The week ended with a very strong increase.

(NLĐO) – SJC gold bar and gold ring prices closed the week with a sharp increase, with gold bars approaching 89 million VND/ounce.

On January 26th, the price of gold was listed by businesses at 86.8 million VND/ounce for buying and 88.8 million VND/ounce for selling, an increase of approximately 2 million VND/ounce compared to the end of last week. This is a very strong increase and marks the 5th consecutive week of rising gold prices, totaling about 5 million VND/ounce.

At this time, banks and some companies begin their Lunar New Year holiday. Gold prices fluctuate and vary between different gold trading businesses.

A rather unexpected development is that on the free market, SJC gold bars are trading at a lower price compared to other brands, around 86.7 million VND/ounce for buying and 87.5 million VND/ounce for selling.

Similarly, gold prices also surged for 99.99% pure gold rings and gold jewelry. PNJ and SJC companies bought plain gold rings at 86.3 million VND/ounce and sold them at 88 million VND/ounce; some other gold shops traded gold rings at 87 million VND/ounce and 88.5 million VND/ounce. Compared to the end of last week, the price of gold rings increased by approximately 1.5 million VND/ounce.

Gold prices rose sharply today, marking the beginning of a new week.

Domestic gold prices continue to rise as global prices head towards all-time highs. At the close of the trading week, world gold prices settled at $2,771 per ounce, an increase of $70 per ounce compared to the end of the previous week (equivalent to nearly 800,000 VND per tael).

This week, gold prices briefly hovered just a few dollars away from their all-time high of $2,790 per ounce as investors poured capital into the precious metal. A notable development is that, despite a series of consecutive weeks of gains, reaching their highest levels in several months, gold prices are expected to continue rising. Both analysts and investors predict that gold prices will hold surprises this Lunar New Year, according to a Kitco survey.

Specifically, in a Wall Street survey of 10 analysts, 80% predicted higher gold prices in the coming days. Only 10% predicted a decrease, and the remaining 10% believed prices would remain stable.

Gold prices today reached their highest level in several weeks.

Similarly, in an online survey on Main Street, 169 investors participated, with 70% predicting that gold prices would rise, only 15% forecasting a decrease, and the remainder predicting prices would remain stable.

This week, the international market will see a lot of economic news influencing world gold prices, such as interest rate decisions by the US Federal Reserve (FED), the European Central Bank (ECB), and reports on US consumer confidence and US home sales. The outcomes of these meetings will impact world gold prices. In the domestic market, although it's the Lunar New Year holiday this week, gold prices are expected to fluctuate in line with world prices.

Currently, the world gold price, converted according to the listed exchange rate, is approximately 84.5 million VND per tael.

Source: https://nld.com.vn/gia-vang-hom-nay-26-1-chot-tuan-tang-rat-manh-196250126074344764.htm