Gold price today October 21: Increased by 2 million VND/tael

SJC gold bar price

As of 9:00 a.m., the price of SJC gold bars was listed by DOJI Group at 86 - 88 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at DOJI increased by 2 million VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 86 - 88 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 2 million VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

PNJ listed the price of SJC 9999 gold bars at 86 - 88 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at PNJ increased by 2 million VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at PNJ is at 2 million VND/tael.

9999 gold ring price

This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 84.7-85.7 million VND/tael (buy - sell); an increase of 150,000 VND/tael for both buying and selling compared to early yesterday morning.

Bao Tin Minh Chau listed the price of plain round gold at 84.68-85.68 million VND/tael (buy - sell), an increase of 160,000 VND/tael for both buying and selling.

The price of PNJ 9999 plain gold rings is listed by PNJ at 84.70-85.70 million VND/tael (buy - sell), moving sideways in both directions.

World gold price

As of 9:20 a.m. on October 21, the world gold price listed on Kitco was at 2,726.7 USD/ounce, up 4.8 USD/ounce compared to the beginning of the previous trading session.

Gold Price Forecast

World gold prices increased amid a decrease in the USD index. Recorded at 9:20 a.m. on October 21, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.272 points (down 0.03%).

Adam Button, director of currency strategy at Forexlive.com; James Stanley, senior market strategist at Forex.com; and Mark Leibovit, publisher of VR Metals/Resource Letter, expect gold prices to move higher this week.

“There is little reason to doubt the current trend, especially after the bulls have consistently performed impressively, even as the USD has rallied,” said James Stanley.

"Continuing the uptrend, especially with the BRICS meeting this week," said Mark Leibovit.

Meanwhile, Sean Lusk, co-director of commercial hedging at Walsh Trading, said he was watching the market and wondering what could stop gold's rise at this point. The expert said that the energy crisis, the strong US dollar and the stock market performance last week were "insignificant" in the face of gold's breakout.

Ricardo Evangelista - senior analyst at ActivTrades - sees a positive supportive environment for the precious metal.

“While it is difficult to pinpoint a single driver behind the precious metal’s 2% gain over the past week, it is clear that a number of factors are at play.

Geopolitical instability, sluggish economic growth in key regions, a shift in central bank policy towards lower interest rates and most recently the uncertainty surrounding the US presidential election have all contributed to gold breaking its peak,” he said.