Heavy losses despite SJC gold bars remaining unchanged

SJC gold bar price

At the end of the week's trading session, DOJI Group listed the price of SJC gold at 74.98-76.98 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, gold prices at DOJI remained unchanged in both buying and selling directions.

The difference between buying and selling price of SJC gold at DOJI is at 2 million VND/tael.

SJC gold bar price recorded at DOJI Group. Unit: Million VND/tael. Chart: Le Ha

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 74.98-76.98 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.

Last week, SJC gold price remained stable, but the difference between buying and selling gold was listed at a high level, causing investors to suffer heavy losses.

If you buy gold at DOJI Group on June 16 at VND76.98 million/tael and sell it today (June 23), you will lose VND2 million/tael. Meanwhile, those who buy gold at Saigon Jewelry Company SJC will also have a similar loss.

Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.

9999 gold ring price

Early this morning, the price of 9999 Hung Thinh Vuong round gold rings at DOJI Gold and Gemstone Group was listed at 74.70-76.05 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the price of gold rings by this unit increased by 450,000 VND/tael for both buying and selling.

Saigon Jewelry Company SJC listed the price of 9999 plain round rings at 73.75-75.35 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the price of gold rings by this unit increased by 400,000 VND/tael for both buying and selling.

The price of 9999 gold rings at Bao Tin Minh Chau is listed at 74.68-75.98 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, this unit's gold ring price increased by 500,000 VND/tael for both buying and selling.

World gold price

At the close of the weekly trading session, the world gold price listed on Kitco was at 2,320 USD/ounce, down 12.8 USD/ounce compared to the close of the previous week's trading session.

Gold Price Forecast

World gold prices increased in the context of the USD index decreasing. Recorded at 9:00 a.m. on June 23, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 105.480 points (up 0.24%).

The latest Kitco News weekly gold survey shows industry experts are indecisive on gold's near-term path, while retail sentiment remains positive.

Fourteen Wall Street analysts participated in the Kitco News gold survey this week. The near-term outlook for the precious metal is fairly balanced. Five analysts expect gold prices to rise next week. Five analysts predict prices will fall. The remaining four expect gold to trade sideways next week.

Meanwhile, 209 votes were cast in Kitco’s online poll, with Main Street investors remaining bullish on the precious metal.

114 retail traders, or 55%, predict gold prices will rise next week. Another 38%, or 18%, predict the precious metal will trade lower. Meanwhile, 57 respondents, or the remaining 27%, predict gold will trade sideways next week.

Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-236-thua-lo-nang-ne-du-vang-mieng-sjc-di-ngang-1356432.ldo