Updated SJC gold price
As of 8:45 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 97.1-101.1 million VND/tael (buy - sell), down 2.3 million VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 97.1-101.1 million VND/tael (buy - sell), down 2.3 million VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 97.2-101.1 million VND/tael (buy - sell), down 2.2 million VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling prices is at 2.9 million VND/tael.
9999 round gold ring price
As of 9:15 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 96.7-101.1 million VND/tael (buy - sell), down 2 million VND/tael for buying and down 800,000 VND/tael for selling. The difference between buying and selling is listed at 4.4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 97.5-100.5 million VND/tael (buy - sell), down 1.9 million VND/tael for buying and down 1.7 million VND/tael for selling. The difference between buying and selling is 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed to an excessively high level, causing risks for individual investors to increase.
In the context of many fluctuations in the world gold market, the large difference between buying and selling in the domestic market is a clear warning sign. If gold prices turn down, buyers will face a huge loss. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 8:45 a.m. on April 5, the world gold price listed on Kitco was around 3,036.8 USD/ounce, down 71.4 USD/ounce compared to the beginning of the trading session yesterday morning.
Gold price forecast
Despite high risk concerns this weekend, safe-haven metals are facing profit-taking pressure and weak buying positions from short-term futures traders.
According to Standard Chartered analyst Suki Cooper, gold is operating in the right historical trend. He added that it is unusual for gold to sell off after a risky event given its role in the portfolio.
Rich Checkan - Chairman and COO of Asset Strategies International believes that gold prices will increase next week.
According to him, the recent sell-off was due to investors needing cash to meet deposit calls after the stock market collapsed due to tax repayment.
He believes that next week, investors will take advantage of buying cheap gold and silver, helping prices recover from this temporary decline.
Colin Cieszynski - Director of Market Strategy at SIA Wealth Management has a pessimistic view in the short term.
He said that gold has increased sharply before the tariff information, so many traders can take profits, leading to a short-term adjustment. However, he is still optimistic about the medium-term trend as there are still uncertainties supporting gold.
Adrian Day - Chairman of Adrian Day Asset Management said that gold prices may continue to decline in the next few days, possibly falling around the $3,000 mark but only a short and slight adjustment.
He stressed that the factors supporting gold over the past two years have not only not been lost but have become more obvious. Although prices have increased sharply this year, gold is still not widely available, especially in North America. Therefore, he predicted that gold prices will decrease next week but will increase sharply in the rest of the year.
Senior analyst Matt Simpson of City Index said that, despite the fluctuations, gold is still a safe haven for many investors... I think the decline could be limited from now and I expect gold prices to hold around $3,080/ounce at the present time.
See more news related to gold prices HERE...
