SJC gold price update
As of 11:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 156.8-158.8 million VND/tael (buying - selling), down 900,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 2 million VND/tael.
Phu Quy Gold, Silver and Gemstone Group listed SJC gold bar prices at 155.8-158.8 million VND/tael (buying - selling), down 900,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 156.8-158.8 million VND/tael (buying - selling), down 900,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Price of 9999 round gold ring
As of 11:00 AM, DOJI Group listed the price of gold rings at the threshold of 154-157 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Gold, Silver and Gemstone Group listed the price of gold rings at 155-158 million VND/tael (buying - selling), down 500,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 156.3-159.3 million VND/tael (buying - selling), down 400,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
The buying-selling gap is high, causing risks for individual investors to increase. Individual investors, especially those with "surfing" psychology, need to consider carefully before spending money.
World gold price
At 11:00 AM, world gold prices were listed around the threshold of 4,513.6 USD/ounce, down 19.4 USD compared to the previous day.
Gold price forecast
In the 2026 Commodity Outlook report, strategists at the world's leading bank Goldman Sachs affirmed: "Gold is still our most preferred long-term buy position in the entire commodity market.
This bank forecasts that gold prices could reach the $4,900/ounce mark in the fourth quarter of 2026, in the base scenario. Notably, Goldman believes that this level is still not the absolute ceiling if cash flow from individual investors accelerates along with the central bank's buying demand.
According to the roadmap built by Goldman Sachs, gold prices in 2026 will not go up in a straight line. In the first quarter of 2026, this precious metal may adjust to a low of 4,200 USD/ounce, as the market absorbs short-term factors such as monetary policy developments and profit-taking after a period of hot increases.
In the second quarter, gold prices are forecast to return to the above 4,400 USD/ounce zone, before setting a new peak of about 4,630 USD in the third quarter.
By the end of Q4/2026, Goldman Sachs set a target of 4,900 USD/ounce - a new record high for precious metals.
US banks believe that the global macroeconomic context continues to support gold. Goldman Sachs' basic scenario includes solid global GDP growth and the US Federal Reserve (Fed) reducing interest rates by a total of 50 basis points in 2026.
History shows that gold often benefits in a low-interest environment, when the opportunity cost of holding non-interest-generating assets is narrowed.
From a long-term structural perspective, Goldman Sachs points out two major drivers.
First, geopolitical, technological and AI competition between the US and China is pushing goods - especially gold - back to the central position in the economic security strategy.
Second, the high concentration of geographical goods supply increases the risk of disruption, thereby highlighting the "security" role of gold in the investment portfolio.
One of the most important reasons behind the positive forecast for gold prices is the persistent buying demand of central banks.
Goldman Sachs estimates that the bloc's gold purchase volume in 2026 averaged about 70 tons/month - about 4 times higher than the pre-2022 average.
According to Goldman, the West's freeze on Russia's foreign exchange reserves has created a turning point in how emerging economies perceive geopolitical risks.
Gold price data is compared to the previous day.
The world gold market operates through two main valuation mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
Second is the futures contract market, where prices are set for futures delivery. Due to year-end book closing activities, December gold contracts are currently the most actively traded on CME.
See more news related to gold prices HERE...
