Update SJC gold price
As of 5:30 p.m., DOJI Group listed the price of SJC gold bars at 87-89 million VND/tael (buy - sell).
Compared to the close of the previous 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 Group is at 2 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 87-89 VND/tael (buy - sell).
Compared to the previous 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.
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.
Price of round gold ring 9999
As of 5:50 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 88-89 million VND/tael (buy - sell); unchanged in both directions compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 87.98-88.98 million VND/tael (buy - sell); increased by 500,000 VND/tael for buying and kept the same for selling compared to the previous trading session.
World gold price
World gold prices are recovering, but are still much lower than yesterday afternoon. As of 5:45 p.m., world gold prices listed on Kitco were at $2,738.5/ounce, down $13.2/ounce compared to the close of the previous trading session.
Gold Price Forecast
World gold prices recovered slightly amid a decline in the USD index. Recorded at 5:50 p.m. on October 24, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.017 points (down 0.25%).
Experts say gold prices are being supported by information surrounding the US presidential election and escalating tensions in the Middle East.
Ms. Sugandha Sachdeva - founder of market research company SS WealthStreet, said that gold prices could reach a peak of $ 2,800 / ounce in the remaining time of 2024 and about $ 3,000 / ounce or higher in 2025.
This possibility is driven mainly by geopolitical risks, the US monetary easing cycle and central bank buying.
Sharing the same view, UBS precious metals strategist Joni Teves has given a fairly positive outlook for gold next year. According to this expert, in addition to the US Federal Reserve's monetary policy easing move, fundamental factors are still supporting this precious metal.
Based on recent gold price movements, she predicts that gold could reach $2,800 an ounce this year and $3,000 an ounce next year. According to her, the gold market may see many fluctuations in the coming weeks due to the impact of developments leading up to the US presidential election and the situation in the Middle East. However, Teves emphasized that the trend of gold is still up.
