Domestic gold price today September 18
Early morning of September 18 , the price of SJC 9999 gold today increased by 50 thousand VND/tael in both buying and selling compared to the end of last week's trading session, reaching 69 million VND/tael (selling).
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:24 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:35 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 68,300,000 VND/tael | 69,020,000 VND/tael |
| SJC HCMC | 68,300,000 VND/tael | 69,000,000 VND/tael |
| SJC Danang | 68,300,000 VND/tael | 69,020,000 VND/tael |
| Doji Hanoi | 68,100,000 VND/tael | 69,000,000 VND/tael |
| Doji HCMC | 68,200,000 VND/tael | 68,900,000 VND/tael |
SJC and DOJI gold price list updated early morning September 18
At the end of last week's trading session, the price of 9999 gold bars at SJC Ho Chi Minh City was VND68.25 million/tael (buy) and VND68.95 million/tael (sell). SJC Hanoi listed at VND68.25 million/tael (buy) and VND68.97 million/tael (sell).
Doji Hanoi listed at 68.1 million VND/tael (buy) and 69 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 68.1 million VND/tael and sold at 68.8 million VND/tael.
International gold price today September 18
At 9:03 a.m. today (September 18, Vietnam time), the world spot gold price stood at around 1,924.8 USD/ounce, up 0.8 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,947 USD/ounce.
On the morning of September 18 , world gold converted to USD bank price was nearly 56.69 million VND/tael (excluding tax and fees), about 12.33 million VND/tael lower than domestic gold price.
On the world market, the spot gold price on Kitco ended the weekend trading session at 1,924 USD/ounce.
The direction of gold will be clearer this week after the US Federal Reserve (Fed) decides on monetary policy at its meeting on September 20-21 (US time). Experts predict that the Fed will most likely not raise interest rates, but will maintain them at current high levels.
According to the CME FedWatchTool, there is a 60% chance that interest rates will remain unchanged between now and the end of the year.
Edward Moya, senior market analyst at OANDA, said central banks are signaling the end of their rate-hike cycle, which makes gold more attractive.
Although it still seems not ready to break out, the dovish stance of the world's central banks continues to support gold prices.
Colin Cieszynski, chief market strategist at SIA Wealth Management, said gold will rise but will have difficulty breaking above $1,980 an ounce ahead of the Fed meeting.
While caught between inflation and recession, Cieszynski said the long-term outlook for gold is bullish.
Gold Price Forecast
According to Kitco News' Wall Street survey, 33% of experts predict gold prices will increase, 33% predict a decrease and the remaining 33% predict a sideways trend.
Meanwhile, 415 people participated in an online poll. The results showed that 43% said that gold prices would increase, 38% predicted a decrease, and 19% chose to stay the same.
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