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 prices at DOJI remained unchanged in both buying and selling directions.
The difference between buying and selling prices 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 82.75-83.45 million VND/tael (buy - sell); increased by 250,000 VND/tael for buying and increased by 100,000 VND/tael for selling.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 82.54-83.44 million VND/tael (buy - sell), an increase of 310,000 VND/tael for buying and an increase of 100,000 VND/tael for 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 2,658.5 USD/ounce, down 10.7 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell despite the decline in the USD index. Recorded at 8:55 a.m. on September 28, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100.150 points (down 0.1%).
According to Kitco, the reason for the decline in gold prices despite many supporting factors comes from investors' profit-taking activities.
Despite the decline in world gold prices, experts are still quite positive about the prospects in the coming time. The Global Market and Economic Research Department, UOB Bank (Singapore) has just released the latest report on the outlook for world gold prices.
In the report, experts predict that gold prices will reach 2,700 USD/ounce in the fourth quarter of 2024, 2,800 USD/ounce in the first quarter of 2025, 2,900 USD/ounce in the second quarter of 2025 and finally 3,000 USD/ounce in the third quarter of 2025.
Gold is likely to hit $3,000 an ounce this year, according to Phillip Streible, market strategist at Blue Line Futures. Concerns about the situation in the Middle East, a possible labor market downturn, a possible 50 basis point interest rate cut by the Federal Reserve and more stimulus from China are all factors that will support the gold market.
Despite falling in the last trading session of the week, the world gold price still recorded its third consecutive week of increase thanks to increasing expectations of another strong US interest rate cut this year. The precious metal is also heading for its best quarter in more than 8 years after repeatedly "breaking" records in the past 3 months.
As a hedge against geopolitical and economic uncertainty, gold has gained about 14% this quarter, its biggest gain since the first quarter of 2016, and is up about 29% this year, its biggest gain in 14 years.
