Gold price in Nghe An today (November 25): Maintains high level in selling direction

At 10:40 a.m. today (November 25, Vietnam time), the world spot gold price was at 2,672.5 USD/ounce, down 27.1 USD/ounce compared to early this morning.

Regarding domestic gold prices, at 10:30 a.m. on November 25, Saigon Jewelry Company (SJC) lowered the price of 1-5-chi gold rings to 84.7-86.2 million VND/tael (buy - sell), down 300,000 VND in both buying and selling compared to the listed price early this morning.

At 10:57 a.m. on November 25, Doji Gold and Gemstone Group reduced the buying price by VND900,000 and the selling price by VND500,000 compared to the listed price earlier this morning with the price of 9999 gold rings, trading at VND84.7-86.1 million/tael (buy - sell).

In Nghe An, surveyed at 11:00 a.m. on November 25, 9999 gold rings were listed by gold shops as follows: Kim Thanh Huy Gold and Silver was 83.70 million VND/tael (buy) and 87.50 million VND/tael (sell); Phu Nguyen Gold and Silver was 83.85 million VND (buy) and 86.65 million VND (sell); IJC Vinh Gold and Silver was 84.90 million VND (buy) and 86.40 million VND (sell)... The difference in buying and selling prices of 9999 gold rings fluctuated from 1.5 - 3.8 million VND/tael and the selling price was higher than the national average.

The latest Kitco News weekly gold survey shows that the market is optimistic about the short-term gold price outlook. Based on recent trends, the expert forecasts gold prices to fluctuate between $2,690 and $2,715 an ounce.

Rich Checkan, CEO of Asset Strategies International, said that gold prices could rise this week. Gold prices tend to increase after a strong sell-off due to the US election, escalating tensions between Russia and Ukraine and strong buying demand when prices are low. This week, investors will participate in the market more.