Gold price today September 11, 2024: World gold price increased sharply
Gold price today September 11, 2024: 9999 gold ring price increased slightly by 50,000 VND/tael compared to yesterday. World gold price increased sharply to 2,509.06 USD/ounce
Domestic gold price today September 11, 2024
At the time of survey at 5:00 a.m. on September 11, 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 77.35 million VND/tael for buying and 78.50 million VND/tael for selling. Both prices increased slightly by 50,000 VND/tael in both directions.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 79.5-80.5 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78.5-80.5 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 78.5-80.5 million VND/tael (buy in - sell out).
The latest gold price list today, September 11, 2024 is as follows:
| Gold price today | September 11, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 78.5 | 80.5 | - | - |
| DOJI Group | 78.5 | 80.5 | - | - |
| Mi Hong | 79.5 | 80.5 | - | - |
| PNJ | 78.5 | 80.5 | - | - |
| Vietinbank Gold | - | 80.5 | - | - |
| Bao Tin Minh Chau | 78.5 | 80.5 | - | - |
| Bao Tin Manh Hai | 78.5 | 80.5 | - | - |
| 1.DOJI- Updated: 11/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 78,500 | 80,500 |
| AVPL/SJC HCM | 78,500 | 80,500 |
| AVPL/SJC DN | 78,500 | 80,500 |
| Raw material 9999 - HN | 77,300▲50K | 77,450▲50K |
| Raw materials 999 - HN | 77,200▲50K | 77,350▲50K |
| AVPL/SJC Can Tho | 78,500 | 80,500 |
| 2.PNJ- Updated: 11/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 77,350▲50K | 78,500▲50K |
| HCMC - SJC | 78,500 | 80,500 |
| Hanoi - PNJ | 77,350▲50K | 78,500▲50K |
| Hanoi - SJC | 78,500 | 80,500 |
| Da Nang - PNJ | 77,350▲50K | 78,500▲50K |
| Da Nang - SJC | 78,500 | 80,500 |
| Western Region - PNJ | 77,350▲50K | 78,500▲50K |
| Western Region - SJC | 78,500 | 80,500 |
| Jewelry gold price - PNJ | 77,350▲50K | 78,500▲50K |
| Jewelry gold price - SJC | 78,500 | 80,500 |
| Jewelry gold price - Southeast | PNJ | 77,350▲50K |
| Jewelry gold price - SJC | 78,500 | 80,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 77,350▲50K |
| Jewelry gold price - Jewelry gold 999.9 | 77,200 | 78,000 |
| Jewelry gold price - 999 jewelry gold | 77,120 | 77,920 |
| Jewelry gold price - 99 jewelry gold | 76,320 | 77,320 |
| Jewelry gold price - 916 gold (22K) | 71,050 | 71,550 |
| Jewelry gold price - 750 gold (18K) | 57,250 | 58,650 |
| Jewelry gold price - 680 gold (16.3K) | 51,790 | 53,190 |
| Jewelry gold price - 650 gold (15.6K) | 49,450 | 50,850 |
| Jewelry gold price - 610 gold (14.6K) | 46,330 | 47,730 |
| Jewelry gold price - 585 gold (14K) | 44,380 | 45,780 |
| Jewelry gold price - 416 gold (10K) | 31,200 | 32,600 |
| Jewelry gold price - 375 gold (9K) | 28,000 | 29,400 |
| Jewelry gold price - 333 gold (8K) | 24,490 | 25,890 |
| 3.SJC- Updated: 11/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 78,500 | 80,500 |
| SJC 5c | 78,500 | 80,520 |
| SJC 2c, 1C, 5 phan | 78,500 | 80,530 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 77,250▲100K | 78,500▲50K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,250▲100K | 78,600▲50K |
| 99.99% Jewelry | 77,150▲100K | 78,100▲50K |
| 99% Jewelry | 75,327▲50K | 77,327▲50K |
| Jewelry 68% | 50,763▲34K | 53,263▲34K |
| Jewelry 41.7% | 30,221▲21K | 32,721▲21K |
World gold price today September 11, 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 2,509.06 USD/ounce. Today's gold price increased by 12.04 USD/ounce compared to yesterday's gold price. Converted according to the USD exchange rate on the free market (25,270 VND/USD), the world gold price is about 77.20 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.29 million VND/tael higher than the international gold price.
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Gold prices held steady around the $2,500/ounce mark as investors awaited inflation reports from the US to gauge the likelihood and extent of interest rate cuts by the Federal Reserve (Fed).
The CME FedWatch tool shows there is a 73% chance the Fed will cut rates by 0.25% at next week's meeting, while there is a 27% chance for a deeper cut of 0.50%.
Peter A. Grant of Zaner Metals believes the market expects the Fed to opt for a modest 0.25% rate cut, a view he has maintained previously. Lower interest rates could reduce the opportunity cost of holding non-yielding gold.
Investors are keeping an eye on US consumer price index (CPI) data for August due on September 11 and producer price index (PPI) on September 12.
Carlo Alberto De Casa of Kinesis Money said that if inflation figures come in lower than expected and the chances of a 0.50% rate cut increase, gold prices could rise to new highs. But even with a 0.25% rate cut, gold prices will not fall much because the Fed is expected to cut rates.
The US public's view on inflation did not change much over the past month, according to a report from the New York Fed.
Gold price forecast
Expert Truong Vy Tuan from Giavang.net predicts that gold bar prices may decrease slightly this week. This decrease is not worrisome and may be an opportunity for investors to buy. Gold prices are stable, reducing speculative activities.
In the context of unstable stock market and real estate investment requiring large capital, gold becomes more attractive. The stability of gold price makes many investors consider investing in gold, enhancing its position in the investment portfolio.
The gap between gold bar and gold ring prices is at a suitable level, helping the State Bank manage the market flexibly. The gold ring market remains at a high price, with the difference between buying and selling prices exceeding VND1 million/tael, showing that investment demand for gold remains strong.
