Update SJC gold price
As of 10:00 a.m., the price of SJC gold bars was listed by DOJI Group at 82-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI remained the same for buying and decreased by 200,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 3.8 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 82-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in the buying price and decreased by VND 200,000/tael in the selling price.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3.8 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 82.3-85.8 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau remained the same for buying and decreased by 200,000 VND/tael for selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 3.5 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
Price of round gold ring 9999
As of 10am today, the price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 83.35-85.15 million VND/tael (buy - sell); an increase of 550,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 83.32-85.12 million VND, an increase of 240,000 VND/tael for buying and an increase of 40,000 VND/tael for selling compared to early this morning.
World gold price
As of 10:10 a.m., the world gold price listed on Kitco was at 2,684.4 USD/ounce, down 12.4 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell as the USD index rose. Recorded at 10:12 a.m. on November 9, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.890 points (up 0.5%).
After the fall on November 7, many people expected the gold price to recover soon due to the wave of gold buying. However, the recovery is facing obstacles due to US economic data.
The University of Michigan said Friday that its preliminary survey of consumer sentiment rose to 73 in November. That was a seven-month high and up from October's final reading of 70.5. The data was better than expected, as economists had predicted a smaller increase of just 71.
Gold is under some selling pressure after the release of US economic data.
However, Ryan McIntyre - an expert at Sprott believes that in the long term, gold prices will increase thanks to supporting factors such as the devaluation of the USD and the unstable financial situation of many Western countries. Investors believe that under President Donald Trump, many economies will have to be very "cautious".
Tensions in the Middle East have not cooled down. Meanwhile, the World Gold Council said that global physical gold exchange-traded funds saw capital inflows in October, for the sixth consecutive month. Many forecasts say that gold will reach $3,000 an ounce in 2025.
Brian Lan, CEO of Singapore-based dealer GoldSilver Central, said that in the long term, gold prices will still rise. However, in the short term, if prices fall to $2,643 an ounce, the next support level will be $2,620-2,520 an ounce, he said.
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