SJC gold bar price
At the end of the weekly trading session, DOJI Group listed the price of SJC gold at 87.5-89.5 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, gold price at DOJI increased by 500,000 VND/tael for both buying and selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 87.5-89.5 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the gold price at Saigon Jewelry Company SJC increased by 500,000 VND/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.
Last week, the price of SJC gold increased, but investors still suffered losses. If they bought gold at DOJI Group on October 27 at VND89 million/tael and sold it today (November 3), investors would lose 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 buying and selling gold prices is listed at around 2 million VND/tael. Experts say that 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 88-89 million VND/tael (buy - sell); an increase of 100,000 VND/tael for both buying and selling compared to the closing price of last week's trading session.
Bao Tin Minh Chau listed the price of gold rings at 87.98-88.98 million VND/tael (buy - sell); increased by 100,000 VND/tael for buying and kept the same for selling compared to the closing price of last week's trading session.
After a slight increase in the week, if buying gold rings in the session of October 27 and selling in today's session (November 3), the loss that investors will have to accept when buying at DOJI and Saigon Jewelry Company is VND900,000/tael and VND1 million/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 2,736.4 USD/ounce, down 10.8 USD/ounce compared to the close of the previous week's trading session.
Gold Price Forecast
World gold prices fell as the USD index rose. Recorded at 6:00 a.m. on November 3, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104,200 points (up 0.32%).
The latest Kitco News weekly gold survey shows bearish sentiment from both industry professionals and retail traders, with recent pullbacks and election uncertainty clearly weighing on the metals market.
Seventeen analysts participated in the Kitco News gold survey this week. Nine analysts see gold prices rising next week, while six see prices falling. Two analysts see gold trading sideways, saying they are waiting to see what the U.S. election and the Federal Reserve's next move will bring.
There were 139 investor votes cast in Kitco’s online poll. The majority of investors see gold prices trending higher next week, although many votes were cast before the October 31 sell-off.
85 traders expect gold prices to rise next week. Another 31 expect the precious metal to fall. The remaining 23 investors see gold prices moving sideways next week.
Economic data to watch next week
Monday: Reserve Bank of Australia monetary policy decision.
Tuesday: Institute for Supply Management (ISM) purchasing managers index (PMI), US presidential and congressional elections.
Thursday: Bank of England monetary policy decision, US weekly jobless claims, US Federal Reserve monetary policy decision.
Friday: University of Michigan Consumer Psychology Preliminary.
See more news related to gold prices HERE...
