SJC gold bar price
As of 9:00 a.m., the price of SJC gold bars was listed by DOJI Group at 83 - 85 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 83 - 85 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 Bao Tin Minh Chau 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 82.40-83.40 million VND/tael (buy - sell); down 350,000 VND/tael for buying and down 200,000 VND/tael for selling compared to early yesterday morning.
The price of PNJ 9999 plain gold rings is listed by PNJ at 82.3-83.3 million VND/tael (buy - sell), down 400,000 VND/tael for buying and down 300,000 VND/tael for selling.
Bao Tin Minh Chau listed the price of plain round gold at 82.38-83.38 million VND/tael (buy - sell); down 300,000 VND/tael for buying and down 200,000 VND/tael for selling.
World gold price
As of 9:00 a.m., the world gold price listed on Kitco was at 2,619.2 USD/ounce, down 24.9 USD/ounce compared to the beginning of the previous trading session.
Gold Price Forecast
World gold prices fell sharply amid an increase in the USD index. Recorded at 9:00 a.m. on October 9, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 102.269 points.
World gold prices fell sharply, hitting a three-week low after news that Hezbollah wanted to discuss a ceasefire with Israel.
A senior Hezbollah official said yesterday (October 8) he supported Lebanese authorities' efforts towards a ceasefire, but would continue fighting if Israel did not halt its campaign.
"We support the political efforts that Lebanese Parliament Speaker Nabih Berri is making towards a ceasefire," said Hezbollah deputy leader Naim Qassem in a televised speech.
This is the first time Hezbollah has not mentioned ending the conflict in Gaza as a precondition for stopping fighting on the Lebanon-Israel border. It is not clear whether this is a sign of a change in Hezbollah's stance.
Market participants are taking the news as a sign of easing tensions in the Middle East. A wave of selling immediately followed, sending gold prices sharply lower.
Currently, the market is focusing on the minutes of the latest policy meeting of the US Federal Reserve (FED), scheduled to be released on October 9 (US time), followed by US consumer price index data and producer price index data.
In a recent note, Commerzbank said that upcoming inflation data is likely to show continued easing of price pressures. However, the report is unlikely to change expectations regarding the magnitude of rate cuts at the next policy meeting.
According to the CME FedWatch tool, markets are no longer pricing in a 50 basis point cut at the Fed’s November meeting. They now see an 87% chance of a 25 basis point cut.
See more news related to gold prices HERE...
