Today, the world gold price increased sharply, to 3,488.8 USD/ounce. Domestically, gold prices have been continuously adjusted up by business units.
Recorded at 1:00 p.m. on April 22, the price of SJC gold bars was listed by a number of businesses such as DOJI Group and Bao Tin Minh Chau, Saigon Jewelry Company... at 120.5-122.5 million VND/tael (buy in - sell out).
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116.9-119 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 119.5-122.5 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
In the context of rising gold prices, there are opinions that this precious metal is in the overbought zone and may have reached its peak. Sharing with Lao Dong reporter, Dr. Nguyen Tri Hieu - an economic expert predicted that gold prices could reach 125 million VND/tael in the next 2 months.
In the short term, I think gold prices could reach VND125 million/tael. When it will be achieved, no one knows, but the probability in the next two months is about 60%" - the expert predicted.
According to him, this period is associated with the period when US President Donald Trump extended tariff policies, and the world may experience many new fluctuations, directly affecting the domestic gold market.
In the world market, gold prices are also receiving positive forecasts from experts.
Last week, Mike McGlone - senior commodity strategist at Bloomberg Intelligence commented that gold prices exceeding the 3,200 USD/ounce mark could be just the beginning of another stronger increase, even towards 4,000 USD/ounce. Mike McGlone said that we are witnessing "the beginning of the downward market in the US" and a comprehensive change in the way cash flow operates.
We are building a fairly solid foundation around $3,000. Gold prices will move up to $4,000, it is just a matter of time. What happened in the middle was for speculators, of which I was a part, McGlone said.
Meanwhile, Alex Kuptsikevich - Senior Analyst at FxPro - expects gold to surpass $3,500/ounce in the short term.
Below are details of gold prices listed on the websites of some domestic gold businesses at the time of writing (13:00 on September 22), readers can refer to:
Note: This article is for reference only. Buying gold in the context of high prices and the huge difference between buying and selling poses many potential risks.
Investors need to closely monitor market developments, macroeconomic factors and geopolitical situations to have appropriate investment strategies. Gold speculation activities can not only cause damage to participants but also contribute to market imbalance, causing strong fluctuations and affecting the economy in general.
