Gold price today September 16, 2024: World gold price increased sharply, reaching many new records
Gold price today September 16, 2024: Domestic 9999 gold ring price increased sharply compared to yesterday, reaching 79.1 million VND/tael. World gold set a new record at 2,580.55 USD/Ounce
Domestic gold price today September 16, 2024
At the time of survey at 5:00 a.m. on September 16, 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 77.90 million VND/tael for buying and 79.10 million VND/tael for selling.
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 16, 2024 is as follows:
| Gold price today | September 16, 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: 9/16/2024 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 | 77,850 | 78,050 |
| Raw materials 999 - HN | 77,750 | 77,950 |
| AVPL/SJC Can Tho | 78,500 | 80,500 |
| 2.PNJ- Updated: 9/16/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 77,950 | 79,100 |
| HCMC - SJC | 78,500 | 80,500 |
| Hanoi - PNJ | 77,950 | 79,100 |
| Hanoi - SJC | 78,500 | 80,500 |
| Da Nang - PNJ | 77,950 | 79,100 |
| Da Nang - SJC | 78,500 | 80,500 |
| Western Region - PNJ | 77,950 | 79,100 |
| Western Region - SJC | 78,500 | 80,500 |
| Jewelry gold price - PNJ | 77,950 | 79,100 |
| Jewelry gold price - SJC | 78,500 | 80,500 |
| Jewelry gold price - Southeast | PNJ | 77,950 |
| Jewelry gold price - SJC | 78,500 | 80,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 77,950 |
| Jewelry gold price - Jewelry gold 999.9 | 77,900 | 78,700 |
| Jewelry gold price - 999 jewelry gold | 77,820 | 78,620 |
| Jewelry gold price - 99 jewelry gold | 77,010 | 78,010 |
| Jewelry gold price - 916 gold (22K) | 71,690 | 72,190 |
| Jewelry gold price - 750 gold (18K) | 57,780 | 59,180 |
| Jewelry gold price - 680 gold (16.3K) | 52,270 | 53,670 |
| Jewelry gold price - 650 gold (15.6K) | 49,910 | 51,310 |
| Jewelry gold price - 610 gold (14.6K) | 46,760 | 48,160 |
| Jewelry gold price - 585 gold (14K) | 44,790 | 46,190 |
| Jewelry gold price - 416 gold (10K) | 31,490 | 32,890 |
| Jewelry gold price - 375 gold (9K) | 28,260 | 29,660 |
| Jewelry gold price - 333 gold (8K) | 24,720 | 26,120 |
| 3.SJC- Updated: 9/16/2024 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 | 77,800 | 79,100 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,800 | 79,200 |
| 99.99% Jewelry | 77,700 | 78,700 |
| 99% Jewelry | 75,921 | 77,921 |
| Jewelry 68% | 51,171 | 53,671 |
| Jewelry 41.7% | 30,471 | 32,971 |
World gold price today September 16, 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 2,580.55 USD/Ounce. Today's gold price increased by 3.19 USD/Ounce compared to yesterday's gold price. Converted according to the USD exchange rate, on the free market (25,030 VND/USD), the world gold price is about 78.74 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.76 million VND/tael higher than the international gold price.
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World gold prices have increased sharply, reaching many new records in the trading session last weekend. Experts predict that gold prices will continue to increase in a long-term cycle.
The Fed's recent interest rate cut, its first since 2020, marks a long and complicated process of change in the market. The Fed's next decision on monetary policy could be the beginning of a new phase.
Many other major central banks such as the ECB, Bank of England, Bank of Canada and Swiss National Bank have started to cut interest rates. The global interest rate cuts have reduced real yields, affecting gold prices.
Gold prices surged against the euro after the ECB cut interest rates, and also hit records against the pound, Canadian dollar and Australian dollar. There is likely to be some profit-taking in the precious metals market next week, but many believe gold's long-term rally is just beginning.
Gold price forecast
Central banks in emerging markets and Asia will increase their investment in gold due to concerns about the global trade situation and sanctions, UOB Bank forecasts.
According to UOB experts, gold demand could increase, pushing prices to $2,700/ounce by mid-2025 and potentially continue to rise to $3,000/ounce in the long term.
The increase in gold prices on the international market could increase domestic gold prices, with predictions that it could reach VND90 million per tael.
Currently, the world gold price is high, there may be adjustments due to selling pressure. Investors need to be careful and understand the market when participating.
