Gold price today July 27: Gold rings increase but buyers suffer heavy losses

The price of gold bars at Saigon Jewelry Company - SJC at the end of the week was bought at 119.6 million VND/tael, sold at 121.1 million VND, down 100,000 VND compared to the end of last week. The difference between buying and selling gold bars remained at 1.5 million VND/tael. After only one week, buyers will lose 1.6 million VND/tael.

On the contrary, the price of 4-9 gold rings at SJC Company increased by 300,000 VND after one week, bringing the buying price to 114.5 million VND and the selling price to 117 million VND. The difference between the buying and selling price of gold rings is still at 2.5 million VND/tael, so buyers still lose 2.2 million VND/tael after one week. Thus, although gold rings have increased, buyers lose more than when buying gold bars.

Gold ring price increases but buyers lose more than gold bars (PHOTO: NGOC THANG)

Particularly, gold rings at Bao Tin Minh Chau Company were bought at 116.2 million VND and sold at 119.2 million VND, an increase of 100,000 VND compared to the end of last week and the highest buying and selling price on the market. This is also the unit that maintains the highest difference in buying and selling prices of gold rings at 3 million VND/tael.

The world gold price fell nearly 12 USD after a week, down to 3,336 USD/ounce. The precious metal continued to fall during the week as the US tariff negotiations with many countries are entering the final stages. That made investors less worried and no longer flock to safe assets like gold.

There are mixed opinions when it comes to predicting gold prices next week. Specifically, in a Kitco News survey of 14 analysts, 2 people, or 14%, said gold would rise; 5 people, or 36%, said the precious metal would fall; and 7 analysts, or 50%, predicted that gold prices would remain flat.

Meanwhile, Kitco's online survey of 206 individual investors still showed that the majority of people think that gold will increase again. The results showed that 135 people, equivalent to 66%, predicted that gold prices would increase; 40 people, equivalent to 19%, said that gold would decrease and the remaining 31 investors, equivalent to 15%, thought that gold would go sideways./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2772025-vang-nhan-tang-cao-nhung-nguoi-mua-lo-nang-185250727040241364.htm

Source: https://baolongan.vn/gia-vang-hom-nay-27-7-vang-nhan-tang-cao-nhung-nguoi-mua-lo-nang-a199573.html