Updated gold price at the end of the session on September 29: Gold bars increased dramatically, breaking a new peak

    Khương Duy |

    Updated gold price at the end of the session on September 29: SJC gold bars increased sharply, breaking the peak of 129 million VND/tael. Meanwhile, gold rings also increased by 900,000 VND/tael.

    SJC gold bar price

    As of 10:25 p.m., DOJI Group listed the price of SJC gold bars at 127.4-128.9 million VND/tael (buy in - sell out), an increase of 400,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

    Dien bien gia vang SJC nhung phien giao dich gan day. Bieu do: Khuong Duy
    SJC gold price developments in recent trading sessions. Chart: Khuong Duy

    Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 127.8-129.3 million VND/tael (buy - sell), an increase of 800,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

    Phu Quy Jewelry Group listed the price of SJC gold bars at 126.8-129.3 million VND/tael (buy - sell), an increase of 800,000 VND/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.

    9999 gold ring price

    As of 10:25 p.m., DOJI Group listed the price of gold rings at 120.6-123.6 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

    Bao Tin Minh Chau listed the price of gold rings at 121.2-124.2 million VND/tael (buy - sell), an increase of 900,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

    Phu Quy Gold and Stone Group listed the price of gold rings at 120.7-123.7 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

    Currently, the difference between buying and selling gold rings is at a very high level, around 3 million VND/tael, posing a potential risk of loss for investors.

    World gold price

    The world gold price was listed at 6:30 p.m. at 3,404.1 USD/ounce, up 3.9 USD.

    Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
    World gold price developments in recent trading sessions. Chart: Phan Anh

    Gold price forecast

    The increase in world gold prices tends to slow down due to profit-taking activities. However, since the beginning of the month, gold prices have increased by 3.7%. The precious metal hit $3,423.16 an ounce - its highest level since July 23 on Thursday.

    USD Index The USD Index is on a monthly decline, making gold cheaper for investors holding other currencies. Gold is still a favorite choice for investors as the US is expected to enter a period of loose monetary policy from next month Tim Waterer - market analyst at KCM Trade commented.

    US Federal Reserve Governor Christopher Waller emphasized on August 28 that he would support a short-term interest rate cut next month, and said that it could continue to cut in the next 3-6 months.

    According to the CME FedWatch tool, traders are now betting on an 86% chance that the Fed will cut 25 basis points at its September meeting.

    In a low interest rate environment, gold, which does not yield, often benefits. Investors are waiting for the report on the personal consumption expenditure (PCE) price index, the Fed's preferred inflation measure, to be released on the day.

    If the core PCE remains stable at 0.3% for the month, it will further strengthen expectations of a Fed rate cut, Waterer said.

    Note: Gold price data is compared to a day earlier.

    See more news related to gold prices HERE...

    Khương Duy
    RELATED NEWS
    Photo: Phan Anh

    Gold prices look set to increase sharply next month thanks to weak USD and expectations of FED to lower interest rates

    |

    Gold prices are on track to record a breakthrough increase in August, thanks to the weakening of the USD and expectations of the FED cutting interest rates in September.

    Gold prices are rising sharply in both domestic and international markets. Photo: Phan Anh

    Domestic gold prices approach peak of 129 million VND/tael, world gold aims to reach 4,000 USD/ounce

    |

    The gold price increase shows no signs of stopping. Domestic gold approached the threshold of 129 million VND/tael.

    Gold prices continue to increase after the monopoly on gold bar production was waived. Photo: Phan Anh

    Gold price breaks peak after removing monopoly on gold bars, greatly affected by investor psychology

    |

    Domestic gold prices continue to break the peak after eliminating the monopoly on gold bar production, experts said that investor sentiment is strongly dominating.

    2:30 equipment departs from F1 racetrack, 6:30 fireworks display at My Dinh Stadium

    |

    At 2:30 a.m. on August 30, equipment of the Army and Police will move into the center of Hanoi. 4 hours later, the fireworks display simultaneously set off at My Dinh Stadium.

    Politburo member, Standing member of the Secretariat Tran Cam Tu presented the Decision and presented flowers to congratulate Mr. Pham Gia Tuc. Photo: Kim Thanh

    Mr. Pham Gia Tuc holds the position of Chief of the Party Central Committee Office

    |

    Mr. Pham Gia Tuc - Member of the Party Central Committee, Deputy Chief of the Party Central Committee Office - was appointed to the position of Chief of the Party Central Committee Office.

    Senior Lieutenant General Le Van Tuyen - Deputy Minister of Public Security - spoke at the press conference announcing the amnesty decision. Photo: Ai Van

    No prisoners in the case under the Central Steering Committee's supervision have been granted amnesty

    |

    Among the 13,920 people granted amnesty this time, there are no prisoners in the cases monitored by the Central Steering Committee for Anti-Corruption, Wastefulness and Negativity.

    Editor-in-Chief Le Quoc Minh received the songwriter Pham Tuyen's notebook from the musician's family. Photo: THANH DAT

    Musician Pham Tuyen presents the song "Nhu co October day thang co" to Nhan Dan Newspaper

    |

    On the afternoon of August 29, at the headquarters of 71 Hang Trong (Hanoi), Nhan Dan Newspaper solemnly held a ceremony to receive the draft and copyright of the song "Nhu co October day thang" presented by musician Pham Tuyen and her family.

    Forces on duty at A80 of the Ministry of Public Security. Photo: Ministry of Public Security

    Deploying the highest level, absolute security for the A80 Anniversary

    |

    During the launching ceremony to serve the A80, the leaders of the Ministry of Public Security requested the highest level of deployment, the most drastic to ensure absolute security and safety for the Commemoration Ceremony.

    Ảnh: Phan Anh

    Gold prices look set to increase sharply next month thanks to weak USD and expectations of FED to lower interest rates

    Khương Duy |

    Gold prices are on track to record a breakthrough increase in August, thanks to the weakening of the USD and expectations of the FED cutting interest rates in September.

    Giá vàng đang tăng mạnh ở cả thị trường trong nước và thế giới. Ảnh: Phan Anh

    Domestic gold prices approach peak of 129 million VND/tael, world gold aims to reach 4,000 USD/ounce

    Phan Anh |

    The gold price increase shows no signs of stopping. Domestic gold approached the threshold of 129 million VND/tael.

    Giá vàng tiếp tục tăng cao sau khi bỏ độc quyền sản xuất vàng miếng. Ảnh: Phan Anh

    Gold price breaks peak after removing monopoly on gold bars, greatly affected by investor psychology

    Lục Giang |

    Domestic gold prices continue to break the peak after eliminating the monopoly on gold bar production, experts said that investor sentiment is strongly dominating.