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Gold price today September 16, 2024: World gold price increased sharply, reaching many new records

Hung CuongDNUM_BGZAJZCACE 05:50

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:

DOJI listed the price of 9999 gold today at 77.90 million VND/tael for buying and 79.10 million VND/tael for 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 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).

Giá vàng hôm nay 16/9/2024: Vàng thế giới tăng mạnh, đạt nhiều kỷ lục mới

The latest gold price list today, September 16, 2024 is as follows:

Gold price today
September 16, 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: 9/16/2024 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 - HN77,85078,050
Raw material 999 - HN77,75077,950
AVPL/SJC Can Tho78,50080,500
2.PNJ- Updated: 9/16/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ77,95079,100
HCMC - SJC78,50080,500
Hanoi - PNJ77,95079,100
Hanoi - SJC78,50080,500
Da Nang - PNJ77,95079,100
Da Nang - SJC78,50080,500
Western Region - PNJ77,95079,100
Western Region - SJC78,50080,500
Jewelry gold price - PNJ77,95079,100
Jewelry gold price - SJC78,50080,500
Jewelry gold price - SoutheastPNJ77,950
Jewelry gold price - SJC78,50080,500
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring77,950
Jewelry gold price - Jewelry gold 999.977,90078,700
Jewelry gold price - Jewelry gold 99977,82078,620
Jewelry gold price - Jewelry gold 9977,01078,010
Jewelry gold price - 916 gold (22K)71,69072,190
Jewelry gold price - 750 gold (18K)57,78059,180
Jewelry gold price - 680 gold (16.3K)52,27053,670
Jewelry gold price - 650 gold (15.6K)49,91051,310
Jewelry gold price - 610 gold (14.6K)46,76048,160
Jewelry gold price - 585 gold (14K)44,79046,190
Jewelry gold price - 416 gold (10K)31,49032,890
Jewelry gold price - 375 gold (9K)28,26029,660
Jewelry gold price - 333 gold (8K)24,72026,120
3.SJC- Updated: 9/16/2024 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 chi77,80079,100
SJC 99.99 gold ring 0.3 chi, 0.5 chi77,80079,200
Jewelry 99.99%77,70078,700
Jewelry 99%75,92177,921
Jewelry 68%51,17153,671
Jewelry 41.7%30,47132,971

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.

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, for the first time since 2020, marks a long and complicated shift in markets. The Fed’s next decision on monetary policy could be the start 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 getting started.

Gold Price Forecast

UOB Bank predicts that, due to concerns about the global trade situation and sanctions, central banks in emerging markets and Asia will increase investment in gold.

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/tael.

Currently, the world gold price is high, there may be some downward adjustments due to selling pressure. Investors need to be careful and understand the market when participating.

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Gold price today September 16, 2024: World gold price increased sharply, reaching many new records
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