Gold price at the close of the session on September 23rd: Peak buyers lose about 8 million VND/tael after 1 month

SJC gold bar price

As of 6:15 PM, Saigon SJC Jewelry Company listed SJC gold bar prices at 142.5-145.5 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both directions compared to the closing session yesterday. The buying - selling difference is at 3 million VND/tael.

Similarly, DOJI listed SJC gold price at the threshold of 142.5-145.5 million VND/tael (buying - selling), reversing to increase by 600,000 VND/tael in both directions compared to yesterday's closing session. The buying - selling difference is at 3 million VND/tael.

Phu Quy listed the price of SJC gold bars at 142.2-145.2 million VND/tael (buying - selling), simultaneously down 300,000 VND/tael in each trading direction compared to this morning. The buying - selling difference is at 3 million VND/tael.

9999 gold ring price

At the same time, Saigon Jewelry Company SJC listed the price of gold rings at 142 - 145 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both directions compared to the previous closing session. The buying - selling difference was at 3 million VND/tael.

DOJI Group listed the price of gold rings at 142-146 million VND/tael (buying - selling), unchanged compared to the previous closing session. The buying - selling difference is at 4 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 142.2-145.2 million VND/tael (buying - selling), reversing to decrease by 300,000 VND/tael in both directions compared to this morning. The buying - selling difference is at 3 million VND/tael.

Jewelry gold price

DOJI listed 9999 jewelry gold at the threshold of 140.7-144.7 million VND/tael (buying - selling).

Phu Quy listed 9999 jewelry gold at the threshold of 139.5-144.5 million VND/tael (buying - selling), reversing to increase by 500,000 VND/tael in both directions.

World gold price

As of 6:18 PM, world gold prices were listed at 4,305.5 USD/ounce, down 51.5 USD/ounce (equivalent to about 1.19%).

Gold price forecast

SJC gold bar prices recovered by 600,000 VND/tael in the trading session on September 23, with the selling price listed by large enterprises at 145.5 million VND/tael. This development reversed the deep decline of the previous session and went against the international market.

Although it has recovered about 1 million VND from the nearest bottom, the price of gold bars is still about 5 million VND lower than the peak of nearly 151 million VND/tael recorded last month.

Along with the buying and selling spread maintained at 3 million VND, investors buying in the peak area currently recorded a loss of about 8 million VND per tael.

Gold prices fell as traders monitored the progress of negotiations between the US and Iran as well as comments from Federal Reserve officials to find clues about how energy costs will affect the future interest rate roadmap. Gold bars are trading around 4,305 USD/ounce, erasing a slight increase from the previous session. Some Fed policymakers have spoken out, except for the inflation outlook since the central bank voted to raise interest rates last week for the first time in three years.

Richmond Fed Chairman Tom Barkin warned that it may take time for inflation shocks to subside and there is a risk that increased pressure may become ingrained.

Investors are also watching the renewed focus on diplomatic efforts to end the US-Iran war. President Donald Trump said US officials had a successful meeting with Iranian envoys in New York, reviving a faint hope for a new diplomatic path.