SJC gold bar price
As of 9:00 a.m., the price of SJC gold bars was listed by DOJI Group at 81.5 - 83.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, gold price at DOJI increased by 1.5 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 81.5 - 83.5 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau is 1.5 million VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Saigon Jewelry Company 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 80.1-81.2 million VND/tael (buy - sell); an increase of 700,000 VND/tael for buying and 650,000 VND/tael for selling compared to the opening of the trading session yesterday morning.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 80.08-81.18 million VND/tael (buy - sell), an increase of 690,000 VND/tael for buying and an increase of 640,000 VND/tael for selling compared to the opening of the trading session this morning.
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 8:55 a.m., the world gold price listed on Kitco was at 2,627.7 USD/ounce, up 7.1 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices hit record highs despite the recovery trend of the USD index. Recorded at 9:10 a.m. on September 23, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 100.657 points (up 0.1%).
Despite the recovery in the US dollar, optimism after the US Federal Reserve (Fed) cut interest rates last week combined with geopolitical tensions continued to fuel gold's rise.
Markets are still reacting to the Fed's 50 basis point rate cut last Wednesday, according to TD Securities head of commodity strategy Bart Melek...
The US central bank has signaled that it is not really worried about inflation and will do its best to keep unemployment in check.
Melek said that if the employment rate declines sharply, the market will believe that the Fed may cut interest rates more aggressively, which is very beneficial for gold. He also added that the instability in the Middle East could also boost the price of this precious metal.
On Kitco, analysts at Switzerland's leading investment bank UBS said that gold is one of the best performing assets in 2024.
Analysts say the rally could continue, with a price target of $2,700 an ounce by mid-2025.
Meanwhile, TradingView analyst Xanrox said that gold could rise above $2,800 an ounce as the precious metal “has started a historic uptrend.” “I expect gold to hit new highs in the coming days or weeks,” he said.
