Gold price today September 19, 2024: World gold price drops before important moment
Gold price today September 19, 2024: The price of 9999 gold rings continues to increase by 100 thousand VND in the buying price. World gold prices slightly decreased before the FED decided to cut interest rates.
Domestic gold price today September 19, 2024
At the time of survey at 5:00 a.m. on September 19, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 78.10 million VND/tael for buying and 79.20 million VND/tael for selling. An increase of 100,000 VND/tael for buying.
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 81-82 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 80-82 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 80-82 million VND/tael (buy in - sell out).
The latest gold price list today, September 19, 2024 is as follows:
| Gold price today | September 19, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 80 | 82 | - | - |
| DOJI Group | 80 | 82 | - | - |
| Red Eyelashes | 81 | 82 | - | - |
| PNJ | 80 | 82 | - | - |
| Vietinbank Gold | - | 82 | - | - |
| Bao Tin Minh Chau | 80 | 82 | - | - |
| Bao Tin Manh Hai | 80 | 82 | - | - |
| 1.DOJI- Updated: 9/19/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 80,000 | 82,000 |
| AVPL/SJC HCM | 80,000 | 82,000 |
| AVPL/SJC DN | 80,000 | 82,000 |
| Raw material 9999 - HN | 78,000▲50K | 78,150 |
| Raw material 999 - HN | 77,900▲50K | 78,050 |
| AVPL/SJC Can Tho | 80,000 | 82,000 |
| 2.PNJ- Updated: 9/19/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 78,000 | 79,200 |
| HCMC - SJC | 80,000 | 82,000 |
| Hanoi - PNJ | 78,000 | 79,200 |
| Hanoi - SJC | 80,000 | 82,000 |
| Da Nang - PNJ | 78,000 | 79,200 |
| Da Nang - SJC | 80,000 | 82,000 |
| Western Region - PNJ | 78,000 | 79,200 |
| Western Region - SJC | 80,000 | 82,000 |
| Jewelry gold price - PNJ | 78,000 | 79,200 |
| Jewelry gold price - SJC | 80,000 | 82,000 |
| Jewelry gold price - Southeast | PNJ | 78,000 |
| Jewelry gold price - SJC | 80,000 | 82,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 78,000 |
| Jewelry gold price - Jewelry gold 999.9 | 77,900 | 78,700 |
| Jewelry gold price - Jewelry gold 999 | 77,820 | 78,620 |
| Jewelry gold price - Jewelry gold 99 | 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: 9/19/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 80,000 | 82,000 |
| SJC 5c | 80,000 | 82,020 |
| SJC 2c, 1c, 5c | 80,000 | 82,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 77,900 | 79,200 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,900 | 79,300 |
| Jewelry 99.99% | 77,800 | 78,800 |
| Jewelry 99% | 76,020 | 78,020 |
| Jewelry 68% | 51,239 | 53,739 |
| Jewelry 41.7% | 30,513 | 33,013 |
World gold price today September 19, 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 2,571.05 USD/Ounce. Today's gold price decreased by 7.53 USD/Ounce compared to yesterday's gold price. Converted according to the USD exchange rate, on the free market (24,950 VND/USD), the world gold price is about 78.56 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.43 million VND/tael higher than the international gold price.
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The US Federal Reserve is expected to cut interest rates on September 18, the first time in four years that it has done so and will have a major impact both domestically and globally. Economists are eagerly discussing the extent and speed of the rate cut, as well as the changes in monetary policy that the Fed will implement.
The upcoming US presidential election is adding to the uncertainty, with global investors and policymakers awaiting guidance from the Fed and hoping for a “soft landing” for the US economy.
Kenneth Broux, an expert at Societe Generale, expressed his view that there is still much uncertainty about this rate cut cycle, whether it will be similar to 1995 with a 75 basis point cut or will be like 2007-2008 with 500 basis points.
In the commodities market, precious metals like gold could benefit from the Fed’s decision, with gold prices typically rising when interest rates are cut. Gold prices are high, but John Reade of the World Gold Council advises investors to be cautious.
Gold speculators are betting on rising gold prices, but they also have a “buy the rumor, sell the fact” strategy, meaning they buy on rumors of rising prices and sell when prices peak to make a profit. Gold prices may not stay high if speculators decide to sell when prices reach their desired levels.
Base metals such as copper could also benefit from lower interest rates, with falling prices and a weaker US dollar likely to boost demand. Ehsan Khoman of MUFG said high interest rates could be a major headwind for base metals demand.
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