Domestic gold price today 13.9
Early morning of September 13 , SJC 9999 gold price today remained unchanged compared to yesterday's closing price.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:47 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:44 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 68,050,000 VND/tael | 68,770,000 VND/tael |
| SJC HCMC | 68,050,000 VND/tael | 68,750,000 VND/tael |
| SJC Danang | 68,050,000 VND/tael | 68,770,000 VND/tael |
| Doji Hanoi | 68,000,000 VND/tael | 68,800,000 VND/tael |
| Doji HCMC | 68,050,000 VND/tael | 68,750,000 VND/tael |
SJC and DOJI gold price list updated early morning September 13
At the end of the trading session on September 12, the domestic 9999 gold price was listed by SJC and Doji Gold and Gemstone Group in the following order of buying and selling:
SJC Hanoi: 68,050,000 VND/tael - 68,770,000 VND/tael
Doji Hanoi: 68,050,000 VND/tael - 68,850,000 VND/tael
SJC HCMC: 68,050,000 VND/tael - 68,750,000 VND/tael
Doji HCMC: 68,100,000 VND/tael - 68,800,000 VND/tael
The central exchange rate on September 13 announced by the State Bank is 23,995 VND/USD, an increase of 14 VND compared to yesterday. The USD price at commercial banks this morning (September 13) was traded around 23,900 VND/USD (buy) and 24,270 VND/USD (sell).
International gold price today 13.9
At 9:08 a.m. today (September 13, Vietnam time), the world spot gold price stood at around 1,910.8 USD/ounce, down 1.2 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,933.3 USD/ounce.
On the night of September 12 (Vietnam time), the world spot gold price stood at around 1,912 USD/ounce. Gold for December delivery on the Comex New York floor was at 1,946 USD/ounce.
The world gold price on the night of September 12 was about 4.8% higher (88 USD/ounce) than at the beginning of 2023. World gold converted to the bank USD price was 56.4 million VND/tael, including taxes and fees, about 12 million VND/tael lower than the domestic gold price as of the end of the afternoon session on September 12.
Gold fell sharply mainly due to the US dollar continuing to strengthen across Asia.
The Chinese Yuan (CNY) is hovering around a 16-year low. On the afternoon of September 12, the exchange rate was 7.29 yuan per USD. On September 8, the CNY fell to 7.35 yuan per USD. Some reports said that the CNY could fall to 7.5 or even 7.7 yuan per USD.
The Japanese Yen is also at a very low level, also gradually approaching the threshold of 147 JPY to 1 USD. Since the beginning of the year, the Japanese Yen has decreased by nearly 11.9%.
In the world, the USD continues to hold high with the DXY index (measuring the greenback's fluctuations against 6 major currencies in the world) standing at 104.8 points.
The USD in Vietnam has increased sharply in the past few days amid the continued increase in exchange rate pressure in the Asian region as the US Federal Reserve (Fed) continues to maintain a tight monetary policy and may raise interest rates one more time (for the 12th time) from now until the end of the year, at its meeting in September or November.
Gold is expected to fall in the short term, but may not fall quickly. The high US consumer price index (CPI) may put pressure on gold prices in the near term.
Currently, the market predicts a 93% chance that the Fed will keep interest rates steady at its September 19-20 policy meeting, but could raise interest rates in November 2023.
Gold Price Forecast
In the long term, gold is expected to increase, even increase sharply. On Kitco, Michael Lee, founder of Michael Lee Strategy, said that gold prices could skyrocket and reach $5,000/ounce within the next 3 years.
According to Kitco expert Michelle Makori, the majority of Americans have fallen into recession. This is reflected in the severe recession in the labor market. Gold will benefit from the falling interest rates and the US economy in crisis. Investors are looking for a safe haven in gold.
Currently, gold is strongly supported at the 200-day moving average price, at around $1,920/ounce.
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