Updated SJC gold price
As of 9:20 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND89.6-91.6 million/tael (buy in - sell out), an increase of VND600,000/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 VND89.6-91.6 million/tael (buy - sell), an increase of VND600,000/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.
At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at VND89.8-91.6 million/tael (buy - sell); increased by VND500,000/tael for both buying and selling.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 1.8 million VND/tael.
9999 round gold ring price
As of 9:20 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND91.2-92.2 million/tael (buy - sell); an increase of VND700,000/tael for both buying and selling compared to early this morning.
The difference between buying and selling is at 1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 91.2-92.4 million VND/tael (buy - sell), an increase of 700,000 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 9:20 a.m., the world gold price listed on Kitco was at 2,886.4 USD/ounce, up 17.3 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 9:25 a.m. on March 4, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.515 points (up 0.05%).
Gold and silver prices recorded a very strong increase thanks to increased safe-haven demand due to escalating geopolitical tensions, along with a sharp decline in the USD index when the trading week began.
Market risks have increased since the beginning of the week, following a tense meeting on Friday between US President Donald Trump and Ukrainian President Volodymyr Zelensky, raising concerns about US-Ukraine relations as well as the prospect of a ceasefire between Ukraine and Russia.
Meanwhile, US trade tariffs on Mexico, Canada and China are expected to take effect on Tuesday. Gold prices started the new week with a strong increase after recording the worst trading week in the past three months.
For April gold futures, buyers will still dominate in the short term, but the uptrend on the daily chart has temporarily been disabled. The next target for buyers is to close above a solid resistance level at a contract high of $2,974/ounce.
Meanwhile, the target for the sellers is to push the price below the important support level at 2,800 USD/ounce. The first resistance was at 2,920 USD/ounce, followed by 2,942 USD/ounce. First support was at an overnight low of $2,866.30 an ounce, then $2,850 an ounce.
According to analysis by IG Group (a financial company specializing in providing online trading services, including difference contracts, Forex, stocks, commodities and cryptocurrencies), gold prices are no longer affected by investors' reactions to macroeconomic factors but mainly by physical flows and demand from central banks.
In a report released on Monday, IG analysts said that gold always has a different meaning for each group of investors. Some see gold as a hedge against inflation, others see it as a safe haven.
For many, gold is an alternative to the US dollar or government bonds with interest rates. At eyeQ, our smart models take all those factors into account - inflation expectations, risk appetite (such as the VIX), the USD and real yields, the report wrote.
Currently, these factors point to a reasonable gold price of $2,906 an ounce a gold price that should be achieved under current macro conditions, IG experts said.
See more news related to gold prices HERE...
