SJC gold bar price
As of 9:50 am, SJC gold bar prices were listed by DOJI Group at the threshold of 162-165 million VND/tael (buying - selling), down 1.6 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.
Bao Tin Minh Chau website this morning announced an error, not updating the price of SJC gold bars.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 162-165 million VND/tael (buying - selling), down 1.6 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.
9999 gold ring price
As of 9:50 am, DOJI Group listed gold ring prices at the threshold of 162-165 million VND/tael (buying - selling), down 1.6 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.
Bao Tin Minh Chau website this morning announced an error, not updating gold ring prices.
Phu Quy Jewelry Group listed gold ring prices at the threshold of 162-165 million VND/tael (buying - selling), down 1 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.
Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:50 am, world gold prices were listed around 4,545.2 USD/ounce, down 63.3 USD compared to the previous day.
Gold price forecast
World gold prices are under strong downward pressure in the context of a series of unfavorable macroeconomic factors appearing at the same time. US bond yields increase, the USD strengthens and oil prices rise have weakened the attractiveness of precious metals, despite geopolitical risks remaining high.
Recorded in the first session of the week, spot gold prices at times retreated to around 4,513 USD/ounce, down more than 2% compared to before. The day's fluctuation range is quite wide, showing that market sentiment is still strongly fluctuating. In the same direction, silver prices also fell deeply by more than 3%, reflecting widespread selling pressure on the precious metals market.
US economic data continues to strengthen investors' cautious views. Factory orders in March increased beyond expectations, while the manufacturing PMI index remained above the 50-point mark for the fourth consecutive month. These signals reduce the possibility that the US Federal Reserve (Fed) will soon cut interest rates, thereby increasing the opportunity cost of holding gold - an unprofitable asset.
Meanwhile, oil prices rose sharply due to tensions in the Middle East, especially the risk of supply disruption through the Strait of Hormuz, raising concerns about inflation returning. This pushed bond yields higher, continuing to put pressure on gold prices in the short term.
Heraeus experts believe that the Fed currently does not have clear momentum to ease monetary policy as the economy remains stable. Keeping interest rates at high levels for a long time may put gold under further adjustment pressure.
However, from a long-term perspective, many opinions still maintain a positive view on precious metals. Mr. Nitesh Shah - Head of Commodity and Macro Research at WisdomTree believes that short-term fluctuations do not change the fundamental foundation of the market.
According to him, the risk of policy errors by central banks, along with inflationary pressure and the risk of recession, will continue to support gold prices. "Even in negative scenarios, gold's downward room is not large, while the upward potential still prevails," he said.
This expert predicts that gold prices may head towards the 5,500 USD/ounce mark in early 2027, thanks to sustainable investment demand and shelter roles in the context of a volatile global economy.
Gold price data is compared to the previous day.
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