SJC gold bar price
As of 6:00 a.m. on October 17, the price of SJC gold bars listed by DOJI Group was at 84 - 86 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1 million VND/tael for both buying and selling.
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 84 - 86 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 1 million 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 17, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 83.35 - 84.35 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and an increase of 500,000 VND/tael for selling.
Bao Tin Minh Chau listed the price of plain round rings at 83.33-84.33 million VND/tael, an increase of 400,000 VND/tael for buying and 500,000 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 1:00 a.m. on October 17, the world gold price listed on Kitco was at 2,675.4 USD/ounce, an increase of 15.1 USD/ounce.
Gold Price Forecast
World gold prices increased despite the high USD index. Recorded at 1:00 a.m. on October 17, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.342 points (up 0.28%).
In fact, yesterday afternoon (October 16 - Vietnam time), the world gold price at one point approached the September 26 threshold of 2,685 USD/ounce.
According to Kitco, the precious metal failed to reach new highs because many investors decided to take profits when gold rose too high. However, experts said that the precious metal is still receiving support from safe-haven demand.
Gold found support amid rising geopolitical tensions and buying activity as technicals remained positive. December gold futures were last up $6.50 at $2,685.70 an ounce.
In particular, the escalating geopolitical tensions in the Middle East continue to provide strong support for gold. There is little data from the US this week. However, there will be a series of data releases today, including retail sales and the weekly jobless claims report.
The key overseas markets saw the US dollar index firmer today. The benchmark 10-year US Treasury yield is currently around 4.01%. Crude oil prices were mostly steady, trading around $70.50 a barrel.
Technically, December gold bulls have the strong overall near-term technical advantage. The bulls’ next upside price objective is to produce a close above $2,708.70 an ounce. The bears’ next downside near-term price objective is to push futures below $2,648.90 an ounce.
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