SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 182-185 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 1), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 2 million VND/tael in both directions.
Meanwhile, DOJI listed SJC gold price at 182-185 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 1), the price of SJC gold bars at DOJI decreased by 2 million VND/tael in both directions.
If buying SJC gold bars on March 1st and selling them on today's session (March 8th), buyers at Saigon SJC and DOJI Jewelry Company will lose 5 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 182-185 million VND/tael (buying - selling), down 1.8 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 182-185 million VND/tael (buying - selling), down 1.8 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
If buying gold rings on March 1st and selling them today (March 8th), buyers at DOJI and Phu Quy will lose 4.8 million VND/tael.
The significant profit difference between business units mainly stems from differences in the timing of price adjustments during the Lunar New Year holiday.
World gold price
Closing the weekly trading session, world gold prices were listed at 5,172 USD/ounce, down 106.2 USD compared to a week ago.
Gold price forecast
Kitco's latest weekly gold survey shows that Wall Street experts have not yet reached a clear consensus on the short-term trend of gold prices, while the optimistic sentiment of individual investors has returned to the average level after a week of weakening precious metals.
Among the 18 experts participating in the survey, 9 people (50%) predict that gold prices may continue to increase next week. Meanwhile, 4 experts (22%) believe that prices may decrease, and 5 people (28%) believe that the market is in a balanced state as risk increases and decreases are relatively equal.
In the opposite direction, individual investors still maintain a more positive sentiment. Kitco's online survey of 340 participants showed that 62% of small traders believe that gold prices will increase next week, 16% forecast prices to decrease and 22% believe that the market may move sideways.
According to Kitco, the gold market has just experienced a less positive trading week as the precious metal could not maintain its "safe haven" role as expected. Gold prices once surged to around $5,400/ounce after geopolitical tensions in the Middle East, but the rapid increase was blocked when many traders took advantage of profit-taking.
Experts believe that price increases due to safe-haven factors are often only short-term. When initial concerns subside, the market often returns to focus on macroeconomic factors such as interest rates, currency fluctuations and policy prospects of the US Federal Reserve (Fed).
In addition, the strengthening USD and the expectation that the Fed is not in a hurry to ease monetary policy in the short term are also creating certain pressure on gold prices.
On the supporting side, some recent US economic data has increased expectations about the possibility that the Fed will soon have to cut interest rates to support the economy. According to Mr. Jeffrey Roach - chief economist of LPL Financial, the US labor market is showing signs of stagnation after a period of weak growth in 2025. If the weakening momentum continues to increase, the Fed may have to consider cutting interest rates sooner than expected.
In the context of reduced interest rate prospects and global economic risks still present, many experts believe that the demand for holding gold as a risk hedging asset may continue to be maintained in the coming time.
Gold price data is compared to a week earlier.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
See more news related to gold prices HERE...
