Investors suffered heavy losses.

Illustration photo: Phan Anh

Updated SJC gold prices

Domestic SJC gold prices closed on August 18, 2024.

Gold price movements in SJC gold over the past month. Source: Rong Viet Online Services Joint Stock Company (VDOS).

Last week, SJC gold prices rose sharply; however, the buy-sell spread remained high, resulting in losses for investors.

If an investor bought gold at DOJI Group on August 11th at 78.5 million VND/ounce and sold it today (August 18th), they would lose 500,000 VND/ounce. Similarly, those who bought gold at Saigon Jewelry Company (SJC) would also lose 500,000 VND/ounce.

Currently, the difference between the buying and selling price of gold is listed around 2 million VND per tael. Experts believe that this difference is very high, posing a risk of losses for investors in the short term.

Price of 9999 pure gold ring

As of 8 PM today, the price of 9999 Hung Thinh Vuong gold rings at DOJI is listed at 77.00 - 78.40 million VND/ounce (buying price - selling price); an increase of 650,000 VND/ounce in the buying price and an increase of 800,000 VND/ounce compared to the closing price of last week's trading session.

Saigon Jewelry Company listed the price of gold rings at 77.00 - 78.40 million VND/ounce (buying price - selling price); an increase of 750,000 VND/ounce for the buying price and an increase of 800,000 VND/ounce compared to the closing price of last week's trading session.

Bao Tin Minh Chau listed the price of gold rings at 77.08 - 78.38 million VND/ounce (buying price - selling price); an increase of 700,000 VND/ounce for the buying price and an increase of 800,000 VND/ounce for the selling price compared to the closing price of last week's trading session.

In recent trading sessions, the price of gold rings has often fluctuated in the same direction as the global market. Investors can refer to the global market and expert opinions before making investment decisions.

World gold prices

At the close of trading this week, the world gold price listed on Kitco was $2,507.7 per ounce, an increase of $77.7 per ounce compared to the close of trading last week.

Domestic gold price movements today. Source: Kitco

Gold price forecast

Global gold prices rose sharply as the US dollar index fell. At 8 PM on August 18th, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 102.310 points (down 0.49%).

Kitco News' latest weekly gold survey shows that a majority of industry experts and investors believe that gold prices could surpass this week's all-time high.

This week, nine analysts participated in Kitco News' Gold Survey, and the majority still see potential for a price increase beyond this week's all-time high.

Five experts expect gold prices to rise, while three analysts predict gold will remain flat next week. Only one forecasts a decline in the price of the precious metal.

Meanwhile, 219 votes were cast in Kitco's online poll. 130 traders expect gold prices to rise next week, while 44 others expect the precious metal to fall. 45 respondents, however, believe prices will trend sideways next week.

Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-188-nha-dau-tu-lo-nang-1381494.ldo