Gold price today November 10, 2024: World gold price and gold bars slightly decreased
Gold price today November 10, 2024: World gold price fell below the mark of 2,790 USD/Ounce. Domestically, gold bars decreased slightly, gold rings were stable.
Domestic gold price today 11/10/2024
At the time of survey at 5:00 a.m. on November 10, 2024, the gold price on the trading floors of some companies was as follows:
The price of 9999 gold today is listed by DOJI at 83,350 million VND/tael for buying and 85,150 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 83.3-85.8 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars increased by 300 thousand VND/tael for buying and decreased by 200 thousand VND/tael for selling.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded at 82.3-85.8 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 82-85.8 million VND/tael (buy - sell). Compared to yesterday, the price of SJC gold bars decreased by 200 thousand VND/tael in the selling direction.
The latest gold price list today, November 10, 2024 is as follows:
| Gold price today | November 10, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82 | 85.8 | - | -200 |
| DOJI Group | 82 | 85.8 | - | -200 |
| Red Eyelashes | 83.3 | 85.8 | +300 | -200 |
| PNJ | 82 | 85.8 | - | -200 |
| Vietinbank Gold | 85.8 | -200 | ||
| Bao Tin Minh Chau | 82.3 | 85.8 | -200 | |
| Bao Tin Manh Hai | 82 | 85.8 | -200 | |
| 1.DOJI- Updated: 11/10/2024 05:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 82,000 | 85,800▼200K |
| AVPL/SJC HCM | 82,000 | 85,800▼200K |
| AVPL/SJC DN | 82,000 | 85,800▼200K |
| Raw material 9999 - HN | 83,350 | 84,350 |
| Raw material 999 - HN | 83,250 | 84,250 |
| AVPL/SJC Can Tho | 82,000 | 85,800▼200K |
| 2.PNJ- Updated: 11/10/2024 05:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 83,400 | 85,200 |
| HCMC - SJC | 82,000 | 85,800▼200K |
| Hanoi - PNJ | 83,400 | 85,200 |
| Hanoi - SJC | 82,000 | 85,800▼200K |
| Da Nang - PNJ | 83,400 | 85,200 |
| Da Nang - SJC | 82,000 | 85,800▼200K |
| Western Region - PNJ | 83,400 | 85,200 |
| Western Region - SJC | 82,000 | 85,800▼200K |
| Jewelry gold price - PNJ | 83,400 | 85,200 |
| Jewelry gold price - SJC | 82,000 | 85,800▼200K |
| Jewelry gold price - Southeast | PNJ | 83,400 |
| Jewelry gold price - SJC | 82,000 | 85,800▼200K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 83,400 |
| Jewelry gold price - Jewelry gold 999.9 | 83,300 | 84,100 |
| Jewelry gold price - Jewelry gold 999 | 83,220 | 84,020 |
| Jewelry gold price - Jewelry gold 99 | 82,360 | 83,360 |
| Jewelry gold price - 916 gold (22K) | 76,640 | 77,140 |
| Jewelry gold price - 750 gold (18K) | 61,830 | 63,230 |
| Jewelry gold price - 680 gold (16.3K) | 55,940 | 57,340 |
| Jewelry gold price - 650 gold (15.6K) | 53,420 | 54,820 |
| Jewelry gold price - 610 gold (14.6K) | 50,050 | 51,450 |
| Jewelry gold price - 585 gold (14K) | 47,950 | 49,350 |
| Jewelry gold price - 416 gold (10K) | 33,740 | 35,140 |
| Jewelry gold price - 375 gold (9K) | 30,290 | 31,690 |
| Jewelry gold price - 333 gold (8K) | 26,500 | 27,900 |
| 3. SJC - Updated: 11/10/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 82,000 | 85,800▼200K |
| SJC 5c | 82,000 | 85,820▼200K |
| SJC 2c, 1c, 5c | 82,000 | 85,830▼200K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,000 | 84,800 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,000 | 84,900 |
| Jewelry 99.99% | 81,900 | 84,300 |
| Jewelry 99% | 80,465 | 83,465 |
| Jewelry 68% | 54,479 | 57,479 |
| Jewelry 41.7% | 32,306 | 35,306 |
World gold price today November 10, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,683.74 USD/Ounce. Today's gold price decreased by 5.1USD/Ounce compared to yesterday. Converted to USD exchange rate, on the free market (25,620 VND/USD), world gold is priced at about 83.81 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.99 million VND/tael higher than the international gold price.
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Gold prices fell on Friday under pressure from the US dollar, although expectations of further interest rate cuts helped to cushion the losses.
Gold was hit by a surge in the dollar this week after Mr. Trump won the 2024 presidential election. However, the dollar cooled from a four-month high on Thursday, after the Fed cut interest rates and signaled plans for further policy easing.
Spot gold prices are expected to fall nearly 2% this week, under pressure following Mr Trump’s victory.
The decline was partly due to a sharp rise in the US dollar and bond yields, as markets predicted Mr Trump would adopt policies that could push inflation higher in the long term.
However, Trump’s victory also helped to quickly conclude the US election, removing a major source of uncertainty for the market and fueling a surge in risk assets. Before the election, gold prices rose sharply, reaching nearly $2,800/ounce.
Gold prices got some support on Thursday when the Fed cut interest rates by 25 basis points as expected.
Fed Chairman Jerome Powell said the US economy remains stable, and the Fed will continue to ease monetary policy cautiously.
This provides some short-term support for gold and non-yielding assets. However, markets remain concerned about the long-term outlook for interest rates, especially with Trump as president.
Other precious metals also fell on Friday and posted losses for the week. Platinum futures fell 2.1% to $978.40 an ounce, while silver futures fell 1.4% to $31.420 an ounce.
Among industrial metals, copper prices fell on Friday but were set to make gains this week, as investors awaited signs of fiscal stimulus measures from China.
Benchmark copper prices on the London Metal Exchange fell 2.5% to $9,441.00 a tonne, while the December copper futures contract fell 2.7% to $4.3110 a pound.
China's parliament is expected to unveil a new fiscal spending plan at the end of its four-day session on Friday, with measures aimed mainly at boosting economic growth as China faces low inflation and a property crisis.
Gold Price Forecast
Long-term forecasts suggest that gold prices could continue to rise and potentially reach $3,000 an ounce by 2025. However, in the short term, the gold market could be volatile and subject to downward pressure due to Trump's statements or policies.
In this week’s Kitco News survey, 14 analysts participated, and the majority were bearish. Only three experts (21%) expected gold prices to rise next week, nine (64%) predicted prices would fall, and the remaining two (14%) said prices would be stable.
In a Kitco online survey of 249 respondents, 114 (46%) expected gold prices to rise, 91 (36%) expected prices to fall, and the remaining 44 (18%) thought gold would be stable in the near term.
Darin Newsom, an analyst at Barchart.com, along with David Morrison of Trade Nation and Frank Sohlleder of ActivTrades, predict that gold prices will fall. According to Sohlleder, even if U.S. interest rates continue to fall, this does not guarantee that demand for gold will increase, and gold prices could still correct lower.
On the other hand, James Stanley, a strategist at Forex.com, said that gold is still showing positive signs despite the post-election risks. He emphasized that, given the rise in gold this year, he remains optimistic about gold prices in the near term.
