Risk has decreased, should you buy now?

The difference between the buying and selling price of SJC gold at DOJI is around 1.5 million VND/ounce. This is quite high, putting investors at risk of losses.

Meanwhile, Saigon Jewelry Company (SJC) listed the price of SJC gold at 78.3-79.8 million VND/ounce (buying price - selling price).

The difference between the buying and selling price of SJC gold at Saigon Jewelry Company (SJC) has decreased from 2 million VND/ounce to 1.5 million VND/ounce. This helps investors reduce the risk of losses when investing in the short term.

Price of 9999 gold rings

As of 9 AM, the price of 9999 Hung Thinh Vuong gold rings at DOJI Gold, Silver and Gemstone Group was listed at 76.40-77.55 million VND/ounce (buying price - selling price); an increase of 100,000 VND/ounce in the buying price and unchanged in the selling price.

Saigon Jewelry Company listed the price of gold rings at 76.15-77.55 million VND/ounce (buying price - selling price); a decrease of 100,000 VND/ounce in the buying price and a decrease of 50,000 VND/ounce in the selling price.

Bao Tin Minh Chau listed the price of gold rings at 76.32-77.52 million VND/ounce (buying price - selling price); unchanged.

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

World gold prices

As of 9:00 AM, the world gold price listed on Kitco was at $2,443.1 per ounce; a decrease of $11.7 per ounce compared to the beginning of yesterday's trading session.

Gold price forecast

Global gold prices rose sharply as the US dollar index fell. At 9:00 AM on August 3rd, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 102.999 points (down 1.16%).

Gold has experienced one of its strongest price surges of the year this week. Kitco News' latest weekly gold survey shows that a majority of investors expect the precious metal to continue rising next week. Meanwhile, experts also believe in gold's upward trajectory.

This week, 14 analysts participated in Kitco News' Gold Survey. Wall Street optimism about gold surged after stocks were volatile amid economic and geopolitical threats.

Eleven experts predict that gold prices will rise further next week. Meanwhile, only one predicts a decrease. The remaining two analysts predict that gold prices will remain stable next week.

Meanwhile, 191 votes were cast in Kitco's online poll. 140 investors expect gold prices to rise next week. 28 others predict gold prices will fall. Only 23 forecast gold prices to remain unchanged.