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 82.5-83.35 million VND/tael (buy - sell); an increase of 550,000 VND/tael for buying and an increase of 400,000 VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 82.23 - 83.33 million VND/tael (buy - sell), an increase of 400,000 VND/tael for both buying and selling.
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 8:50 a.m., the world gold price listed on Kitco was at 2,669.2 USD/ounce, up 8.8 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices hit a record high despite the recovery of the USD index. Recorded at 8:55 a.m. on September 27, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100.462 points (up 0.17%).
Last night, in a landmark moment for the precious metals market, gold futures skyrocketed to an all-time high of $2,700 an ounce.
This remarkable achievement not only sets a new record for gold, but also marks the highest monetary value ever achieved by any precious metal (gold, silver, platinum) in history.
According to Kitco, gold prices increased as the market received more economic stimulus measures from China. Safe-haven demand is supporting the precious metal.
China pledged on Tuesday to stabilize its property sector and add more fiscal stimulus after the People's Bank of China (PBOC) unveiled its biggest monetary stimulus package since the COVID-19 pandemic earlier this week.
The latest announcement also comes amid speculation that China will miss its 5% GDP growth target this year. China has pledged to issue and use government bonds to support investment.
Meanwhile, geopolitical tensions in many regions around the world continue to escalate, making the need for safe haven gold cash flow more evident.
Market sentiment now suggests that another rate cut is imminent. The CME FedWatch tool shows a 51.1% chance of another 50 basis point cut at the Federal Reserve's next FOMC meeting on November 7, while 48.9% favor a 25 basis point cut.
