SJC gold bar price
As of 9:00 a.m., the price of SJC gold bars was listed by DOJI Group at 82 - 84 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 82 - 84 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 82.2-83.15 million VND/tael (buy - sell); an increase of 300,000 VND/tael for buying and an increase of 250,000 VND/tael for selling compared to early yesterday morning.
Despite the drop in world gold prices, the price of plain round gold rings in the domestic market remains high.
World gold price
As of 8:45 a.m., the world gold price listed on Kitco was at 2,656.48 USD/ounce, down 3.4 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell slightly amid an increase in the USD index. Recorded at 8:45 a.m. on October 3, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 101,510 points (up 0.13%).
According to Kitco, the world gold price is slightly decreasing due to profit taking and liquidation activities. In addition, due to the strength of the USD, December gold decreased by 18.2 USD to 2,672.30 USD/ounce.
Gold failed to break out despite escalating tensions in the Middle East. Iran fired hundreds of missiles at Israel.
According to Iran's Islamic Revolutionary Guard Corps, Iranian forces used the Fattah supersonic missile for the first time in the attack on the night of October 1 and 90% of the missiles launched by the country hit targets in Israel.
According to Iran's state news agency, three Israeli military bases were targeted. Tehran stressed that the attack on the night of October 1 was in response to Israel's killing of military leaders and attacks in Lebanon and Gaza.
In the long term, the outlook for interest rates will continue to drive gold prices, according to ANZ senior commodity strategist Daniel Hynes, who said the 28% gain this year was also partly driven by the easing policy of the US Federal Reserve (FED).
Traders are now pricing in a 61% chance that the Federal Reserve will cut interest rates by 25 basis points at its November meeting.
