Gold price this afternoon November 19, 2024: Gold ring price and SJC gold price 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 (11/19/2024) | Yesterday (11/18/2024) | |||
| Purchase price | Selling price | Purchase price | Selling price | |
| SJC | 82,000 1000 | 85,0001000 | 81,000 | 84,000 |
| DOJI HN | 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 at over 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 times of uncertainty.
While gold’s short-term outlook has improved, it’s still early to call a bottom, according to David Morrison of Trade Nation. The recent sell-off has seen gold prices fall more than 5% in four days.
James Stanley (Forex) said 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 surpassed the $90,000 mark. He predicted that if Bitcoin reaches $100,000, gold could become more attractive due to concerns about the volatility of cryptocurrencies.
Mark Leibovit (VR Metals/Resource Letter) predicts that gold prices could fall to $2,300/ounce before rising again, with the possibility of reaching a record $3,700/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.
