Update SJC gold price
As of 5:45 p.m., the price of SJC gold bars was listed by DOJI Group at 81.5 - 83.5 million VND/tael (buy - sell).
Compared to the beginning 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, 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, gold prices at Bao Tin Minh Chau 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.
Price of round gold ring 9999
As of 5:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.5-83.35 million VND/tael (buy - sell), an increase of 550,000 VND/tael for buying and an increase of 400,000 VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 82.23-83.33 million VND/tael (buy - sell), an increase of 400,000 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 5:00 p.m., the world gold price listed on Kitco was at 2,669.1 USD/ounce, up 12.7 USD/ounce compared to the close yesterday afternoon.
Gold Price Forecast
World gold prices hit a record high amid a weakening USD index. Recorded at 5:00 p.m. on September 26, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.544 points (down 0.08%).
Despite being at a record high, gold prices are still receiving quite positive forecasts.
In an interview with the Financial Post on Wednesday, Dylan Smith suggested that gold is actually seeing two separate rallies, each with its own momentum, which means a new bull run is about to begin.
“I think we’ve seen a lot of gold in the past week since the Fed cut rates by 50 basis points,” Smith said. “But I think the big thing that’s happening in the gold market is that there’s been a big shift in what’s driving the precious metal compared to the past. So I think there’s more to come.”
When asked when he expects gold prices to hit $3,000 an ounce, Smith declined to give a specific time frame but said it would happen soon.
Gold is seeing a strong rally following China's industry support measures, according to analyst Vladimir Zernov at FX Empire.
Gold hit an all-time high on Tuesday after the People's Bank of China (PBOC) cut lending rates and reduced the reserve requirement ratio for commercial banks in an effort to boost the country's slowing economy.
This expert predicts that if the gold price stabilizes above $2,650/ounce, the future will move towards the threshold of $2,700/ounce.
