Domestic gold price forecast to near 140 million VND/tael

The world gold price today, October 28, on the Asian market opened at 3,983.65 USD/ounce, down 83.09 USD/ounce, equivalent to 2.04% compared to the opening time of the previous session. The gold price today is forecast to be at a resistance level below 4,000 USD/ounce.

World gold prices fell sharply when the US and China reached a preliminary trade agreement framework last weekend on the sidelines of ASEAN meetings in Malaysia.

According to analysts, the domestic gold price today, October 28, tends to decrease sharply following the world gold price. Specifically, the price of SJC gold bars today, October 28, is forecast to decrease sharply to nearly 140 million VND/tael; similarly, the price of gold rings today also dropped shockingly.

Specifically, at 10:00 a.m. today, October 28, the price of SJC gold bars at Saigon Jewelry Company Limited - SJC and DOJI Group was listed at 145.7 - 147.2 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold decreased by 1.2 million VND/tael in both buying and selling directions. Currently, the difference between the buying and selling prices of SJC gold is 1.5 million VND/tael.

Meanwhile, at Bao Tin Minh Chau Company, the buying and selling price of SJC gold bars is listed at 146.2 - 147.2 million VND/tael. Compared to the previous session, the SJC gold price at Bao Tin Minh Chau Company decreased by 1.7 million VND/tael for buying, and by 1.2 million VND/tael for selling. Currently, the difference between the buying and selling price of SJC gold is 1 million VND/tael.

At Mi Hong, early this morning, October 28, the SJC gold price was listed at 146.2 - 147.2 million VND/tael for buying and selling. Compared to the previous session, the SJC gold price decreased by 800,000 VND/tael for buying, and by 1.2 million VND/tael for selling. Currently, the difference between the buying and selling prices of SJC gold is 1 million VND/tael.

Meanwhile, at Phu Quy Gold and Gemstone Group, early this morning, October 28, the listed price of SJC gold bars was 145 million VND/tael for buying and 147.2 million VND/tael for selling. Compared to the previous session, the price of SJC gold at Phu Quy decreased by 1.9 million VND/tael for buying, and by 1.2 million VND/tael for selling. Currently, the difference between the buying and selling prices of SJC gold is 2.2 million VND/tael.

Regarding gold rings, recorded at 10:00 this morning, October 28, the price of Hung Thinh Vuong 9999 gold rings of Doji Group listed the buying and selling prices at 144.2 - 147.2 million VND/tael. Thus, the price of Hung Thinh Vuong 9999 gold rings decreased by 1.2 million VND/tael in both buying and selling directions compared to yesterday. Currently, the difference in buying and selling prices of Hung Thinh Vuong 9999 rings is 3 million VND/tael.

Meanwhile, at Bao Tin Minh Chau Company, the buying and selling price of Thang Long Dragon gold rings is listed at 147.9 - 150.9 million VND/tael. Compared to yesterday, the price of Thang Long Dragon gold rings decreased by 1.1 million VND/tael in both buying and selling. Currently, the difference between buying and selling prices of Thang Long Dragon gold rings is 3 million VND/tael.

Meanwhile, the price of Phu Quy 999.9 round gold ring of Phu Quy Gold and Gemstone Group is listed at 144.2 million VND/tael for buying and 147.2 million VND/tael for selling. Compared to the previous session, the price of Phu Quy 999.9 round gold ring decreased by 1.2 million VND/tael for both buying and selling. Currently, the difference between buying and selling prices of Phu Quy 999.9 round gold ring is 3 million VND/tael.

At Bao Tin Manh Hai, early this morning, October 28, the price of Kim Gia Bao gold rings was listed for buying and selling at 147.4 - 149.4 million VND/tael. Compared to yesterday, the price of Kim Gia Bao gold rings decreased by 1.6 million VND/tael in both directions. Currently, the difference between the buying and selling price of Kim Gia Bao gold rings is 2 million VND/tael.