Gold price today 9/29: Big profit after a week of buying gold rings

SJC gold bar price

At the end of the weekly trading session, DOJI Group listed the price of SJC gold at 81.5-83.5 million VND/tael (buy - sell).

Compared to the closing price of last week's trading session, gold price at DOJI increased by 1.5 million VND/tael for both buying and selling.

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

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 81.5-83.5 VND/tael (buy - sell).

Compared to the closing price of last week's trading session, the gold price at Saigon Jewelry Company SJC increased by 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.

Last week, SJC gold price increased sharply, however the high difference between buying and selling gold caused investors to suffer losses.

If you buy gold at DOJI Group on September 22 at VND82 million/tael and sell it today (September 29), you will lose VND500,000/tael. Similarly, those who buy gold at Saigon Jewelry Company SJC will also lose VND500,000/tael.

Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.

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); an increase of 3.35 million VND/tael for buying and 2.9 million VND/tael for selling compared to the closing price of last week's trading session.

Saigon Jewelry Company listed the price of gold rings at 81.5-83 million VND/tael (buy - sell); an increase of 2.6 million VND/tael for buying and 2.8 million VND/tael for selling compared to the closing price of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 82.54-83.44 million VND/tael (buy - sell); an increase of 3.15 million VND/tael for buying and 2.9 million VND/tael for selling compared to the closing price of the previous trading session.

After a week of strong increases, if investors buy gold rings in the session of September 22 and sell them in today's session (September 29), the profit investors will receive when buying at DOJI, Saigon Jewelry Company and Bao Tin Minh Chau is VND2.2 million/tael, VND1.3 million/tael and VND2 million/tael respectively.

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

At the end of the trading session of the week, the world gold price listed on Kitco was at 2,658.5 USD/ounce, up 36.3 USD/ounce compared to the closing session of the previous week. In less than half a month, the world gold price has increased by more than 80 USD/ounce.

Gold Price Forecast

World gold prices recovered slightly after a decline at the end of the week amid a decline in the USD index. Recorded at 6:00 a.m. on September 29, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 100,110 points (down 0.14%).

The main economic news event next week will be the US September non-farm payrolls report, due out on Friday morning. Other important data include the European CPI on Tuesday, the US services purchasing managers index (PMI) and JOLTS job openings report, the ADP jobs report on Wednesday and the US weekly jobless claims report on Thursday morning.

Markets will also be closely listening to Fed Chairman Jerome Powell at the National Association for Business Economics (NABE) annual meeting on Monday, his first live event since the central bank’s monetary policy meeting last week.