The domestic gold price today, October 21, is being traded at the following level:
Opening this morning's trading session, the gold price at 9:00 a.m. was listed by Doji Jewelry Group at: 41.52 million VND/tael (buy) and 41.72 million VND/tael (sell), an increase of 20,000 VND compared to last weekend.
Saigon Jewelry Company listed the price of SJC gold at 41.47 million VND/tael (buy) and 41.77 million VND/tael (sell) in Hanoi. SJC gold bar in Ho Chi Minh City is listed at 41.75 million VND/tael (selling).
World gold prices have just gone through a week of trading in a narrow range to determine the trend. Although there was only one session of decline, the whole week the metal price increased modestly by only 0.4%.
The world gold price on Kitco today is trading at 1,491.20 - 1,492.20 USD/ounce.
In the world market, gold prices are trading around 1,489.8 USD/oz, up 0.2 USD/oz compared to the previous trading session.
Converted to USD at Vietcombank (23,265 VND/USD), the world gold price is equivalent to 41.75 million VND/tael, equivalent to the selling price of SJC gold.
Many experts say that gold prices affected by the UK's exit from the European Union continue to face difficulties, as the UK Parliament has delayed the decision on whether to support the new Brexit deal that British Prime Minister Boris Johnson has just reached with the EU.
British Prime Minister Boris Johnson has just sent a letter asking to postpone the UK's exit from the European Union ( Brexit) but did not sign.
According to the law, Prime Minister Johnson was forced to send a letter requesting the EU to extend the Brexit deal, after the country's parliament voted to reject the deal he proposed on October 19.
However, he still insists that the UK must leave the EU within the deadline of October 31. That is why Mr. Johnson sent two letters with different messages to the EU. A request for an extension of the Brexit to the EU as forced by Mr. Johnson... but not signed.
The British Prime Minister signed a second letter, affirming that he himself did not want to delay any longer.
Experts believe that gold prices will increase this week. 14 market experts participated in the Wall Street survey. A total of seven people, or 50%, predict gold will fall. Two, or 14%, predict gold prices will rise next week. And five, or 36%, see gold prices moving sideways.
Meanwhile, 876 respondents participated in the online poll on Main Street. A total of 490 people, equivalent to 56%, predict gold prices will increase. Another 214, or 24%, predict gold will fall. The remaining 172 people, or 20%, predict a flat market.
