Gold price this afternoon November 15, 2024: 9999 gold ring price and SJC gold price increased slightly again
Gold price this afternoon November 15, 2024: 9999 gold ring price increased again. SJC Bao Tin Minh Chau and Phu Quy SJC gold prices increased by 300 thousand VND/tael in the buying direction.
Domestic gold price this afternoon November 15, 2024
At 2:00 p.m. on November 15, 2024, the price of SJC gold is currently trading at 80 million VND/tael for buying and 83.5 million VND/tael for selling. This price has not changed compared to before, remaining stable in both buying and selling directions.
For Phu Quy SJC gold, the buying price recorded an increase of VND300,000/tael, up to VND80.3 million/tael, while the selling price remained at VND83.5 million/tael.
DOJI gold price also did not fluctuate, with the buying price being 80 million VND/tael and the selling price being 83.5 million VND/tael, stable in both directions.
At Bao Tin Minh Chau Company, SJC gold bar price is being traded at 80.3 million VND/tael for buying (up 300,000 VND/tael) and 83.5 million VND/tael for selling.
Meanwhile, the price of plain round gold rings at this enterprise also increased slightly, reaching a buying price of VND80.78 million/tael and a selling price of VND82.68 million/tael.
PNJ gold price in Ho Chi Minh City and Hanoi remained unchanged, with buying price at 80 million VND/tael and selling price at 81.9 million VND/tael.
This afternoon, the domestic gold ring price continued to increase. DOJI Gold and Gemstone Group raised the buying price of 9999 gold rings to VND81 million/tael (up VND300,000/tael), while the selling price remained at VND82.7 million/tael.
At the same time, Saigon Jewelry Company (SJC) listed the price of 1-5 ring gold at only 79.3 million VND/tael for buying and 81.8 million VND/tael for selling, unchanged from before.
| Today (November 15, 2024) | Yesterday (November 14, 2024) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 80,000 | 83,500 | 80,000 | 83,500 |
| DOJI Hanoi | 80,000 | 83,500 | 80,000 | 83,500 |
| DOJI SG | 80,000 | 83,500 | 80,000 | 83,500 |
| BTMC SJC | 80,300  300 | 83,500 | 80,000 | 83,500 |
| Phu Quy SJC | 80,300 300 | 83,500 | 80,000 | 83,500 |
| PNJ HCMC | 80,000 | 81,900 | 80,000 | 81,900 |
| PNJ Hanoi | 80,000 | 81,900 | 80,000 | 81,900 |
International gold price this afternoon November 15, 2024
Currently, the world gold price is trading at 2,569 USD/ounce. Converted according to the free market exchange rate (25,709 VND/USD), the world gold price is equivalent to 80.51 million VND/tael (including taxes and fees). Compared to domestic gold rings, the world gold price is 2.17 million VND/tael lower and has increased by nearly 200,000 VND compared to the same time yesterday.
The State Bank announced the central exchange rate on November 15, 2024 at 24,298 VND/USD, an increase of 8 VND compared to the previous trading session.
At commercial banks, the USD exchange rate is listed at 25,160 VND/USD (buy) and 25,512 VND/USD (sell).
Gold prices are under pressure due to the strength of the US dollar and high US Treasury yields. The DXY index, which measures the value of the dollar against other major currencies, is currently above 106 points, up 0.35% from yesterday.
The growth came from a report from the US Department of Labor, which showed consumer prices rose in October, strengthening the US economic outlook.
According to CME's FedWatch tool, there is a 79.1% chance that the US Federal Reserve (Fed) will cut interest rates at its meeting on December 18, while 20.9% think interest rates will remain unchanged.
Mr. Zain Vawda commented that in the short term, gold prices may recover slightly but will fall again if inflation increases after the US imposes new tariffs.
Sharing the same view, analyst Jim Wyckoff from Kitco predicts that gold prices are likely to recover to $2,700/ounce, but if they fail to reach it, the precious metal could stabilize at $2,500/ounce.
