LIVE UPDATE TABLE OF GOLD PRICE TODAY 11/21 AND EXCHANGE RATE TODAY 11/21
| 1. PNJ - Updated: 11/21/2023 00:30 - Website supply time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 59,100 | 60,200 |
| HCMC - SJC | 70,100 | 70,850 |
| Hanoi - PNJ | 59,100 | 60,200 |
| Hanoi - SJC | 70,100 | 70,850 |
| Da Nang - PNJ | 59,100 | 60,200 |
| Da Nang - SJC | 70,100 | 70,850 |
| Western Region - PNJ | 59,100 | 60,200 |
| Western Region - SJC | 70,150 | 70,850 |
| Jewelry gold price - PNJ rings (24K) | 59,100 | 60,100 |
| Jewelry Gold Price - 24K Jewelry | 59,000 | 59,800 |
| Jewelry Gold Price - 18K Jewelry | 43,600 | 45,000 |
| Jewelry Gold Price - 14K Jewelry | 33,730 | 35,130 |
| Jewelry Gold Price - 10K Jewelry | 23,630 | 25,030 |
Domestic gold price on the morning of November 20 was stable, maintaining a trading level of nearly 71 million VND/tael.
Specifically, in the Hanoi market, DOJI Gold and Gemstone Group listed the price of SJC gold at 69.95 - 70.75 million VND/tael (buy - sell), keeping the price unchanged in both buying and selling directions compared to the closing price at the end of last week.
Saigon Jewelry Company listed the price of SJC gold at 70.05 - 70.77 million VND/tael, an increase of 100,000 VND/tael in the buying price and keeping the selling price unchanged compared to the closing price last weekend.
Phu Quy Gold and Gemstone Group listed the price of SJC gold at 69.95 - 70.75 million VND/tael (buy - sell), keeping the buying price unchanged and increasing the selling price by 50 thousand VND/tael compared to the closing price last weekend.
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| Gold price today November 21, 2023: Gold price leaves important milestone, investors 'watch' for new catalysts, SJC gold goes against the world trend. (Source: Reuters) |
Meanwhile, in the Asian market, gold prices fell slightly in early trading on the morning of November 20 after hitting a two-week high in the previous session, due to a slight increase in US Treasury bond yields.
Spot gold fell 0.2% to $1,975.80 an ounce at 7:43 a.m. (Vietnam time), after rising 2.2% last week. US gold futures also fell 0.3% to $1,978.50 an ounce.
Summary of SJC gold prices at major domestic trading brands at the closing time of November 20:
Saigon Jewelry Company listed the price of SJC gold at 70.15 - 70.85 million VND/tael.
Doji Group currently lists the price of SJC gold at: 70.1 - 70.85 million VND/tael.
PNJ system listed at: 70.1 - 70.85 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at: 70.18 - 70.80 million VND/tael; Rong Thang Long gold brand is traded at 59.51 - 60.46 million VND/tael; jewelry gold price is traded at 59.05 - 60.25 million VND/tael.
Thus, compared to the early morning of November 20, 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 6:07 p.m. on November 20 (Vietnam time), the world gold price on Kitco floor was at 1,975.1 - 1,976.1 USD/ounce, down 6 USD/ounce compared to the previous trading session.
Converted according to the USD price at Vietcombank on November 20, 1 USD = 24,345 VND, the world gold price is equivalent to 57.96 million VND/tael, 12.89 million VND/tael lower than the selling price of SJC gold.
Gold prices fall from two-week high
Gold prices edged lower from a two-week high in early trading on Monday as US Treasury yields rose, as investors awaited minutes from the US Federal Reserve's meeting to assess the central bank's policy stance.
Spot gold fell 0.1% to $1,977.30 an ounce at 1017 GMT, after rising to a high of $1,993.29 on Friday. U.S. gold futures fell 0.3% to $1,979.60.
“Gold investors are taking a breather after the precious metal rose more than 2% last week… There may also be a lot of geopolitical risk premium that has yet to be absorbed into spot gold prices,” said Han Tan, chief market analyst at Exinity.
“Traders appear to be waiting for the outcome of today’s 20-year US Treasury bond auction before deciding whether to extend gold’s gains from last week,” Mr Tan said.
The Fed meeting minutes will be released today, November 21 (local time).
Data last week signaled that the Fed could start easing monetary conditions sooner than expected following a report of a slowing US jobs market and weaker-than-expected consumer inflation.
Lower interest rates increase the appeal of non-yielding bullion.
“On the other hand, seeing the pretty significant divergence of where gold is trading at the moment with real yields… we would need much weaker data from here to really be a catalyst for gold to move above $2,000 an ounce,” said Kyle Rodda , financial markets analyst at Capital.com.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 1.49% to 883.43 tonnes on Friday.
Forecasting the gold price trend, experts remain optimistic. Analysts believe that expectations of interest rate changes as inflation cools, demand for gold from central banks around the world and concerns about economic recession will be factors supporting gold prices in the coming time.
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