Update SJC gold price
As of 10:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND86.4-88.4 million/tael (buy - sell); an increase of VND400,000/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.
Meanwhile, the price of SJC gold bars listed by DOJI Group is at 86.4-88.4 million VND/tael (buy - sell); an increase of 400,000 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.
Bao Tin Minh Chau listed SJC gold price at 85.5-87.45 million VND/tael (buy - sell); increased by 900,000 VND/tael for both buying and selling.
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 10:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 86.4-87.9 million VND/tael (buy - sell); an increase of 400,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 86.4-88.35 million VND/tael (buy - sell), an increase of 900,000 VND/tael for both buying and selling compared to early this morning.
World gold price
As of 10:00 a.m., the world gold price listed on Kitco was at 2,752.8 USD/ounce, up 4.3 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased despite the increase in the USD. Recorded at 10:00 on January 23, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 108.095 points (up 0.12%).
Gold prices rose sharply to a near three-month high on Tuesday, buoyed by a weaker dollar and uncertainty over U.S. President Donald Trump’s policies. Investor concerns about a potential trade war and market volatility are boosting demand for safe-haven bullion, Reuters reported.
“There’s increased uncertainty around tariffs and other factors. Gold tends to go up in times of market anxiety, even when the uncertainty is not that great. Gold has become the safe haven that people are looking for,” said Ryan McIntyre, senior portfolio manager at Sprott Asset Management.
Donald Trump said his administration is discussing imposing a 10% tariff on Chinese imports on February 1 - the same day he had previously said he would impose a 25% tariff on imports from Mexico and Canada.
Jim Wyckoff, senior analyst at Kitco, said gold prices rose sharply thanks to safe-haven buying in response to new moves from US President Donald Trump. Gold prices are now approaching record highs.
"The February gold futures contract is currently tilted in favor of the bulls, with a clear advantage in the short term. Gold continues to show a steady uptrend on the daily trading chart. In the near term, if gold can break above the strong resistance at the high of $2,826.30 an ounce and maintain there, the upward momentum will continue. Conversely, if the bears gain the upper hand, they will try to push the price below the important support at $2,675 an ounce," said Jim Wyckoff.
The precious metals market will be driven by constantly changing news from Washington in the coming days and weeks, said Saxo Bank's head of commodity strategy Ole Hansen.
Economic Data to Watch This Week
Thursday: US weekly jobless claims report
Friday: S&P Flash PMI, US Existing Home Sales
See more news related to gold prices HERE...
