Gold price today 6.4: Heavy loss of up to 4 million VND/tael after a week

SJC gold bar price

At the end of the trading session of the week, DOJI Group listed the price of SJC gold at 97.1-100.1 million VND/tael (buy in - sell out).

Compared to the closing price of last week's trading session (March 30, 2025), the price of SJC gold bars at DOJI decreased by 1.3 million VND/tael for buying and decreased by 600,000 VND/tael for selling.

The difference between the buying and selling prices of SJC gold at DOJI Group is at 3 million VND/tael.

Meanwhile, Saigon Jewelry Company SJC listed the price of SJC gold at 97.1-100.1 million VND/tael (buy in - sell out).

Compared to the closing price of last week's trading session (March 30, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC decreased by 1.3 million VND/tael for buying and decreased by 600,000 VND/tael for selling.

The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 3 million VND/tael.

If buying SJC gold at DOJI Group and Saigon Jewelry Company SJC on March 30 and selling it today (September 6), gold buyers at DOJI Group and Saigon Jewelry Company SJC will both lose 3.6 million VND/tael.

9999 gold ring price

This morning, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 96.7,00.000 VND/tael (buy - sell); down 1.7 million VND/tael for buying and down 600,000 VND/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 3.4 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 97.5-100.5 million VND/tael (buy - sell); down 1.4 million VND/tael for buying and down 400,000 VND/tael for selling compared to the closing price of the previous trading session. The difference between buying and selling is at 3 million VND/tael.

If buying gold rings in the session of March 30 and selling in today's session (September 6), buyers at DOJI will lose 4 million VND/tael, while buyers at Bao Tin Minh Chau will lose 3.4 million VND/tael.

World gold price

At the end of the trading session of the week, the world gold price listed on Kitco was at 3,036.8 USD/ounce, down 47.9 USD/ounce compared to the closing price of the previous trading session.

World gold prices are under pressure at the end of the week as the USD increases strongly. Recorded at 8:30 a.m. on April 6, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 102.770 points (up 0.95%).

Gold price forecast

The latest weekly gold price survey from Kitco News shows that industry experts have given up the strong optimism like last week. Meanwhile, individual investors have only become slightly more optimistic about short-term gold prices, despite a strong sell-off this week.

This week, 16 experts participated in the Kitco News Gold Survey. Wall Street reverses from last week's extremely optimistic view. Five experts (31%) predict gold prices will rise again next week, while eight (50%) see prices continue to fall. The remaining three (19%) see gold prices moving sideways around current lows.

Meanwhile, Kitco's online survey attracted 273 individual investors to participate. The sentiment of retail investors has only decreased slightly compared to last week. 167 people (61%) expect gold prices to rise next week; 70 people (26%) expect prices to fall; the remaining 36 people (13%) expect prices to fluctuate sideways.

Marc Chandler - CEO at Bannockburn Global Forex commented that gold is gradually losing its role as a safe haven asset in the eyes of individual investors when it is sold off in parallel with stocks, although the USD and bond yields are decreasing.

He said the 1.5% reduction this week was just to regain the previous increase. If gold price breaks the mark of 3,054 USD/ounce, it may continue to fall to 3,030 and then 3,000 USD/ounce. According to him, technical indicators are signaling a decrease.

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.

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/ounce mark but only a short and slight adjustment.