Update SJC gold price
As of 5:00 p.m., the price of SJC gold bars listed by DOJI Group was 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 price 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 5:00 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), unchanged.
PNJ also adjusted the price of plain round gold rings to increase to 82.8 - 83.6 million VND/tael (buy - sell).
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 5:00 p.m., the world gold price listed on Kitco was at 2,653.8 USD/ounce, down 6.7 USD/ounce compared to the close yesterday afternoon.
Gold Price Forecast
World gold prices fell as the USD index increased. Recorded at 5:40 p.m. on October 5, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 102.280 points (up 0.52%).
The latest Kitco News weekly gold survey shows that industry experts are increasingly cautious about gold’s near-term prospects, while investors remain bullish, albeit at a slightly lower level than last week.
This week, 16 analysts participated in the Kitco News gold survey. Only a handful of experts see gold prices rising in the near future. Seven experts see gold prices rising next week. Three experts predict the precious metal will fall. The remaining six analysts believe that gold will trade sideways next week.
Meanwhile, 176 votes were cast in Kitco’s online poll. The majority of investors still expect gold to rise. 104 traders expect gold prices to rise next week, while 36 predict the precious metal will trade lower. Only 38 believe gold prices will remain stable next week.
Economic data impact gold prices next week
The economic calendar is not particularly busy next week, but investors will still pay attention to the US consumer price index for September, due for release on Thursday morning. Market participants will be looking at whether inflationary pressures continue to ease, which would support the Fed's easing cycle.
Other notable economic data that could impact gold prices next week include the minutes of the Fed’s most recent monetary policy meeting due Wednesday afternoon; the weekly jobless claims report on Thursday and the University of Michigan’s preliminary U.S. producer price index and consumer sentiment on Friday morning.
See more news related to gold prices HERE...
