Gold price today September 7: SJC gold bars on the free market decreased sharply

This morning, September 7, the price of SJC gold bars was listed by large enterprises at 133.9 million VND/tael for buying and 135.4 million VND/tael for selling, nearly 5 million VND/tael higher than last weekend.

In the same trend, the price of 99.99% gold rings and jewelry gold is also listed at around 127.7 million VND/tael for buying and 130.2 million VND/tael for selling, an increase of more than 5 million VND compared to the end of last week. The difference between SJC gold bars and gold rings has widened to over 5 million VND/tael.

In the free market, gold prices have had unexpected developments this morning. Some small gold shops in Ho Chi Minh City listed the buying price of SJC gold bars at 136 million VND/tael, selling at 140 million VND/tael, losing up to 4.5 million VND in just 1 day. Gold bar prices have plummeted in the free market, the buying price has decreased rapidly and is now 4 million VND higher than the selling price.

The move to cool down gold prices today by stores follows the Prime Minister 's direction requesting authorities to intervene and not allow manipulation of the gold market...

SJC gold bar price drops sharply on the free market ( World gold price is forecast to increase)

In the international market, the price of gold closed the week at 3,587 USD/ounce, a sharp increase of 139 USD compared to the previous week (equivalent to an increase of 4.4 million VND). The world gold price also reached its highest level ever, affecting the increase in the domestic gold price.

Forecasting gold prices next week, Kitco's survey shows that both analysts and investors predict gold prices to increase. Specifically, in the survey on Wall Street, there were 18 analysts participating in the response, of which 78% said that gold prices will continue to increase; 17% said that gold prices will decrease and the remaining 5% predicted that gold prices will remain stable.

Similarly, in the Main Street online survey, 219 investors participated in the survey, of which 73% said that gold prices will continue to rise, 15% predicted that gold prices will fall and the remaining 12% said that gold prices will remain flat.