Specifically, the SJC gold price in the market is currently ranging from 138.1 to 140.1 million VND per tael, marking a 1.5 million VND increase today. This represents an all-time high for this type of gold.
The price of 24k round gold rings (9999) has also risen by approximately 1.5 to 1.8 million VND per tael. Price listings vary significantly across brands. SJC Company lists smooth gold rings at 133.8 to 136.5 million VND per tael. Bao Tin Minh Chau has increased prices to 135.3 to 138.3 million VND per tael. Both DOJI Group and PNJ list prices at 133.5 to 136.5 million VND per tael.
Gold prices at DOJI
In the international market, spot gold prices surged by over 60 USD per ounce today, setting a new record high of 3,950 USD per ounce.
According to Kitco News’ weekly gold survey, Wall Street analysts maintain a strong bullish sentiment following an impressive trading week, while individual investors are increasingly confident in the precious metal’s upward trajectory this week. Many experts predict gold will soon reach the 4,000 USD per ounce milestone in the near term. Marc Chandler, CEO of Bannockburn Global Forex, commented: “Gold prices have risen for seven consecutive weeks, with only one week of decline since late July. The risk of a U.S. government shutdown, Europe’s consideration of repurposing frozen Russian assets, and escalating tensions in Europe are bolstering positive sentiment toward gold.”
He added, “A short-term support level has formed around 3,800 USD per ounce. The 4,000 USD mark no longer seems out of reach.”
Echoing this view, Darin Newsom, senior analyst at Barchart.com, stated succinctly: “Prices will rise. The situation in the U.S. is worsening, not improving. Global central banks and investors recognize this and continue to buy gold.”
Gold Ring and SJC Gold Prices Continue to Decline on the Afternoon of October 2nd
The current market price for SJC gold is set at 138 million VND per tael, while gold rings are trading at 135 million VND per tael.
The Golden Monopoly is Over: When Will Prices Drop?
According to experts, the elimination of the gold bullion monopoly will not lead to an immediate decrease in gold prices in the short term. There will be a certain lag before prices adjust.
Today: Domestic Gold Prices Continue to Surge Amid Global Decline
This morning, gold ring and SJC gold prices continued their upward trajectory, reaching new heights while global gold prices took a downturn.
The Golden Opportunity: Unveiling the SJC Gold Price Surge and Its Impact on Investors
In the Kitco survey, there was an absence of predictions for a decline in gold prices.
Today’s Gold Price Update: Small Retailers Push SJC Gold Bar Prices to 128 Million VND per Tael
Today, gold prices continue their upward trajectory, surging by millions of dong per tael compared to last week’s closing, with the highest peak reaching an impressive 128 million dong per tael.
