Gold price today October 13, 2024: World gold is recovering
Gold price today October 13, 2024: 9999 gold ring price continues to increase slightly by 250 thousand VND/tael. World gold is recovering, increasing for the second time after 6 previous decreases.
Domestic gold price today October 13, 2024
At the time of survey at 5:00 a.m. on October 13, 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 82.55 million VND/tael for buying and 83.45 million VND/tael for selling. Compared to yesterday, the price of DOJI gold rings increased sharply by 250 thousand VND/tael for both buying and selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84-84.50 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 82.5-84.5 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 82.55-84.5 million VND/tael (buy in - sell out).
The latest gold price list today October 13, 2024 is as follows:
| Gold price today | October 13, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 82.5 | 84.5 | - | - |
| DOJI Group | 82.5 | 84.5 | - | - |
| Mi Hong | 84 | 84.5 | - | - |
| PNJ | 82.5 | 84.5 | - | - |
| Vietinbank Gold | 82.5 | 84.5 | - | - |
| Bao Tin Minh Chau | 82.5 | 84.5 | - | - |
| Bao Tin Manh Hai | 82.55 | 84.5 | +50 | - |
| 1.DOJI- Updated: 10/13/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 82,500 | 84,500 |
| AVPL/SJC HCM | 82,500 | 84,500 |
| AVPL/SJC DN | 82,500 | 84,500 |
| Raw material 9999 - HN | 82,450▲250K | 82,750▲250K |
| Raw materials 999 - HN | 82,350▲1250K | 82,650▲250K |
| AVPL/SJC Can Tho | 82,500 | 84,500 |
| 2.PNJ- Updated: 10/13/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 82,300▲300K | 83,300▲200K |
| HCMC - SJC | 82,500 | 84,500 |
| Hanoi - PNJ | 82,300▲300K | 83,300▲200K |
| Hanoi - SJC | 82,500 | 84,500 |
| Da Nang - PNJ | 82,300▲300K | 83,300▲200K |
| Da Nang - SJC | 82,500 | 84,500 |
| Western Region - PNJ | 82,300▲300K | 83,300▲200K |
| Western Region - SJC | 82,500 | 84,500 |
| Jewelry gold price - PNJ | 82,300▲300K | 83,300▲200K |
| Jewelry gold price - SJC | 82,500 | 84,500 |
| Jewelry gold price - Southeast | PNJ | 82,300▲300K |
| Jewelry gold price - SJC | 82,500 | 84,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 82,300▲300K |
| Jewelry gold price - Jewelry gold 999.9 | 82,200▲400K | 83,000▲400K |
| Jewelry gold price - 999 jewelry gold | 82,120▲400K | 82,920▲400K |
| Jewelry gold price - 99 jewelry gold | 81,270▲400K | 82,270▲400K |
| Jewelry gold price - 916 gold (22K) | 75,630▲370K | 76,130▲370K |
| Jewelry gold price - 750 gold (18K) | 61,000▲300K | 62,400▲300K |
| Jewelry gold price - 680 gold (16.3K) | 55,190▲270K | 56,590▲270K |
| Jewelry gold price - 650 gold (15.6K) | 52,700▲260K | 54,100▲260K |
| Jewelry gold price - 610 gold (14.6K) | 49,380▲240K | 50,780▲240K |
| Jewelry gold price - 585 gold (14K) | 47,310▲240K | 48,710▲240K |
| Jewelry gold price - 416 gold (10K) | 33,280▲170K | 34,680▲170K |
| Jewelry gold price - 375 gold (9K) | 29,880▲150K | 31,280▲150K |
| Jewelry gold price - 333 gold (8K) | 26,140▲130K | 27,540▲130K |
| 3.SJC- Updated: 10/13/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 82,500 | 84,500 |
| SJC 5c | 82,500 | 84,520 |
| SJC 2c, 1C, 5 phan | 82,500 | 84,530 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 81,600▲100K | 83,000▲200K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 81,600▲100K | 83,100▲200K |
| 99.99% Jewelry | 81,500▲50K | 82,700▲200K |
| 99% Jewelry | 79,881 | 81,881 |
| Jewelry 68% | 53,891 | 56,391 |
| Jewelry 41.7% | 32,139 | 34,639 |
World gold price today October 13, 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 2,656.57 USD/Ounce. Today's gold price decreased by 0.68 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,340 VND/USD), the world gold price is about 82.56 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.43 million VND/tael higher than the international gold price.
The world gold price is recovering, increasing for the second time after 6 previous decreases. The domestic gold ring price has increased, currently at 83.55 million VND/tael, 200,000 VND lower than the old record. The highest gold ring purchase price is 82.55 million VND/tael, down 350,000 VND compared to the previous peak.
World gold prices rose more than 1% this week, as US economic data supported expectations that the Fed would cut interest rates in November. Geopolitical tensions in the Middle East increased demand for gold as a safe asset.
Expert Daniel Pavilonis from RJO Futures said that although the US economy is strong, the Fed may cut interest rates due to the slowdown in some economic sectors.
The US producer price index was unchanged in September 2024, increasing the possibility that the Fed will cut interest rates in November.
Kitco Metals analyst Jim Wyckoff predicts the Fed could cut interest rates two more times this year.
Gold price forecast
Expert Pavilonis predicts gold prices could reach $3,000/ounce by 2025 due to the impact of geopolitical tensions and inflation concerns.
Few experts predict gold prices will rise next week, according to the latest survey. Retail investors remain optimistic about gold prices, although this optimism has decreased continuously for three weeks.
Marc Chandler from Bannockburn Global Forex commented that gold has held key support and could retest the $2,600/ounce price level.
Tensions in the Middle East, higher interest rates and a strong US dollar could weigh on gold prices. Darin Newsom of Barchart.com and James Stanley of Forex.com both believe gold will continue to be a safe haven for investors.
Colin Cieszynski from SIA Wealth Management is neutral, predicting a quiet week for gold due to no major moves from central banks or currency data.
Adam Button of Forexlive.com is uncertain about gold prices next week, although the metal has recovered well from the strength of the US dollar and rising bond yields. He said that the season may be supporting the price of gold.
In a recent Kitco News survey, 47% of experts predicted gold prices would rise, 13% predicted a fall, and 40% were unsure.
Kitco's online poll found that 56% of investors expect gold prices to rise, 27% expect them to fall, and 17% expect prices to remain largely unchanged.
