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 82.85-83.60 million VND/tael (buy - sell), an increase of 350,000 VND/tael for buying and an increase of 100,000 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 82.68-83.58 million VND/tael (buy - sell), an increase of 200,000 VND for buying and an increase of 100,000 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 5:45 p.m., the world gold price listed on Kitco was at 2,660.5 USD/ounce, up 15.3 USD/ounce compared to the close yesterday afternoon.
Gold Price Forecast
World gold prices increased as the USD index decreased. Recorded at 5:45 p.m. on October 4, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 101,640 points (down 0.11%).
Rising demand for safe-haven assets has pushed gold prices higher. Geopolitical tensions between Israel and Iran are supporting gold prices and if the situation does not ease, prices could remain near record highs, said Ajay Kedia, director of precious metals and futures trading firm Kedia Commodities in Mumbai.
The US non-farm payrolls report will be released at 7:30 p.m. on October 4. New York Federal Reserve Bank President John Williams and Chicago Fed President Austan will also speak later today.
According to Mr. Kedia, if the jobs report shows that the labor market remains “healthy,” this will be positive news for the USD and the gold market will see some profit-taking activities.
According to the CME FedWatch tool, traders predict a 65% chance that the Fed will cut interest rates by 0.25 percentage points in November.
Meanwhile, Ole Hansen, head of commodity strategy at Saxo Bank, has been bullish on gold since the start of the year. In his Q4 outlook, he said he would maintain a positive view on the precious metal.
“We forecast further gains in gold prices through year-end and into 2025, until the metal can reach the psychologically important $3,000/ounce level,” he said in his report.
“Although overall demand has eased from its highs in early 2024, gold reserve accumulation remains active, with activity concentrated in emerging market central banks,” Marissa Salim, senior research director at the World Gold Council (WGC), wrote in their latest monthly report.
“Emerging market central banks accounted for 70% of reported net purchases through October, with Türkiye accounting for 25% of total central bank purchases year to date,” she said.
See more news related to gold prices HERE...
