SJC gold bar price
As of 6:00 a.m. on October 20, 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 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 84 - 86 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 20, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 84.7-85.7 million VND/tael (buy - sell), an increase of 150,000 VND/tael for both buying and selling.
Bao Tin Minh Chau listed the price of plain round rings at 84.68-85.68 million VND/tael, an increase of 160,000 VND/tael for both buying and selling.
This is the highest price ever for gold rings. In recent sessions, gold ring prices have 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 6:00 a.m. on October 20, the world gold price listed on Kitco was at 2,721.9 USD/ounce, up 2.7 USD/ounce.
Gold Price Forecast
World gold prices increased amid a decrease in the USD index. Recorded at 6:00 a.m. on October 20, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.310 points (down 0.33%).
The latest Kitco News weekly gold survey shows that industry experts are almost unanimous in their bullish outlook for gold next week. Meanwhile, the majority of investors are positive on gold in the short term, after weeks of declining confidence.
This week, 16 analysts participated in the Kitco News gold survey. Fifteen of the 16 experts believe that gold prices will go higher. Only one investor is neutral on the short-term outlook for gold. No one predicts that the precious metal will fall in the near term.
Meanwhile, 159 votes were cast in Kitco’s online poll. The majority of Main Street investors expect gold prices to rise again. 115 traders predict gold prices will rise next week. Only 27 see the precious metal falling. The remaining 17 see prices moving sideways next week.
“I am bullish on gold next week,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “The current rally seems relentless despite the lack of significant events. The most important thing for gold is that it is driven by a general appreciation of all currencies, not just the U.S. dollar. This week, a spike was triggered by the European Central Bank (ECB) rate cut.”
Marc Chandler, CEO at Bannockburn Global Forex, said that overall gold prices are still on the rise.
“Gold has hit an all-time high. Tensions in the Middle East remain high and the upcoming BRICS summit highlights central bank demand for the precious metal,” said Marc Chandler.
See more news related to gold prices HERE...
