SJC gold ring and gold bar prices continue to fall sharply

Domestic SJC gold ring and gold bar prices continued to decline sharply on the morning of November 4.

Specifically, at 9:00 a.m., Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 87 - 89 million VND/tael (buy - sell), down 500,000 VND/tael in both buying and selling directions compared to the closing price yesterday.

DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 87 - 89 million VND/tael (buy - sell), down 500,000 VND/tael in both buying and selling directions compared to yesterday's closing price.

Similarly, in the same direction as the price of SJC gold bars, the price of gold rings also continued to decrease. DOJI Gold and Gemstone Group listed the price of gold rings at 87.8 - 88.8 million VND/tael (buy - sell), down 450,000 VND/tael in both buying and selling directions.

Saigon Jewelry Company (SJC) announced the price of gold rings at 87 - 88.7 million VND/tael (buy - sell), down 400,000 VND/tael for buying and down 200,000 VND/tael for selling.

Previously, the world gold price slowed down after a week of continuously breaking the peak. At 0:55 on November 2, Vietnam time, the spot gold price decreased by 0.2%, down to 2,736.28 USD/ounce, while the US gold futures price was almost flat at 2,749.2 USD/ounce.

Previously, gold prices continuously set new peaks in the first three sessions of this week. However, profit-taking pressure caused gold prices to fall 1.5% in the session on October 31, after this precious metal reached a record high of 2,790.15 USD/ounce.

Commenting on the gold price movement this week, according to experts, this will be an extremely important week for the financial market in general and the world gold market in particular when the United States will have a new President.

However, not only that, monetary policy decisions of other major central banks around the world such as the Reserve Bank of Australia, the Bank of England and the US Federal Reserve... will also greatly affect financial market fluctuations and gold prices.

TH (according to VNA)

Source: https://baohaiduong.vn/gia-vang-nhan-vang-mieng-sjc-tiep-tuc-giam-manh-397208.html