Update SJC gold price

Price of round gold ring 9999

As of 5:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 76.35-77.60 million VND/tael (buy - sell).

Saigon Jewelry Company listed the price of gold rings at 76.25-77.6 million VND/tael (buy - sell).

Bao Tin Minh Chau listed the price of gold rings at 76.38-77.58 million VND/tael (buy - sell).

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

World gold price

As of 5:00 p.m. today, the world gold price listed on Kitco was at 2,430.7 USD/ounce.

Gold Price Forecast

World gold prices fell as the USD index increased. Recorded at 5:00 p.m. on August 10, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 102.970 points (down 0.05%).

The latest Kitco News weekly gold survey shows that most industry experts see prices moving sideways next week, while a majority of investors expect the precious metal to rise.

Ten analysts participated in the Kitco News gold survey. The majority of experts expect gold to be stable next week. Six experts, or 60%, see gold prices trending sideways, while the remaining 40% see gold rising next week. No one predicts prices will fall.

There were 210 votes cast in Kitco’s online poll. Most Main Street investors remained bullish. 130 retail traders expect gold prices to rise next week. Another 45 predict lower prices. Meanwhile, 35 see prices moving sideways next week.

Tensions in the Middle East continue to fuel the gold market. Gold is considered a safe haven against geopolitical and economic uncertainties.

All eyes are also on the next move by the US Federal Reserve (FED), with a high possibility of another interest rate cut this year.

According to CME's FedWatch tool, the market predicts a 72% chance of a 50 basis point rate cut in September, up from 70% on August 5.

Alex Ebkarian, CEO of Allegiance Gold, said the outlook for gold remains positive. If the Fed cuts interest rates, gold prices will rise sharply.

Fawad Razaqzada - analyst at Forex, predicts that gold prices could reach $2,500 in the short term.