Update SJC gold price
As of 5:45 p.m., the price of SJC gold bars listed by DOJI Group was at 81.5 - 83.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1.5 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 81.5 - 83.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau is 1.5 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Price of round gold ring 9999
As of 5:45 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 80.6-81.65 million VND/tael (buy - sell), an increase of 500,000 VND/tael for buying and an increase of 450,000 VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 80.54-81.64 million VND/tael (buy - sell), an increase of 560,000 VND/tael for both buying and selling.
In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.
World gold price
As of 5:30 p.m., the world gold price listed on Kitco was at 2,633.6 USD/ounce, up 10.7 USD/ounce compared to the close yesterday afternoon.
Gold Price Forecast
World gold prices hit a record high amid a drop in the USD index. At 5:45 p.m. on September 24, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.492 points (down 0.06%).
Gold prices hit a record high as investors awaited data from the US to determine whether the Federal Reserve’s interest rate cut last week was the first in a series of sharp cuts.
Fed Governor Christopher Waller said he would likely support a 25 basis point rate cut at the Fed's next meetings in November and December if the economy performs as he expects, but warned that another 50 basis point cut could come if the labor market weakens.
"Gold prices continue to be supported by a series of dovish comments from Fed officials," said market strategist Yeap Jun Rong.
Gold prices also got a boost from increased demand for safe-haven assets as traders watched escalating tensions in the Middle East, with fears of a broader conflict.
Rising tensions in the Middle East are boosting demand for gold as a hedge against risk, and if tensions persist for a long time, gold prices could continue to rise, said Yeap Jun Rong, a market strategist at IG Bank.
