9999 gold ring price
As of 6:00 AM, Saigon SJC Jewelry Company listed the price of gold rings at 142.5 - 145.3 million VND/tael (buying - selling), unchanged compared to the previous trading session closing. The buying - selling difference is at 2.8 million VND/tael.
DOJI Group listed gold ring prices at the threshold of 142.5-146.5 million VND/tael (buying - selling), adjusting down 500,000 VND/tael in both directions compared to the closing session yesterday. The buying - selling difference is at 4 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 142.8-146.2 million VND/tael (buying - selling), down 400,000 VND/tael on the selling side. The buying - selling difference is at 3.4 million VND/tael.
SJC gold bar price
At the same time, Saigon SJC Jewelry Company listed SJC gold bar prices at the threshold of 142.8-145.8 million VND/tael (buying - selling), down 700,000 VND/tael in both directions compared to the previous closing session. The buying - selling difference was at 3 million VND/tael.
Similarly, DOJI listed SJC gold price at the threshold of 142.8-145.8 million VND/tael (buying - selling), down 700,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy listed the price of SJC gold bars at the threshold of 142.8-145.8 million VND/tael (buying - selling), both down 700,000 VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Jewelry gold price
DOJI listed 9999 jewelry gold at the threshold of 141.2-145.2 million VND/tael (buying - selling), down 500,000 VND/tael in both directions.
Phu Quy listed 9999 jewelry gold at the threshold of 140.5-145.5 million VND/tael (buying - selling), down 500,000 VND/tael in both directions compared to the closing session yesterday.
World gold price
World gold prices are listed around the threshold of 4,331.9 USD/ounce.
Gold price forecast
The gold market is trading near the highest level in the session, after the Bank of England (BoE) decided to keep interest rates unchanged after the September monetary policy meeting.
In a widely anticipated decision, BoE said on Thursday it would maintain the base interest rate at 3.75%. Even the voting result was in line with expectations, as 3 members of the Monetary Policy Committee (MPC) voted in favor of raising the interest rate by 25 basis points.
The Bank of England admitted that inflationary pressure remains persistent. The Monetary Policy Committee (MPC) also noted that most of the inflation increase originated from the war in Iran, causing a significant global energy crisis.
UK CPI inflation has risen to 3.1% in August and is likely to continue to rise in the coming quarters. Monetary policy is being established to bring inflation sustainably down to 2%, while the economy adjusts before the energy shock. The necessary policy stance to achieve this goal will depend on the scale and duration of the shock, as well as how the shock spreads in the economy," the central bank said in its monetary policy statement.
The gold market increased slightly immediately after BoE's latest monetary policy decision and is slightly ahead of the general recovery momentum of the market.
The global market is also recovering quite positively after a sell-off on Wednesday, as the US Federal Reserve (Fed) raised interest rates by 25 basis points and signaled that it could raise interest rates again at the end of the year.
Gold price data is compared to the previous day.
The information in the article only reflects market developments, not investment recommendations.
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