Update SJC gold price
As of 6:00 p.m., the price of SJC gold bars was listed by DOJI Group at 82-84 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 82 - 84 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 6:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 82.5-83.5 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and an increase of 350,000 VND/tael for selling compared to the close of the previous trading session.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 82.48-83.48 million VND/tael (buy - sell), an increase of 300,000 VND for buying and 340,000 VND/tael for selling compared to the close of the previous trading session.
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 6:30 p.m., the world gold price listed on Kitco was at $2,645.28/ounce, down $5.7/ounce compared to the close yesterday afternoon.
Gold Price Forecast
World gold prices did not change much when the USD index strengthened. Recorded at 6:30 p.m. on October 3, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 101.042 points (up 0.11%).
Middle East tensions and the US election will continue to support gold prices in the long term, said Brian Lan, an expert at Singapore-based GoldSilver Central.
Investors are also watching the Institute for Supply Management (ISM) services data and initial jobless claims due later in the day, along with U.S. nonfarm payrolls data due on Oct. 4.
In a recent interview with Kitco, Chris Mancini, deputy portfolio manager of The Gabelli Gold Fund (GOLDX), shared his bullish view on gold, noting that even if gold prices stabilize around $2,650 an ounce, gold miners will still see solid returns.
While FOMO (fear of missing out) sentiment in the mining sector is not yet evident, Mancini said he expects it to change as the new year approaches.
He predicts that high-end manufacturers will show significant cash flow growth from Q3, with the expected rollout before early 2025.
Looking ahead, Mancini said, gold producers have the potential to grow 20% in the current environment.
See more news related to gold prices HERE...
