LIVE UPDATE TABLE OF GOLD PRICE TODAY 11/14 AND EXCHANGE RATE TODAY 11/14
| 1. PNJ - Updated: November 13, 2023 22:00 - Time of website supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 58,500 ▲100K | 59,600 ▲100K |
| HCMC - SJC | 69,300 ▲100K | 70,300 ▲100K |
| Hanoi - PNJ | 58,500 ▲100K | 59,600 ▲100K |
| Hanoi - SJC | 69,300 ▲100K | 70,300 ▲100K |
| Da Nang - PNJ | 58,500 ▲100K | 59,600 ▲100K |
| Da Nang - SJC | 69,300 ▲100K | 70,300 ▲100K |
| Western Region - PNJ | 58,500 ▲100K | 59,600 ▲100K |
| Western Region - SJC | 69,400 ▲200K | 70,300 |
| Jewelry gold price - PNJ rings (24K) | 58,500 ▲100K | 59,500 ▲100K |
| Jewelry Gold Price - 24K Jewelry | 58,400 ▲100K | 59,200 ▲100K |
| Jewelry Gold Price - 18K Jewelry | 43,150 ▲70K | 44,550 ▲70K |
| Jewelry Gold Price - 14K Jewelry | 33,380 ▲60K | 34,780 ▲60K |
| Jewelry Gold Price - 10K Jewelry | 23,380 ▲40K | 24,780 ▲40K |
Domestic gold price on the morning of November 13 was adjusted down slightly.
Specifically, in the Hanoi market, DOJI Gold and Gemstone Group listed the price of SJC gold at 69.3 - 70.2 million VND/tael (buy - sell), keeping the same price for buying and decreasing 100 thousand VND/tael for selling compared to the closing price yesterday.
Saigon Jewelry Company listed the price of SJC gold at 69.4 - 70.22 million VND/tael (buy - sell), an increase of 100 thousand VND/tael for buying and a decrease of 100 thousand VND/tael for selling compared to yesterday's closing price.
Phu Quy Gold and Gemstone Group listed the price of SJC gold at 69.3 - 70.3 million VND/tael (buy - sell), keeping the same price in both buying and selling directions compared to the closing price yesterday.
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| Gold price today November 14, 2023: Gold price is still waiting for the right time, safe haven demand cools down, SJC gold has a surprising move. (Source: Reuters) |
Meanwhile, gold prices in the Asian market increased in the first trading session of the week on November 13, in the context that investors are waiting for US inflation data after "hawkish" comments from US Federal Reserve Chairman Jerome Powell, a factor that pushed gold prices to the lowest level in more than three weeks last week.
Spot gold rose 0.1% to $1,939.19 an ounce, after sliding to its lowest since Oct. 18 late last week. Meanwhile, U.S. gold futures rose 0.3% to $1,943.40 an ounce.
Summary of SJC gold prices at major domestic trading brands at the closing time of November 13:
Saigon Jewelry Company listed the price of SJC gold at 69.5 - 70.3 million VND/tael.
Doji Group currently lists SJC gold price at: 69.4 - 70.3 million VND/tael.
PNJ system listed at: 69.3 - 70.3 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at: 69.55 - 70.28 million VND/tael; Rong Thang Long gold brand is traded at 58.83 - 59.78 million VND/tael; jewelry gold price is traded at 58.35 - 59.55 million VND/tael.
Thus, compared to the early morning of November 13, the closing price of SJC gold in the Hanoi market listed by Saigon Jewelry Company increased by VND100,000/tael for buying and VND80,000/tael for selling.
According to World & Vietnam Newspaper , at 7:34 p.m. on November 13 (Vietnam time), the world gold price on Kitco floor was at 1,937.6 - 1,938.6 USD/ounce, down 1.1 USD/ounce compared to the previous trading session.
Converted according to the USD price at Vietcombank on November 13, 1 USD = 24,540 VND, the world gold price is equivalent to 57.31 million VND/tael, 12.99 million VND/tael lower than the selling price of SJC gold.
Gold prices steady as markets await US inflation data
Gold prices held steady near a three-week low on Monday as investors awaited key US inflation data due this week to gauge the Federal Reserve's interest rate path.
Spot gold was little changed at $1,938.48 an ounce at 1110 GMT. U.S. gold futures rose 0.3 percent to $1,942.80.
“It looks extremely quiet today for gold ahead of tomorrow’s US CPI data, any further progress (on the data) would be really meaningful, especially in removing the possibility of a rate hike,” said Craig Erlam , senior market analyst at OANDA.
The monthly core CPI is expected to rise 0.3% in October 2023, with a year-on-year increase of 4.1%, a Reuters poll showed. Both estimates are the same as in September.
Higher interest rates reduce the appeal of bullion, a non-yielding asset.
Gold prices fell 2.8% last week and lost more than $60 an ounce as safe-haven demand cooled and as hawkish comments from Fed Chairman Jerome Powell dampened expectations of a rate cut.
According to the CME FedWatch tool, the market is pricing in an 85% chance that the US central bank will keep interest rates unchanged at its December meeting and a 75% chance that they will cut interest rates in July next year.
The risk premium from the Israel-Hamas conflict “has not yet fully abated and could easily return at any stage but as it subsides, data and the economy become more prominent factors,” Mr Erlam said.
Traders will also look to producer price index data due on November 15.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.1% to 868.14 tonnes on November 10.
Gold demand improved in India last week due to the key festival period, but initial reports showed purchases were slightly lower than last year as higher prices kept some customers cautious.
Among other metals, spot silver fell 0.5% to $22.10 an ounce, while platinum rose 1.4% to $851.78.
Palladium rose 1.6% to $978.68 an ounce but was holding near its lowest since 2018.
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