After reaching a new peak of nearly 103 million VND in the week, the price of gold bars has sharply decreased when Saigon Jewelry Company - SJC bought 97.1 million VND and sold 100.1 million VND. Compared to the end of last week, each tael of gold bars decreased by 1.3 million VND in the buying direction and decreased by 600,000 VND in the selling direction. Compared to the peak of the week, gold bars have decreased by nearly 2.5 million VND/tael. On the contrary, the difference between buying and selling prices has returned to 3 million VND/tael.

Gold prices fall sharply but the difference between buying and selling prices increases

Similarly, 4-number 9 gold rings of 0.5 - 2 chi at SJC also decreased by the same amount as gold bars, bringing the buying price down to 97.1 million VND and the selling price to 100.13 million VND. Gold rings on the market fluctuated in price differently, such as Doji sharply reduced the buying price by 1.7 million, down to 96.7 million VND, but only reduced the selling price by 600,000 VND, down to 100.1 million VND. The difference between buying and selling gold rings at Doji was higher than other companies, pushing it up to 3.4 million VND/tael. Or Bao Tin Minh Chau Company reduced the buying price by 1.4 million VND after a week, down to 97.5 million VND, but only reduced the selling price by 400,000 VND, down to 100.5 million VND...

The world gold price set a new record this week at over $3,157/ounce but has since fallen sharply to $3,036.8/ounce, down $50 compared to the end of last week. This has changed gold price forecasts as many analysts are no longer optimistic about the upward trend. Specifically, in a Kitco News survey involving 16 Wall Street analysts, 8 people, or 50%, said that gold prices would fall. Five people, or 31%, said that gold would rise and three experts, or 19%, predicted that the precious metal would remain flat.

Meanwhile, a Main Street survey of 273 individual investors showed that the majority still predicted gold prices to increase. Specifically, 167 people, or 61%, predicted gold would increase; 70 people, or 26%, thought gold would decrease in price, and the remaining 36 investors said the precious metal would go sideways./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-642025-cong-ty-ban-ra-dat-hon-mua-vao-3-trieu-dong-luong-185250406071044253.htm

Source: https://baolongan.vn/gia-vang-hom-nay-06-4-cong-ty-ban-ra-dat-hon-mua-vao-3-trieu-dong-luong-a192989.html