Updated gold price closing session 10/29: Gold ring increased by 300,000 VND

Update SJC gold price

As of 6:20 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 prices 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 million 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.

9999 round gold ring price

As of 6:20 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); an increase of 300,000 VND/tael 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); an increase of 100,000 VND/tael for both buying and selling compared to the close of the previous trading session.

World gold price

As of 7:20 p.m., the world gold price listed on Kitco was at 2,752.4 USD/ounce, up more than 20 USD/ounce compared to the close of the previous trading session.

Gold Price Forecast

World gold prices increased despite the increase in the USD index. Recorded at 7:20 p.m. on October 29, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 104.325 points (up 0.14%).

The run-up to the US election could continue to provide momentum for gold as a hedge, said IG market strategist Yeap Jun Rong.

Besides, according to him, although positive economic data can help the US Federal Reserve (FED) be more patient in easing monetary policy, he predicts that gold prices will continue to be supported, as the market is predicting a 99% chance that the FED will cut interest rates by 0.25 percentage points in November, according to CME's FedWatch tool.

With just eight days to go until the Fed's interest rate decision, investors are awaiting a series of key events to gauge their impact on the Fed's move.