SJC gold bar price
As of 9:00 a.m., 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 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, 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
This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 81.95-82.95 million VND/tael (buy - sell); an increase of 500,000 VND/tael for buying and 450,000 VND/tael for selling compared to the opening of the trading session yesterday morning. This is the highest price in history.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 81.83-82.93 million VND/tael (buy - sell), an increase of 250,000 VND/tael for buying and an increase of 450,000 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 9:00 a.m., the world gold price listed on Kitco was at 2,660.4 USD/ounce, down 2.5 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices are anchored at a record high amid a decline in the USD index. Recorded at 9:00 a.m. on September 26, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100,600 points (down 0.04%).
According to CNBC, gold prices have skyrocketed more than 28% since the beginning of the year thanks to the loosening of central bank monetary policy and geopolitical conflicts. Many analysts believe that the precious metal will continue to increase, with the possibility of reaching the milestone of $ 2,700 / ounce not far away...
According to Kitco, the trend of central bank rate cuts continues. China on Tuesday cut the interest rate on its one-year medium-term lending facility from 2.3% to 2.0%. The move was not unexpected.
The People's Bank of China (PBOC) also lent 300 billion yuan (about $43 billion) to financial institutions, which is good news for the raw commodities sector, including precious metals.
Meanwhile, Sweden's central bank, Riksbank, has just cut its key policy rate by 0.25% to 3.25%. The Riksbank is expected to cut rates further this year...
The Israel-Hezbollah military conflict has escalated recently. According to Aljazeera, Hezbollah launched a rocket targeting the headquarters of the Israeli Intelligence Agency (Mossad) near Tel Aviv on September 25.
The death toll from the series of explosions has so far reached 500 people killed and around 10,000 injured. Hezbollah has repeatedly accused Israel of being behind the attack. This situation is fueling demand for safe haven gold.
Commodity analysts at BMO Capital Markets in Canada said that interest rate cuts by the US Federal Reserve (FED), which is currently leading the global easing trend, will benefit gold.
However, analysts are paying more attention to the precious metal's role as a global currency: "Gold is being brought back into the monetary system as the trend of de-dollarization of trade accelerates."
