Gold price this afternoon November 19, 2024: Gold ring and SJC gold prices increased sharply by millions of dong
Gold price this afternoon, November 19, 2024: The price of gold rings and SJC gold increased sharply to the mark of 85 million VND/tael, in the same direction as the world gold price.
Domestic gold price this afternoon November 19, 2024
At 1:00 p.m. on November 19, 2024, the price of SJC gold bars increased by 1 million VND/tael compared to the previous session. Enterprises simultaneously increased the price of gold rings by 500,000 VND to 1 million VND per tael. Specifically:
Saigon Jewelry Company (SJC) listed the price of gold bars at 82 - 85 million VND/tael, an increase of 1 million VND/tael compared to the previous session.
DOJI Group in Hanoi and Ho Chi Minh City also announced the gold price at 82 - 85 million VND/tael, with a similar increase of 1 million VND/tael.
Gold price at Phu Quy SJC currently fluctuates from 82.3 - 85 million VND/tael, an increase of 1.1 million VND/tael for buying and 1 million VND/tael for selling.
PNJ gold in Ho Chi Minh City has a selling price of 83.2 - 84.5 million VND/tael, an increase of 1.4 million VND/tael for buying and 1.3 million VND/tael for selling.
Bao Tin Minh Chau Company also announced gold prices from 83.2 - 84.5 million VND/tael, a sharp increase of 1.4 million VND/tael for buying and 1.3 million VND/tael for selling.
Similar to gold bars, the price of gold rings also increased simultaneously. DOJI listed the price of gold rings from 83.7 - 84.7 million VND/tael, an increase of 1 million VND/tael in both buying and selling directions, while SJC listed the price of gold rings from 82 - 84.2 million VND/tael, also an increase of 500 thousand VND/tael.
| Today (November 19, 2024) | Yesterday (November 18, 2024) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 82,000 1000 | 85,0001000 | 81,000 | 84,000 |
| DOJI Hanoi | 82,0001000 | 85,0001000 | 81,000 | 84,000 |
| DOJI SG | 82,0001000 | 85,0001000 | 81,000 | 84,000 |
| BTMC SJC | 83,0001800 | 85,0001000 | 81,200 | 84,000 |
| Phu Quy SJC | 82,3001100 | 85,0001000 | 81,200 | 84,000 |
| PNJ HCMC | 83,2001400 | 84,5001300 | 81,800 | 83,200 |
| PNJ Hanoi | 83,2001400 | 84,5001300 | 81,800 | 83,200 |
International gold price this afternoon November 18, 2024
Currently, as of 3:30 p.m. on November 19, 2024, the world gold price is trading at 2,619.73 USD/ounce, an increase of 32.42 USD/ounce compared to yesterday. Converted according to the exchange rate on the free market (25,780 VND/USD), the gold price is 82.32 million VND/tael (including taxes and fees), 1.67 million VND lower than ring gold.
After a series of 6 consecutive days of price declines, this increase marked a clear recovery of gold after a deep correction since October 31. Previously, gold prices peaked above 2,800 USD/ounce, but fell about 261 USD, bottoming at 2,541.50 USD/ounce last week.
According to Darin Newsom (Barchart.com), gold prices may rise again when the impact of the US presidential election gradually subsides. Investors tend to seek gold as a safe haven in the context of instability.
David Morrison (Trade Nation) said that while the short-term outlook for gold has improved, it is still early to say that prices have bottomed. The recent sell-off has seen gold prices fall more than 5% in four days.
James Stanley (Forex) believes that the current decline is reasonable after a period of overbought gold. However, the current money is moving into Bitcoin, especially when the digital currency surpasses the $90,000 mark. He predicts that if Bitcoin reaches $100,000, gold could become more attractive due to concerns about the high volatility of cryptocurrencies.
Mark Leibovit (VR Metals/Resource Letter) predicts gold prices could fall to $2,300 an ounce before rebounding, with the possibility of hitting a record $3,700 an ounce in the future.
Gold prices have fallen sharply over the past three weeks, but the pace of decline is slowing and could soon recover, said Bannockburn Global Forex CEO.
