SJC gold price, gold ring price decreased simultaneously

ANTD.VN - SJC gold and gold ring prices both decreased at the beginning of the week when world gold prices left the historical peak since last weekend.

This morning, the price of SJC gold bars at Agribank, BIDV, Vietcombank, VietinBank and major gold and gemstone companies all decreased by VND500,000 per tael compared to the end of last week. Accordingly, the selling price is VND89 million per tael, the buying price is VND2 million lower per tael, at VND87.5 million per tael.

Both SJC gold and ring gold turned down

Along with SJC gold, gold rings today also turned to decrease with a decrease of 200-400 thousand VND/tael. Specifically, the price of SJC 999.9 gold is listed at 87.00 million VND/tael for buying and 88.70 million VND/tael for selling.

DOJI listed the buying and selling prices of Hung Thinh Vuong gold rings at VND887.80 million/tael and VND88.80 million/tael; Bao Tin Minh Chau listed the price of plain round rings at VND887.78 - VND88.78 million/tael; Phu Quy SJC VND87.70 - VND88.90 million/tael.

Domestic gold prices continued to decline since the end of last week as the world market cooled down. In the trading session last Thursday, international gold prices plummeted from the peak and lost more than 40 USD/ounce after only about 1 hour of trading. After that, gold prices continued to consolidate in this price range, currently trading around 2,739 USD/ounce.

There will be many important events for the financial markets this week. However, these events have been predicted in advance and if nothing changes, these factors will not cause too much volatility in the precious metals market.

Five major central banks will meet to discuss monetary policy. The Fed and BOE are expected to cut by 25 basis points, Sweden by 50 basis points, and Norway and Australia by 10 basis points.

Meanwhile, the factors that could affect the precious metal are currently forecast to be quite diverse. Some opinions say that the sharp drop in gold at the end of last week could trigger a buying wave at low prices, so the precious metal will soon go up.

On the other hand, many are concerned that the recent pullback is putting pressure on the precious metal, as all the supporting factors have been reflected in the previous rally.

Of the 17 analysts who participated in the Kitco News Gold Survey, nine, or 53%, expect gold prices to rise next week, while six, or 35%, see prices falling. The remaining two, or 12%, are waiting to see what the election and the Fed will bring.

Source: https://www.anninhthudo.vn/gia-vang-sjc-vang-nhan-dong-loat-giam-post594439.antd