Gold price today 11/24: Huge profit of nearly 3 million/tael after 1 week

SJC gold bar price

At the end of the weekly trading session, DOJI Group listed the price of SJC gold at 85-87 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI increased by 5 million VND/tael for buying and increased by 3.5 million VND/tael for 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 85-87 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company increased by VND5 million/tael for buying and VND3.5 million/tael for selling.

The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.

Last week, the price of SJC gold fell sharply, combined with the difference between buying and selling prices due to listed businesses, investors suffered heavy losses. If they bought SJC gold at DOJI Group in the session of November 17 and sold it today (November 24), investors would make a profit of VND1.5 million/tael. Similarly, those who bought gold at Saigon Jewelry Company SJC would also make a profit of VND1.5 million/tael.

Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say 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 85.6-86.6 million VND/tael (buy - sell); an increase of 4.6 million VND/tael for buying and 3.9 million VND/tael for selling compared to the closing price of last week's trading session.

Bao Tin Minh Chau listed the price of gold rings at 85.63-86.58 million VND/tael (buy - sell); an increase of 4.6 million VND/tael for buying and 3.9 million VND/tael for selling compared to the closing price of last week's trading session.

After a week of strong increases, if investors buy gold rings in the session of November 17 and sell them in today's session (November 24), the profit investors will receive when buying at DOJI and Bao Tin Minh Chau is 2.9 million VND/tael and 2.95 million VND/tael, respectively.

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 2,716.3 USD/ounce, a sharp increase of 153.1 USD/ounce compared to the close of the previous week's trading session.

Gold Price Forecast

World gold prices increased sharply despite the high USD index. Recorded at 7:00 a.m. on November 24, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 107,510 points (up 0.54%).

Gold and silver prices are expected to continue rising next week. “The uptrend is returning after the post-election sell-off,” said Rich Checkan, president and COO of Asset Strategies International. “Gold prices are being driven by escalating tensions between Russia and Ukraine, as well as investors hunting for bargains after the price drop.”

Mr. Checkan also predicted that during the shortened trading week due to the US Thanksgiving holiday, investors will continue to participate in the gold market instead of staying on the sidelines.

“Gold had a strong week,” said Marc Chandler, managing director at Bannockburn Global Forex. “A gain of around 5% erased the previous week’s losses and ended a three-week decline. A close above $2,700 an ounce would signal a return to the record high of nearly $2,790 an ounce reached in late October.”

Meanwhile, Darin Newsom, senior analyst at Barchart.com, said the current uptrend in gold is quite strong. However, this expert said that he does not rule out the possibility of a short-term adjustment, especially during the US holiday season.