Gold price this afternoon November 13, 2024: 9999 gold ring price drops sharply, SJC stable
Gold price this afternoon, November 13, 2024: PNJ gold ring price continued to fall sharply, falling back to 80.8 million VND/tael. Meanwhile, SJC gold price was stable compared to yesterday.
Domestic gold price this afternoon November 13, 2024
As of 1:45 p.m. on November 13, the price of PNJ gold rings in Hanoi and Ho Chi Minh City has decreased by VND 400,000/tael in both buying and selling directions, currently at VND 80.8 million/tael (buying) and VND 82.4 million/tael (selling).
The price of SJC gold of Phu Quy Group decreased slightly, currently buying at 82.5 million VND/tael, down 300,000 VND/tael, and selling at 84 million VND/tael, down 100,000 VND/tael.
Meanwhile, SJC gold of SJC Company and DOJI Group remained the same price as yesterday, fluctuating between 80.5 - 84 million VND/tael (buy - sell).
Over the past month (from October 13 to November 13), SJC gold price has decreased by 2 million VND/tael for buying and 500,000 VND/tael for selling.
In reality, while yesterday customers could freely buy gold bars and gold rings, this morning (November 13), many large gold shops have begun to apply regulations to limit the amount of gold that can be purchased. At a gold shop in Binh Thanh District, Ho Chi Minh City, each customer can only buy a maximum of 2 taels of gold rings, and SJC gold bars are not available.
| Today (November 13, 2024) | Yesterday (November 12, 2024) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 80,500 | 84,000 | 80,500 | 84,000 |
| DOJI Hanoi | 80,500 | 84,000 | 80,500 | 84,000 |
| DOJI SG | 80,500 | 84,000 | 80,500 | 84,000 |
| BTMC SJC | 80,700 200 | 84,000 | 80,500 | 84,000 |
| Phu Quy SJC | 80,500 300 | 84,000100 | 80,800 | 84,100 |
| PNJ HCMC | 80,800400 | 82,400400 | 81,200 | 82,800 |
| PNJ Hanoi | 80,800400 | 82,400400 | 81,200 | 82,800 |
International gold price this afternoon November 13, 2024
In the international market, gold prices are at their lowest level in nearly two months. Spot gold prices fell 0.7% to $2,600.93/ounce at 2:23 a.m. on November 13 (Hanoi time), and at one point fell as much as 1% to $2,589.59/ounce. Meanwhile, gold futures in the US fell 0.4%, closing at $2,606.30/ounce.
The dollar index has risen to its highest level in more than four months, making gold more expensive for holders of other currencies. Bitcoin has also risen as investors expect a breakthrough when Donald Trump takes office in January 2025. US government bond yields are also higher.
Despite the short-term downtrend, Daniel Pavilonis, strategist at RJO Futures, believes that gold still has long-term upside potential. With the possibility of rising inflation due to US policy, gold could benefit. Technically, Pavilonis predicts the market is preparing for a new rally with support around $2,600 an ounce.
