SJC gold bar price
Recorded at 9am, SJC gold price was listed by DOJI Group at 77-79 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI decreased by 1.3 million VND/tael of buying and decreased by 800,000 VND/tael of selling.
The difference in buying and selling price of SJC gold at DOJI increased from 1.5 million to 2 million VND/tael. This threshold is quite high, causing investors to face the risk of loss.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 77-79 million VND/tael (buy - sell); Reduced 1.3 million VND/tael of afternoon tea purchased and decreased 800,000 VND/tael of afternoon tea sold compared to the beginning of the previous trading session.
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company also increased to 2 million VND/tael.
The price of gold bars has dropped sharply, combined with the high buy-sell difference, causing investors to suffer heavy losses when investing in short-term. If an investor buys gold on July 30 at the price of 79 million VND/tael and sells it today, they will earn a loss of up to 2 million VND/tael. This is also the loss investors face when buying at Saigon Jewelry Company.
Gold ring price 9999
As of 9am, the price of 9999 Hung Thinh Vuong round gold ring at DOJI Jewelry Group was listed at 76.25-77.45 million VND/tael (buy - sell); Reduced 150,000 VND/tael of afternoon tea purchased, reduced 100,000 VND/tael of afternoon tea sold.
Saigon Jewelry Company lists gold ring prices at 76.15-77.45 million VND/tael (buy - sell); Keep the purchase price unchanged, reduce 100,000 VND/sale price.
Bao Tin Minh Chau listed the gold ring price at 76.28-77.48 million VND/tael (buy - sell); decreased by 40,000 VND/tael compared to the beginning of the previous trading session.
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 9:00 a.m., the world gold price listed on Kitco was at 2,411.6 USD/ounce; down 10 USD/ounce compared to the beginning of yesterday's trading session.
Gold price forecast
World gold prices decrease when the USD index increases. Recorded at 9:00 a.m. on August 6, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 102,560 points (up 0.07%).
Last night, the precious metal was sold off, plummeting to a price of 2,364 USD/ounce. This is the strongest selling since 2022 because of growing concerns about an impending recession in the US. Gold then recovered strongly and regained the resistance level of 2,400 USD/ounce.
Despite the decline, experts believe that, in the long term, factors supporting gold prices include persistent economic and political instability as well as expectations that the US Federal Reserve (FED) will cut interest rates. interest rates will help gold regain its upward momentum quickly.
Market analyst Han Tan of Exinity Group said that rising geopolitical tensions and recent hopes of the FED cutting interest rates further will create supportive conditions for gold. Ultimately, gold will be able to reach new record highs when current worries subside.
