SJC gold bar price
As of 6:00 a.m. on September 29, the price of SJC gold bars listed by DOJI Group was at 81.5 - 83.5 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 prices of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 81.5 - 83.5 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 Saigon Jewelry Company is at 2 million VND/tael.
9999 gold ring price
As of 6:00 a.m. on September 29, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.75-83.45 million VND/tael (buy - sell), unchanged.
Bao Tin Minh Chau listed the price of plain round gold rings at 82.54-83.44 million VND/tael (buy - sell), unchanged.
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 6:00 a.m. on September 29, the world gold price listed on Kitco was at 2,658.5 USD/ounce, up 3.1 USD/ounce.
Gold Price Forecast
World gold prices recovered slightly after a decline at the end of the week amid a decline in the USD index. Recorded at 6:00 a.m. on September 29, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100,110 points (down 0.14%).
After hitting a six-day record high, the gold market is taking a breather as it comes under some technical selling pressure heading into the weekend.
Darin Newsom, senior market analyst at Barchart.com, is one of the experts who has a positive outlook for gold prices next week. This expert believes that the upward trend of gold prices will continue until it is affected by an external force.
“That external force is usually investor activity. But given the likelihood of global turmoil only increasing in the coming month, investors are not going to change their minds about gold as a safe haven,” said Darin Newsom.
On the other hand, Ole Hansen, head of commodity strategy at Saxo Bank, said that gold prices will fall lower. "Because I believe that this rally is being driven by fear of missing out and traders chasing momentum using derivatives. In the short term, physical demand is likely to dry up until investors adjust to these new and higher prices," said Ole Hansen.
Kitco News’ latest weekly gold survey shows that experts are evenly split between bullish and bearish forecasts for next week. Meanwhile, investors remain bullish on gold, but the level of optimism is down from previous weeks.
Fourteen analysts took part in the Kitco News Gold Survey. Six experts see gold prices rising next week. Another six experts predict prices will fall. The remaining two analysts, or 14%, believe gold will trade sideways next week.
Meanwhile, 192 votes were cast in Kitco’s online poll. The majority of investors remained bullish, although the majority was smaller than last week. 120 traders expected gold prices to rise next week. 38 predicted a decline. The remaining three said gold prices would be flat.
See more news related to gold prices HERE...
