Gold price today September 17, 2024, gold ring price and world "hand in hand" increased sharply to an all-time record high. Investors are taking profits, the threshold of 3,000 USD/ounce is being "watched".
| 1. SJC - Updated: 09/12/2024 08:31 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 78,500 | 80,500 |
| SJC 5c | 78,500 | 80,520 |
| SJC 2c, 1c, 5 phan | 78,500 | 80,530 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 77,900 ▲100K | 79,200 ▲100K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,900 ▲100K | 79,300 ▲100K |
| Jewelry 99.99% | 77,800 ▲100K | 78,800 ▲100K |
| Jewelry 99% | 76,020 ▲99K | 78,020 ▲99K |
| Jewelry 68% | 51,239 ▲68K | 53,739 ▲68K |
| Jewelry 41.7% | 30,513 ▲42K | 33,013 ▲42K |
Update gold price today 9/17/2024
Domestic gold price
On the morning of September 16, the price of gold rings continued to increase, reaching a historical peak of 79.2 million VND/tael, while SJC gold bars remained at 80.5 million VND/tael (afternoon sale).
Specifically, Saigon Jewelry Company (SJC) and DOJI Jewelry Group announced the selling price of SJC gold bars at 78.5 - 80.5 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the previous closing price.
Meanwhile, the price of gold rings continued to increase, reaching a historical record. Specifically, DOJI Gold and Gemstone Group listed the price of gold rings at 78 - 79.2 million VND/tael (buy - sell), an increase of 100 thousand VND/tael in both buying and selling compared to the previous session.
The price of gold rings has increased the most ever in the context of the world gold price continuously reaching new peaks. Meanwhile, the price of SJC gold bars is often adjusted more slowly because the State Bank sets the price. Experts predict that the price of gold will continue to increase from now until the end of the year and break new records.
With the new record, the price of gold rings is now higher than the purchase price of SJC gold bars, and only 1.3 million VND/tael cheaper than gold bars.
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| Gold price today September 17, 2024: Gold ring price makes history, the world 'dances', aiming straight for the 3,000 USD mark, profit-taking wave appears. (Source: Kitco) |
Summary of SJC gold bar prices at major domestic trading brands at closing times of trading session on the afternoon of September 16 :
Saigon Jewelry Company: SJC gold bars 78.5 - 80.5 million VND/tael; SJC gold rings 77.9 - 79.2 million VND/tael.
Doji Group: SJC gold bars 78.5 - 80.5 million VND/tael; 9999 round rings (Hung Thinh Vuong): 78.0 - 79.2 million VND/tael.
PNJ system: SJC gold bars 78.5 - 80.5 million VND/tael; PNJ 999.9 plain gold rings: 78.0 - 79.2 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars: 78.5 - 80.5 million VND/tael; Phu Quy 999.9 round gold rings: 78.0 - 79.2 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at: 78.5 - 80.5 million VND/tael. The price of round gold rings at Vang Rong Thang Long is listed at 77.98 - 79.18 million VND/tael.
According to the World & Vietnam Newspaper , information on Kitco News , as of 4:25 p.m. Vietnam time on September 16, the world gold price was listed at 2,587.3 USD/ounce, an increase of 8.4 USD/ounce compared to the previous trading session.
Converted according to the USD price at Vietcombank on September 16, 1 USD = 24,720 VND, the world gold price is equivalent to 77.06 million VND/tael, 3.44 million VND/tael lower than the selling price of SJC gold.
World gold price increased sharply
World gold prices soared to a record high on the afternoon of September 16 due to the weak USD and expectations that the US Federal Reserve (Fed) will cut interest rates sharply this week.
Spot gold rose 0.5% to $2,588.29 an ounce at around 1 p.m. (Vietnam time) after hitting a record high of $2,589.23 an ounce earlier in the session. US gold futures also rose 0.2% to $2,615.80 an ounce.
Traders said trading volumes were low as markets in China, Japan, Indonesia, Malaysia and South Korea were closed for the Mid-Autumn Festival.
The US dollar fell 0.2%, making gold cheaper for holders of other currencies.
The prospect of a 50 basis point rate cut by the Fed this week has caused gold and the US dollar to move in opposite directions, said Tim Waterer , senior market analyst at KCM Trade.
According to him, with the current developments, gold prices may continue to increase. If the USD continues to decrease, gold prices may reach 2,700 USD/ounce by the end of this year.
The Bank of England and the Bank of Japan will also announce policy decisions later this week.
According to the CME FedWatch tool, the market is now pricing in a 59% chance that the Fed will cut by 50 basis points on September 18. This would be the Fed's first rate cut since 2020.
Earlier on September 16, gold prices in the Asian market increased slightly. Specifically, in the Bengaluru market (India), spot gold prices increased by 0.2% to 2,580.81 USD/ounce.
Data released late last week showed that the US consumer confidence index rose to 69.0 in September 2024, from 67.9 in August, reflecting an improvement in consumer sentiment as inflation eased, although caution remained ahead of the presidential election in November.
Investors in the gold market are taking profits as gold prices surge to record highs, with the $3,000/ounce threshold in sight, thanks to monetary policy easing by major central banks and the heated race for the White House.
Source: https://baoquocte.vn/gia-vang-hom-nay-1792024-gia-vang-nhan-lam-nen-lich-su-the-gioi-nhay-mua-nham-thang-moc-3000-usd-xuat-hien-lan-song-chot-loi-286504.html
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