Gold price update on the morning of October 11: Gold rings are about to increase

Khương Duy |

Gold price update on the morning of October 11: After many sharp declines, the price of plain gold rings may rebound following the general trend of the world market.

SJC gold bar price

As of 6:00 a.m. on October 11, the price of SJC gold bars listed by DOJI Group was at 82.5 - 84.5 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at DOJI decreased by 500,000 VND/tael for both buying and selling.

The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.

Gia vang mieng SJC dau gio sang 11.10. Don vi: Trieu dong/luong.
Price of SJC gold bars early morning October 11. Unit: Million VND/tael.
Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Khuong Duy
Price movements of SJC gold bars in recent sessions. Chart: Khuong Duy

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 82.5 - 84.5 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau decreased by 500,000 VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

9999 gold ring price

As of 6:00 a.m. on October 11, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82-82.9 million VND/tael (buy - sell); down 300,000 VND/tael for buying and down 400,000 VND/tael for selling compared to the beginning of the previous trading session.

Saigon Jewelry Company listed the price of gold rings at 81.5 - 82.8 million VND/tael (buy - sell); down 300,000 VND/tael in both directions compared to the beginning of the previous trading session.

Dien bien gia vang nhan tron tron 2 thang gan day. Bieu do: Khuong Duy
Price movements of plain round gold rings in the last 2 months. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of plain round rings at 81.88 - 82.88 million VND/tael, down 400,000 VND/tael for both buying and selling.

PNJ listed the price of plain round gold rings at 81.8-82.9 million VND/tael (buy - sell), down 500,000 VND/tael for buying and down 400,000 VND/tael for selling.

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 11:21 p.m. on October 10, the world gold price listed on Kitco was at 2,627.5 USD/ounce, up 18.7 USD/ounce compared to the beginning of the previous trading session.

Dien bien gia vang the gioi. Nguon: Kitco
World gold price developments. Source: Kitco

Gold Price Forecast

World gold prices recovered amid a decline in the USD index. Recorded at 23:22 on October 10, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 102,720 points.

World gold prices rose last night after receiving a series of economic data from the US. The US Department of Labor announced on Thursday that initial jobless claims increased to 228,000 in the week ending October 5. This figure was slightly lower than expected, as the consensus estimate forecast 230,000 applications.

In addition to the above information, the market also received data on the US consumer price index (CPI) for September. The US CPI increased 0.2% last month after increasing 0.2% in August, the US Bureau of Labor Statistics. The latest inflation data was slightly stronger than expected, as economists were expecting a 0.1% increase. Over the past 12 months, US inflation increased 2.4%.

See more news related to gold prices HERE...

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