Gold price today 11/9: Loss of 3.4 million VND/tael after a week

Khương Duy |

Gold price today 11/9: Although gold prices last week were basically flat, investors still suffered heavy losses because the difference between buying and selling was too high.

SJC gold bar price

At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 146.4-148.4 million VND/tael (buy in - sell out).

Compared to the closing price of the previous trading session (November 2, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC remained unchanged in both directions. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold bar price movements in recent sessions. Chart: Phan Anh

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 146.9-148.4 million VND/tael (buy in - sell out).

Compared to a week ago, the price of SJC gold bars was kept unchanged by Bao Tin Minh Chau in both directions. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 1.5 million VND/tael.

If buying SJC gold at Saigon Jewelry Company SJC and Bao Tin Minh Chau in the session of November 2 and selling it in today's session (November 9), buyers will lose VND2 million and VND1.5 million/tael respectively.

Bang: Khuong Duy
Table: Khuong Duy

9999 gold ring price

Bao Tin Minh Chau listed the price of gold rings at 145.8-148.8 million VND/tael (buy - sell); down 400,000 VND/tael in both directions. The difference between buying and selling is at 3 million VND/tael.

Dien bien gia vang nhan nhung phien gan day. Bieu do: Phan Anh
Gold ring price developments in recent sessions. Chart: Phan Anh

Phu Quy Gold and Stone Group listed the price of gold rings at 145.4-148.4 million VND/tael (buy in - sell out), unchanged in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.

If buying gold rings in the session of November 2 and selling in today's session (November 9), buyers at Bao Tin Minh Chau will lose 3.4 million VND/tael. Meanwhile, the loss when buying in Phu Quy was 3.8 million VND/tael.

Bang: Khuong Duy
Table: Khuong Duy

World gold price

At the end of the trading session of the week, the world gold price was listed at 4,001.2 USD/ounce, almost unchanged compared to a week ago.

Dien bien gia vang the gioi nhung phien gan day. Bieu do: Phan Anh
World gold price developments in recent sessions. Chart: Phan Anh

Gold price forecast

The latest weekly gold survey by an international financial information platform shows that many experts believe that the long-term upside prospects for this precious metal are still firmly maintained.

This week, 21 Wall Street experts participated in the gold price survey. Of these, 13 people (59%) are neutral on the short-term gold price trend. At the same time, 7 experts (32%) predicted that gold prices would increase next week, while only 2 people (9%) said that prices would decrease.

For small investors, the online survey on social networks recorded 221 votes. Of these, 123 (15.7%) expect gold prices to rise next week. In contrast, 39 people (17.6%) predict prices will decrease, while 59 people (26.7%) believe the market will move sideways in the short term.

The latest report from UBS Bank (Sweden) emphasizes that "the current pullback is only temporary" and gold is still on the path to 4,200 USD/ounce in the short term, with the scenario of expanding to 4,700 USD/ounce if geopolitical risks increase.

UBS strategist Sagar Khandelwal believes that lower real interest rates, a weaker US dollar and increased public debt will be a catalyst to take gold prices further in 2026.

The US bank Goldman Sachs is even more daring, forecasting a potential peak of 5,055 USD/ounce by the end of 2026, equivalent to an increase of more than 25% compared to the present.

Meanwhile, Bank of America (USA) and Societe Generale (France) both believe that gold prices could surpass the 5,000 USD/ounce mark, especially as safe-haven demand and net buying from central banks continue to increase strongly.

ING Bank (Netherlands) added a long-term perspective: Although prices have adjusted, macro factors still support the upward trend next year. Central bank demand for gold, along with the possibility of the Fed starting to cut interest rates in the first quarter of 2026, will stimulate capital flows back.

ING expects gold prices to average $4,000/ounce in the fourth quarter of 2025, increase to $4,100/ounce in the first quarter of 2026, and may expand the increase range in the second half of the year.

In another development, the People's Bank of China (PBOC) continued to increase gold reserves in October, marking the 12th consecutive month of buying. As of the end of October, the PBOC held 74.09 million ounces of gold, up slightly from 74.06 million ounces in September and 1.8% above the same period last year. The value of gold reserves reached 297.21 billion USD, up from 283.29 billion USD last month.

See more news related to gold prices HERE...

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