Update SJC gold price
As of 5:30 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 prices 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 5:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.75-83.45 million VND/tael (buy - sell), unchanged.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 82.54-83.44 million VND/tael (buy - sell), remaining unchanged.
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 5:20 p.m., the world gold price listed on Kitco was at 2,658.5 USD/ounce, down 12.6 USD/ounce compared to the closing price yesterday afternoon.
Gold Price Forecast
World gold prices hit a record high amid a weakening USD index. Recorded at 5 p.m. on September 28, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.110 points (down 0.14%).
The gold market has encountered some profit-taking activities. However, gold prices are still at a high level and have not fallen too far.
Despite the decline, gold prices are still receiving support from many factors. Among them, gold is most affected by the interest rate adjustment process of the US Federal Reserve (FED).
The CME FedWatch tool shows a 45.9% chance of a 25 basis point rate cut at the Fed's next meeting, with a higher 54.1% chance of another 50 basis point cut in November.
The Global Market and Economic Research Department, UOB Bank (Singapore) has just released the latest report on the outlook for world gold prices.
In the report, experts predict that gold prices will reach 2,700 USD/ounce in the fourth quarter of 2024, 2,800 USD/ounce in the first quarter of 2025, 2,900 USD/ounce in the second quarter of 2025 and finally 3,000 USD/ounce in the third quarter of 2025.
Despite the price drop, world gold still recorded its third consecutive week of increase thanks to growing expectations of another strong US interest rate cut this year.
