SJC gold bar price
As of 6:00 a.m. on October 24, the price of SJC gold bars listed by DOJI Group was at 87-89 million VND/tael (buy - sell).
Compared to the close 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, Saigon Jewelry Company listed the price of SJC gold at 87-89 VND/tael (buy - sell).
Compared to the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 2 million VND/tael.
Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.
9999 gold ring price
As of 6:00 a.m. on October 24, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at VND 88 - 89 million/tael (buy - sell); an increase of VND 1.2 million/tael for both buying and selling compared to the beginning of the previous trading session.
Bao Tin Minh Chau listed the price of gold rings at 87.48 - 88.98 million VND/tael (buy - sell); an increase of 1.2 million VND/tael for both buying and selling compared to the beginning of the previous trading session.
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. In the context of the world gold price plummeting, domestic plain gold rings are facing the risk of falling.
World gold price
As of 0:33 on October 24, the world gold price listed on Kitco was at 2,715.7 USD/ounce, down sharply by 23.8 USD/ounce compared to early this morning.
Gold Price Forecast
World gold prices suddenly dropped amid an increase in the USD index. Recorded at 0:35 on October 24, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.380 points (up 0.45%).
Kitco senior analyst Jim Wyckoff commented that the world gold price dropped sharply due to the impact of profit-taking wave of speculators.
However, the expert said that safe-haven demand and a bullish chart are maintaining a solid floor for the gold market. He said that geopolitical tensions in the Middle East and the upcoming US presidential election are supporting the gold market.
Meanwhile, brokerage Trade Nation said the current moves by countries to “de-dollarize” are also positive for gold: “De-dollarization is a buzzword at this week’s BRICS summit in Russia. Investors will be watching for any updates on the group’s willingness to move forward with a proposed cross-border payments system designed to bypass the current arrangement that relies on the US dollar.”
Today’s key outside markets saw the benchmark 10-year US Treasury yield hovering around 4.22% and rising recently. Crude oil prices were lower and trading around $70.75 a barrel.
Technically, December gold futures bulls have the solid overall near-term technical advantage. However, today’s action has produced a downside breakout on the daily chart. The bulls’ next upside price objective is a break above $2,800/oz. The bears’ next near-term downside price objective is a push below $2,650/oz.
See more news related to gold prices HERE...
