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Gold price today 9/11/2024: World gold price increases sharply

Hung CuongDNUM_BBZAJZCACE 5:00

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 9/11/2024

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:

DOJI listed the price of 9999 gold today 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 Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold 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 dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
78.5
80.5
-
-
DOJI Group
78.5
80.5
-
-
Red Eyelashes
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.
TypeBuySell
AVPL/SJC HN78,50080,500
AVPL/SJC HCM78,50080,500
AVPL/SJC DN78,50080,500
Raw material 9999 - HN77,300▲50K77,450▲50K
Raw material 999 - HN77,200▲50K77,350▲50K
AVPL/SJC Can Tho78,50080,500
2.PNJ- Updated: 11/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ77,350▲50K78,500▲50K
HCMC - SJC78,50080,500
Hanoi - PNJ77,350▲50K78,500▲50K
Hanoi - SJC78,50080,500
Da Nang - PNJ77,350▲50K78,500▲50K
Da Nang - SJC78,50080,500
Western Region - PNJ77,350▲50K78,500▲50K
Western Region - SJC78,50080,500
Jewelry gold price - PNJ77,350▲50K78,500▲50K
Jewelry gold price - SJC78,50080,500
Jewelry gold price - SoutheastPNJ77,350▲50K
Jewelry gold price - SJC78,50080,500
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring77,350▲50K
Jewelry gold price - Jewelry gold 999.977,20078,000
Jewelry gold price - Jewelry gold 99977,12077,920
Jewelry gold price - Jewelry gold 9976,32077,320
Jewelry gold price - 916 gold (22K)71,05071,550
Jewelry gold price - 750 gold (18K)57,25058,650
Jewelry gold price - 680 gold (16.3K)51,79053,190
Jewelry gold price - 650 gold (15.6K)49,45050,850
Jewelry gold price - 610 gold (14.6K)46,33047,730
Jewelry gold price - 585 gold (14K)44,38045,780
Jewelry gold price - 416 gold (10K)31,20032,600
Jewelry gold price - 375 gold (9K)28,00029,400
Jewelry gold price - 333 gold (8K)24,49025,890
3.SJC- Updated: 11/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG78,50080,500
SJC 5c78,50080,520
SJC 2c, 1c, 5c78,50080,530
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi77,250▲100K78,500▲50K
SJC 99.99 gold ring 0.3 chi, 0.5 chi77,250▲100K78,600▲50K
Jewelry 99.99%77,150▲100K78,100▲50K
Jewelry 99%75,327▲50K77,327▲50K
Jewelry 68%50,763▲34K53,263▲34K
Jewelry 41.7%30,221▲21K32,721▲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.

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 of a deeper cut of 0.50%.

Peter A. Grant of Zaner Metals believes the market is expecting 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 New York Fed's report said the American public's view on inflation did not change much over the past month.

Gold Price Forecast

Expert Truong Vy Tuan from Giavang.net predicts that the price of gold bars may decrease slightly this week. This decrease is not a cause for concern and may be an opportunity for investors to buy. The price of gold is 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 of over VND1 million/tael, showing that investment demand for gold remains strong.

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Gold price today 9/11/2024: World gold price increases sharply
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