Gold prices are skyrocketing, should we invest in gold 'surfing'?

Gold price increases, setting a record price

Gold price today, domestic gold price skyrocketed, setting a new price record. SJC gold bar price skyrocketed, reaching 108 million VND/tael for sale.

Gold price today, April 15, at 2:30 p.m., domestic gold price skyrocketed. Saigon Jewelry Company Limited - SJC listed the price of gold bars at around 105.5 million VND/tael for buying and 108 million VND/tael for selling.

Bao Tin Minh Chau is also buying SJC gold bars at 105.5 million VND/tael and selling at 108 million VND/tael.

SJC gold price this afternoon, April 15, increased to 108 million VND/tael for sale. Photo: Quang Minh

At the same time, the price of gold rings was also adjusted to increase sharply by many units. Bao Tin Minh Chau listed the price of gold rings at 104.3 million VND/tael for buying and 107.2 million VND/tael for selling.

Saigon Jewelry Company Limited is also buying and selling gold rings at 102.7 - 105.7 million VND/tael.

In the world market, the price of gold is around 3,219 USD/ounce. In recent days, the price of gold in the country and the world has increased beyond all forecasts, unprecedented. The increase in gold price is due to changes in tariff policies of the world's superpowers.

Forecasting gold prices in the coming time, many experts believe that the world gold price could increase to about 3,500 USD/ounce this year, leading to a "gold fever" worldwide.

The increase in world gold prices also leads to an increase in domestic gold prices. If the world gold price can increase to 3,500 USD/ounce, the domestic gold price can also increase to an unprecedented high of about 110 million VND/tael.

Should you invest in gold "surfing"?

In the context of gold prices not yet ending their upward trend, domestic economic experts recommend that if investors buy gold at a low price, they can consider selling to take profit at this time because the profit level is relatively attractive.

Meanwhile, for investors who want to buy gold for additional investment, experts advise that with the high price of gold, investing in gold at this time is relatively risky.

Not to mention the current gold price difference of 3 - 3.5 million VND/tael, quite high, pushing the risk to the buyer.

Many experts recommend that if you invest in gold for the long term, you can buy it, but you need to calculate. But if you "surf" to make a profit, the risk is very high.

If investors still want to buy gold bars or gold rings for further investment at this time, they should buy through official channels and avoid buying and selling on the free market - an unofficial market without a purchase invoice, which can be risky.

Hoang Giang

Source: https://congthuong.vn/gia-vang-tang-chong-mat-co-nen-dau-tu-vang-luot-song-383118.html