At Saigon Gold and Gemstone, the price of SJC gold is currently listed at 79.2-81.7 million dong per tael, down by 700,000 dong per tael for buying and 200,000 dong per tael for selling compared to yesterday. This widens the gap between buying and selling prices to 2.5 million dong per tael. The price of plain gold rings here has decreased by about 200,000 dong per tael to 67.6-68.8 million dong per tael.
At Phu Nhuan Gold, Silver and Gemstone, the price of SJC gold has decreased by 200,000 dong per tael for both buying and selling, currently listed at 79.7-81.7 million dong per tael. The price of plain gold rings here remains stable at 67.7-68.8 million dong per tael.
Meanwhile, at Bao Tin Minh Chau, the price of plain gold rings is unchanged today at 68.12-69.42 million dong per tael. The price of SJC gold has increased by about 200,000 dong to 79.6-81.45 million dong per tael.
DOJI Group is applying a price of 79.4-81.4 million dong per tael for SJC gold and 68.1-69.4 million dong per tael for plain 24k gold rings.
Internationally, gold is being traded at 2,155 USD/ounce. Converted at the USD exchange rate at banks, the world gold price is equivalent to 64.5 million dong per tael, while converted at the USD exchange rate in the free market, it is equivalent to 66.5 million dong per tael.
This week, 11 analysts participated in Kitco News’ gold survey, with 46% of those polled on Wall Street expecting gold prices to decline or remain flat next week. Only 27% forecasted an increase in prices, and the remaining 27% were neutral.
Meanwhile, 194 votes were cast in Kitco’s online polls, with the majority of Main Street investors still predicting gold prices to rise next week. Out of the 194 voters, 110 individual traders, accounting for 56%, expect gold to rise next week. 54 others, equivalent to 29%, predict prices will be lower; while 30 respondents, equivalent to 15%, have a neutral view on the short-term outlook for gold.
