SJC gold bar price
9999 gold ring price
As of 6:00 a.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 81.95-82.95 million VND/tael (buy - sell), an increase of 1.35 million VND/tael for buying and an increase of 1.3 million VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 81.83-82.93 million VND/tael (buy - sell), an increase of 1.29 million VND/tael for both buying and selling.
Despite the high price of gold rings, many people are still going to stores to buy them. According to Lao Dong reporters on the afternoon of September 25, some stores announced the sale of small quantities of gold rings. Long lines of people waited their turn to buy.
Mr. Hoang Minh Duc (Gia Lam, Hanoi) waited outside Bao Tin Minh Chau store (Cau Giay, Hanoi) for 30 minutes to "hunt" for gold. "Up 2 steps, down 2 steps, from then until now, I still see this group of people waiting, there is no sign of going inside" - he sighed.
Ms. Mai Thanh Thuy (Hoang Mai, Hanoi) shared: "I bought it just to stock up, but it took forever to get my turn, so every day I had to wait at the right time" - Ms. Thuy said.
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 9:40 p.m. on September 25, the world gold price listed on Kitco was at 2,662.4 USD/ounce, up 5.7 USD/ounce.
Gold Price Forecast
World gold prices increased in the context of the USD index sinking deeply. Recorded at 9:45 p.m. on September 25, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 100.180 points down.
Precious metals in the international market are receiving strong support from the news of a US interest rate cut. Last week, the FED cut its base interest rate by 50 basis points, lowering the federal funds rate to 4.75 - 5%.
Explaining this decision, FED Chairman Jerome Powell said the policy adjustment will help maintain the strength of the economy and labor market, and will continue to promote the process of controlling inflation as the FED begins to move towards a more neutral policy.
Besides, some experts say that gold is witnessing a strong price increase following industry support measures from China.
“Gold hit a record high on Tuesday after the People’s Bank of China (PBOC) cut lending rates and reduced the reserve requirement ratio for commercial banks in an effort to boost the country’s slowing economy,” said analyst Vladimir Zernov at FX Empire.
In addition, escalating geopolitical tensions in many regions of the world continue to support gold prices. Investors turn to gold as a traditional hedge against global instability.
A combination of economic and geopolitical factors has significantly strengthened gold's appeal as a safe haven, with the precious metal soaring to unprecedented highs as a result.
