SJC gold bar price
As of 9:30 am, SJC gold bar prices were listed by DOJI Group at 167.5-171.5 million VND/tael (buying - selling), down 6.5 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 167.5-171.5 million VND/tael (buying - selling), down 6.5 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 167.5-171.5 million VND/tael (buying - selling), down 6.3 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
9999 gold ring price
As of 9:30 am, DOJI Group listed the price of gold rings at 167.5-171.5 million VND/tael (buying - selling), down 6.5 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 167.5-171.5 million VND/tael (buying - selling), down 5.5 million VND/tael on the buying side and down 4.5 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 167.5-171 million VND/tael (buying - selling), down 6 million VND/tael on the buying side and down 5.5 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 3.5 to 4 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:38 am, world gold prices were listed around the threshold of 4,726.9 USD/ounce, down 88.8 USD compared to the previous day.
Gold price forecast
According to Kitco, world gold prices are under adjustment pressure as they simultaneously face many opposing pulling forces. Geopolitical tensions in the Middle East should support the shelter role of precious metals, but reality shows that gold cannot make a sustainable breakthrough.
The reason is that the upward momentum of energy prices is raising concerns about inflation returning, thereby making the market lean towards the possibility of interest rates remaining at a higher level for longer.
This context increases the opportunity cost when holding gold - an asset that does not generate periodic cash flow. According to Ms. Indrani De, Head of Global Investment Research at FTSE Russell, gold still benefits from geopolitical instability, but investors need to distinguish between long-term support and short-term pressure.
She believes that when interest rates rise or expectations of high interest rates are anchored, the attractiveness of gold will be somewhat eliminated due to higher holding costs.
Also according to this expert, gold is no longer operating completely as a traditional safe haven asset. After a period of strong increase to the peak, the precious metal is increasingly showing the characteristics of a financial asset, more sensitive to market liquidity and profit-taking pressure.
However, Ms. Indrani De still assesses that gold continues to play an important role in the defense portfolio, especially when the risk of inflation is gradually becoming apparent. According to her, the rise in oil prices reflects inflationary pressure, while the weak development of the USD shows concerns about slow growth - a signal that cannot be underestimated for the commodity market.
Another factor supporting gold is buying power from the central bank. China continues to increase gold reserves for the 17th consecutive month, showing that long-term accumulation demand from the official sector has not yet weakened. This is considered an important support for gold prices in strong fluctuations.
From a technical perspective, expert Jim Wyckoff believes that the 5,000 USD/ounce mark is still an important resistance level that buyers need to conquer to consolidate the upward trend. Conversely, the 4-300 USD/ounce zone plays a strong supporting role in the short term.
In the current context, gold prices are forecast to still fluctuate strongly, but the long-term trend is still supported by the need to hedge against risks and global economic instability.
Gold price data is compared to the previous day.
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