Saigon Gold and Jewelry Company listed the price of SJC gold at 76.6 – 78.8 million VND per tael for buying – selling. The buying – selling difference is maintained at 2.2 million VND per tael.
Doji Group listed the price of SJC gold at 76.45 – 78.85 million VND per tael. The buying – selling difference is at 2.4 million VND per tael.
Bao Tin Minh Chau Company listed the price of SJC gold at 76.8 – 78.6 million VND per tael for buying – selling. The buying – selling difference is at 1.9 million VND per tael.
The price of plain round rings is at 64.68 – 65.78 million VND per tael for buying – selling. The buying – selling difference is at 1.1 million VND per tael. The price of gold rings is still below the peak but has a stable increase compared to SJC gold.
The price of gold rings is approaching the 66 million VND per tael mark.
At the same time, the world gold price is at 2,030 USD/ounce, a decrease of 5 USD/ounce compared to yesterday morning. Converted at the current exchange rate, the world gold price is about 61 million VND per tael, not including taxes and fees.
Analysts believe that the firmness of the Federal Reserve’s monetary policy meeting minutes just announced does not have a strong impact on the gold price, helping the price momentum of gold to remain strong. In this minutes, the Fed signaled that their monetary policy has peaked but they are not in a hurry to cut interest rates. Therefore, gold is facing a lot of pressure but continues to consolidate above 2,000 USD/ounce.
Last week, 11 analysts participated in the gold survey conducted by Kitco News and Wall Street. The results showed that 73% of analysts predicted that gold prices would increase in the future. Only 9% of analysts predicted that prices would decrease and the remaining 18% believed that gold prices would remain flat.
204 votes were cast in Kitco’s online polls. The results showed that 89 retail investors, accounting for 43%, believed that gold prices would increase in the future. 52 others, equivalent to 26%, predicted that prices would decrease and the remaining 63 people, equivalent to 31%, believed that gold prices would remain flat.
Domestic opinions believe that, in the context of rising world gold prices, the State Bank has not yet amended the decree regarding SJC gold, so domestic gold prices are likely to continue to increase strongly.
