SJC gold bar price
As of 6:00 a.m. on October 12, 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 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 82.5 - 84.5 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 Bao Tin Minh Chau is at 2 million VND/tael.
9999 gold ring price
As of 6:00 a.m. on October 12, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.3-83.2 million VND/tael (buy - sell); an increase of 300,000 VND/tael for both buying and selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of plain round rings at 82.28-83.18 million VND/tael, an increase of 400,000 VND/tael for buying and 300,000 VND/tael for selling.
PNJ listed the price of plain round gold rings at 82-83.1 million VND/tael (buy - sell), an increase of 200,000 VND/tael for both buying and 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 11:32 p.m. on October 11, the world gold price listed on Kitco was at 2,660.2 USD/ounce, up 32.7 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices increased sharply in the context of the USD index decreasing. Recorded at 23:32 on October 11, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 102,630 points (down 0.15%).
Gold held steady gains as consumer optimism declined and inflation expectations rose. The University of Michigan said Friday that its consumer sentiment survey fell to 68.9, down from a revised reading of 70.1 in September. The data was weaker than expected, as economists had forecast a more modest gain of 70.9.
The report noted that this was the first time consumer confidence fell in three months.
Additionally, the US Labor Department released its producer price index (PPI) on Friday, showing a 0.1% increase in September, following a 0.2% increase in August. The latest inflation data was in line with expectations, as economists expected a 0.1% increase.
Wholesale inflation rose 1.8% over the past 12 months, the report said, above expectations of 1.6% but below August's 1.9% rise.
In addition, gold prices increased partly due to investors buying after the precious metal continuously decreased.
See more news related to gold prices HERE...
