SJC gold bar price
As of 9:10 am, SJC gold bar prices were listed by DOJI Group at 163-166 million VND/tael (buying - selling), down 3 million VND/tael on the buying side and down 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 163-166 million VND/tael (buying - selling), down 3.3 million VND/tael on the buying side and down 2.8 million VND/tael on the selling side. 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 163-166 million VND/tael (buying - selling), down 3 million VND/tael on the buying side and down 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 9:10 am, DOJI Group listed gold ring prices at 163-166 million VND/tael (buying - selling), down 2.5 million 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 the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), down 2.8 million 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 162.5-165.5 million VND/tael (buying - selling), down 3 million 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 2.5 to 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:10 am, world gold prices were listed around 4,598.6 USD/ounce, down 79.8 USD compared to the previous day.
Gold price forecast
According to Kitco, gold prices are under short-term adjustment pressure as the USD strengthens, US Treasury bond yields remain high and expectations that the US Federal Reserve (Fed) is not in a hurry to cut interest rates. These factors increase the opportunity cost of holding gold - an unprofitable asset.
Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank - said that the current downward trend of gold is mainly cyclical and has not changed the long-term trend. According to him, rising energy prices, persistent inflation and the view "high interest rates last longer" are creating an unfavorable environment for precious metals in the short term.
However, gold supporting factors such as central bank reserve demand, fiscal risk and geopolitical instability are still present.
Technically, the 4,550 USD/ounce zone is considered a near support for gold prices, followed by 4,500 USD/ounce. If selling pressure increases, the price may fall further. Conversely, to regain the upward momentum, gold needs to overcome the 4,700 USD/ounce resistance zone, followed by the 4,745 USD/ounce area.
The World Bank believes that the outlook for gold and silver prices still contains many fluctuations due to dependence on global risk sentiment, speculative demand and macroeconomic developments. The agency forecasts that the average gold price this year may be around 4,700 USD/ounce, but does not rule out the possibility of adjustment if inflation increases sharply, geopolitical tensions cool down, or buying pressure from central banks slows down.
For silver, the risk is rated higher because this metal depends heavily on industrial demand and investment cash flow. In the event that the global economy slows down, silver may fluctuate more strongly than gold.
In general, analysts believe that the long-term upward trend of gold has not been broken, but investors need to be cautious with short-term fluctuations, especially when the buying-selling spread in the country is still high.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
