SJC gold bar price
As of 9:10 am, SJC gold bar prices were listed by DOJI Group at the threshold of 157.7-160.7 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 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 157.7-160.7 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 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 157.5-160.7 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 3.2 million VND/tael.
9999 gold ring price
As of 9:10 am, DOJI Group listed the price of gold rings at 157.7-160.7 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 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 157.7-160.7 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 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 157.5-160.5 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 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:10 am, world gold prices were listed around the threshold of 4,501.5 USD/ounce, down 35.6 USD compared to the previous day.
Gold price forecast
The world gold market is under pressure from many new factors as inflation continues to heat up, while expectations for US monetary policy have changed significantly. Although gold prices still maintain a support zone around 4,500 USD/ounce, this precious metal is having difficulty finding strong growth momentum in the short term.
Experts at Heraeus said that the tense developments in the Middle East have increased concerns about inflation, leading to a change in investors' expectations about interest rate policy. If the market previously predicted that the US Federal Reserve (Fed) could cut interest rates 1-2 times in 2026, the trend has now reversed as many investors are starting to consider the possibility of an interest rate hike.
Pressure on gold prices also comes from policy changes in India - one of the world's largest gold consumers. The country's government has raised import taxes on gold and silver from 6% to 15%, a move to reduce pressure on the domestic currency amid rising commodity prices. According to Heraeus, after the new policy was implemented, many investors in India took the opportunity to sell to take profits, creating more pressure on the market.
New data also shows that consumer demand still has many mixed signals. The US consumer confidence index in May fell to 93.1 points from 93.8 points last month. According to Ms. Dana M. Peterson - chief economist of the Conference Board, Americans continue to worry about the impact of the Middle East conflict on prices and living costs.
However, not all signals are leaning towards a negative trend. Mr. Jeffrey Roach - chief economist at LPL Financial said that the US labor market still maintains a relatively stable state. According to him, consumers may only be temporarily cautious and the economy is still likely to recover by the end of the year if geopolitical risks subside.
In that context, investors continue to closely monitor inflation, the Fed's interest rate policy and geopolitical tensions - factors that could determine the next direction of gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
