Gold price today October 13, 2024: World gold is recovering
Gold price today October 13, 2024: The price of 9999 gold rings 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:
DOJI listed the price of 9999 gold today 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 Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold 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 dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82.5 | 84.5 | - | - |
| DOJI Group | 82.5 | 84.5 | - | - |
| Red Eyelashes | 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 |
| 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 material 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 |
| 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 - Jewelry gold 999 | 82,120▲400K | 82,920▲400K |
| Jewelry gold price - Jewelry gold 99 | 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 |
| SJC 1L, 10L, 1KG | 82,500 | 84,500 |
| SJC 5c | 82,500 | 84,520 |
| SJC 2c, 1c, 5c | 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 |
| Jewelry 99.99% | 81,500▲50K | 82,700▲200K |
| Jewelry 99% | 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.
World gold prices are recovering, increasing for the second time after 6 previous decreases. Domestic gold ring prices are increasing, 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.
RJO Futures expert Daniel Pavilonis said that despite the strong US economy, the Fed could cut interest rates due to the slowdown in some economic sectors.
US producer prices were unchanged in September 2024, increasing the likelihood of a Fed rate cut 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 that 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 bullish on gold, although optimism has declined for three consecutive weeks.
Gold has held key support and could retest $2,600 an ounce, said Marc Chandler from Bannockburn Global Forex.
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 that 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, despite the metal’s good recovery on the back of a stronger US dollar and rising bond yields. He said the season may be supporting gold’s rise.
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.
