A week of gold price fluctuations like a roller coaster, experts warn

(Dan Tri) - Rising, falling, then rising again… world and domestic gold prices have just experienced a week of strong fluctuations. Experts have issued a noteworthy warning.

According to calculations, compared to the buying and selling prices on October 18, today, if anyone bought SJC gold bars, they would have suffered a loss of 4.5 million VND/tael, and if they bought gold rings, they would have suffered a loss of up to 5 million VND/tael.

Gold buyers lost 5 million VND/tael last week

On October 17, the price of gold suddenly turned around and dropped sharply. In the world , after breaking out from below 4,200 USD to a historical peak of 4,380 USD/ounce, the price of gold plummeted rapidly, at one point losing up to 160 USD (nearly 3.7%) to the threshold of 4,215 USD/ounce - the sharpest decline after 10 consecutive sessions of increase.

Domestic prices also adjusted accordingly. During the week, SJC gold bar prices lost the 150 million VND/tael mark, then recovered.

As of this morning (October 25), the price of SJC gold and gold rings has decreased again after recovering in the previous session, listed at 146.5-148.5 million VND/tael (buy - sell).

Specifically, the price of SJC gold bars is currently listed at 146.5-148.5 million VND/tael (buy - sell), down 1 million VND/tael in both buying and selling compared to the previous closing price. The difference between buying and selling is 2 million VND/tael.

Gold rings are being traded at 145.4-147.9 million VND/tael (buy - sell), down sharply in both directions compared to the previous session's close. The difference between buying and selling is 2.5 million VND.

A week of strong gold fluctuations, buyers narrowed losses to 5 million VND/tael (Photo: DT).

Although prices fluctuate erratically, Dan Tri reporters observed at a large store in Ho Chi Minh City this morning that people lining up no longer existed. A representative of SJC Company also said that there were no cases of people bringing gold out to sell.

Experts say that domestic gold supply is still limited, so there are still many people waiting to buy and accumulate.

Experts warn gold investors should get used to volatility

In the world, the spot gold price closed in the US market early this morning, October 25 (Vietnam time) at around 4,110 USD/ounce, down 16 USD/ounce compared to the previous closing price in this market.

Gold prices ended a nine-week winning streak as they faced heavy selling pressure after hitting record highs in recent weeks, according to Kitco News. The precious metal fell 5.4% at the start of the week, marking its biggest one-day drop in years.

The drop coincided with significant investor outflows from gold ETFs, which saw their biggest one-day holding decline in five months.

However, gold prices are still up about 55% year to date, with ongoing trade tensions providing fundamental support. Geopolitical risks remain after the US imposed new sanctions on Russia to pressure Moscow to cease fire in Ukraine.

Experts say that although the sudden drop in prices has made some investors worried, this adjustment is a necessary step in a gold market that is expected to grow strongly.

Experts warn investors should get used to fluctuations in gold prices (Photo: EconomicTradings).

Forecasting the world gold price trend, most organizations predict that the world gold market will remain on an upward trend in the medium and long term, due to the huge demand for this commodity, coming from central banks of countries, gold ETF funds, financial institutions and individuals.

Market analyst Robert Minter asserted that in the short term, although gold has fallen sharply, the long-term trend will still be upward. Minter also emphasized that investors in precious metals need to get used to strong fluctuations.

Source: https://dantri.com.vn/kinh-doanh/mot-tuan-gia-vang-bien-dong-nhu-tau-luon-chuyen-gia-canh-bao-20251025122942283.htm