to their bullish outlook.
