SJC gold bar price continues to increase, experts make surprising predictions

(NLDO) – The price of SJC gold bars continues to rise but is forecast to be difficult to increase dramatically in the coming days.

On the morning of November 29, SJC Gold Company listed the buying price of SJC gold bars at 83.1 million VND/tael and the selling price at 85.6 million VND/tael, an increase of 300,000 VND per tael compared to yesterday.

The price of SJC gold bars varies among businesses. DOJI Group buys gold bars at VND82.9 million/tael and sells at VND85.4 million/tael. ACB Bank raises the buying price of gold bars to VND83.9 million/tael, while the selling price is the same as DOJI and PNJ.

The price of gold bars continued to increase, while the price of 99.99 gold rings stagnated. This morning, SJC Gold Company traded plain gold rings at VND82.5 million/tael for purchase and VND84.4 million/tael for sale, stable compared to yesterday.

SJC gold bar price continues to increase

Some companies such as Mi Hong raised the buying price of plain gold rings to 83.5 million VND/tael and selling price to 84.5 million VND/tael.

In recent days, domestic gold prices have fluctuated quite closely with the world . In the international market, at 9:00 a.m. Vietnam time, today's gold price was traded at 2,646 USD/ounce, stable compared to yesterday.

Gold prices have stagnated as the US market enters the Thanksgiving holiday. Commenting on the upcoming gold price trend, gold expert Phan Dung Khanh said that the upward trend of gold will hardly change dramatically after the recent period of rapid increase. Because many supporting factors such as the US presidential election have been reflected in the price; the USD continues to maintain a strong upward momentum in the market - contrary to expectations that the US Federal Reserve (FED) will reduce interest rates, causing the USD to decline.

"The purchase of gold by central banks of countries, especially China, has stopped for many months, showing that institutional investors have begun to shift money away from gold.

Tensions in the Middle East have also begun to show positive signs of a ceasefire agreement... In the short term, gold prices may decrease or remain stable, but it is unlikely to increase sharply," said Mr. Phan Dung Khanh.

With this forecast, domestic gold prices, both SJC gold bars and 99.99 gold rings, will find it difficult to return to the 90 million VND/tael range in the short term.

Not to mention, the price of SJC gold bars also depends on the gold management policy of the management agency, in addition to fluctuations according to world prices.

Currently, the world gold price converted according to the listed exchange rate is about 81.2 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-tang-tiep-chuyen-gia-du-bao-bat-ngo-196241129093431092.htm