Updated SJC gold price
As of 9:50 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND89-91 million/tael (buy in - sell out), an increase of VND500,000/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
Meanwhile, the price of SJC gold bars was listed by DOJI Group at 89-91 million VND/tael (buy - sell), an increase of 500,000 VND/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at 89.3-91 million VND/tael (buy - sell); increased by 700,000 VND/tael for buying and increased by 500,000 VND/tael for selling.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 1.7 million VND/tael.
9999 round gold ring price
As of 9:30 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 90.5-91.5 million VND/tael (buy - sell); an increase of 500,000 VND/tael for both buying and selling compared to early this morning.
The difference between buying and selling is at 1.1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 90.5-91.7 million VND/tael (buy - sell), an increase of 400,000 VND/tael for both buying and selling compared to early this morning.
The difference between buying and selling is at 1.2 million VND/tael.
World gold price
As of 9:45 a.m., the world gold price listed on Kitco was at 2,869.1 USD/ounce, up 11 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold prices recovered slightly in the context of the USD decreasing. Recorded at 9:45 a.m. on March 3, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 107.130 points (down 0.4%).
According to Kitco - after many weeks of optimistic forecasts, most experts have made negative comments about the short-term outlook for gold prices.
Adrian Day - chairman of Adrian Day Asset Management, commented that gold prices will continue to decrease. There is no reason to think that this profit-taking correction will not last for a while longer. But we need to remember that so far, gold has only fallen less than 4% from its peak, after rising 12% this year, he said.
This expert warned that when the gap between New York and London gold prices disappears, gold prices may continue to decline. However, the underlying factors driving gold demand over the past two years have remained intact, so any deep decline that could fall to a low of $2,600/ounce is short-lived.
Marc Chandler - CEO of Bannockburn Global Forex, predicted that gold will continue to correct in the short term. He said gold hit a record $2,956 an ounce on February 24 before falling under profit-taking pressure and is now trending like a risky asset rather than a safe haven.
Chandler said gold is set to close below the 20-day moving average, with initial support around $2,814/ounce, if it breaks through, it could fall to $2,770/ounce. He recommends that traders be cautious when catching the bottom until there is a clear reversal signal.
Marc Chandler - CEO of Bannockburn Global Forex, predicted that gold will continue to adjust down in the short term. He said gold hit a record $2,956 an ounce on February 24 before falling under profit-taking pressure and is now trending like a risky asset rather than a safe haven.
In the latest report, Lina Thomas - an analyst at Goldman Sachs Research predicted that gold prices will increase by 8% in 2025, reaching an all-time high of 3,100 USD/ounce. Previously, the analysis team only predicted that gold prices would reach $2,890/ounce.
The new forecast is being raised by higher-than-expected demand for gold from central banks, especially after the Russian central banks assets were frozen in 2022, Goldman Sachs wrote.
In addition to strong demand from central banks, Goldman Sachs Research also expects capital flows into gold ETFs to increase as interest rates fall, making gold more attractive to investors.
However, this factor may be somewhat affected by speculators reducing their net buying position in the gold futures market. Currently, net buying position is still very high as concerns about prolonged tariffs from the US President Donald Trump administration force investors to seek safe-haven assets such as gold, said an expert at Goldman Sachs.
However, uncertainty related to tariffs, geopolitical risks or concerns about government debt levels may cause speculators to continue to increase their buying position. This scenario could push gold prices to $3,300 an ounce by the end of 2025, Thomas wrote in the report.
See more news related to gold prices HERE...
