Gold price today October 2, 2024: World gold and gold bars increase sharply
Gold price today October 2, 2024: The price of 9999 gold rings has turned down sharply. In contrast to the world gold price, SJC gold bars have both increased sharply.
Domestic gold price today October 2, 2024
At the time of survey at 5:00 a.m. on October 2, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 82.75 million VND/tael for buying and 83.45 million VND/tael for selling. Compared to yesterday, the price of 9999 gold rings decreased sharply by 400,000 VND/tael for buying and 450,000 VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 83.3-84 million VND/tael (buy - sell). Mi Hong gold price increased slightly by 300 thousand VND/tael for buying and 500 thousand VND/tael for selling compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 81.5-83.5 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 81.6-83.5 million VND/tael (buy in - sell out).
The latest gold price list today, October 2, 2024 is as follows:
| Gold price today | October 2, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 82 | 84 | +500 | +500 |
| DOJI Group | 82 | 84 | +500 | +500 |
| Red Eyelashes | 83.3 | 84 | +300 | +500 |
| PNJ | 82 | 84 | +500 | +500 |
| Vietinbank Gold | - | 84 | - | +500 |
| Bao Tin Minh Chau | 82 | 84 | +500 | +500 |
| Bao Tin Manh Hai | 82.1 | 84 | +500 | +500 |
| 1.DOJI- Updated: 10/2/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 82,000▲500K | 84,000▲500K |
| AVPL/SJC HCM | 82,000▲500K | 84,000▲500K |
| AVPL/SJC DN | 81,500 | 83,500 |
| Raw material 9999 - HN | 81,700▼400K | 82,000▼400K |
| Raw material 999 - HN | 81,600▼400K | 81,900▼400K |
| AVPL/SJC Can Tho | 82,000▲500K | 84,000▲500K |
| 2.PNJ- Updated: 10/2/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 82,000▼500K | 82,900▼400K |
| HCMC - SJC | 82,000▲500K | 84,000▲500K |
| Hanoi - PNJ | 82,000▼500K | 82,900▼400K |
| Hanoi - SJC | 82,000▲500K | 84,000▲500K |
| Da Nang - PNJ | 82,000▼500K | 82,900▼400K |
| Da Nang - SJC | 82,000▲500K | 84,000▲500K |
| Western Region - PNJ | 82,000▼500K | 82,900▼400K |
| Western Region - SJC | 82,000▲500K | 84,000▲500K |
| Jewelry gold price - PNJ | 82,000▼500K | 82,900▼400K |
| Jewelry gold price - SJC | 82,000▲500K | 84,000▲500K |
| Jewelry gold price - Southeast | PNJ | 82,000▼500K |
| Jewelry gold price - SJC | 82,000▲500K | 84,000▲500K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 82,000▼500K |
| Jewelry gold price - Jewelry gold 999.9 | 81,900▼500K | 82,700▼500K |
| Jewelry gold price - Jewelry gold 999 | 81,820▼500K | 82,620▼500K |
| Jewelry gold price - Jewelry gold 99 | 80,970▼500K | 81,970▼500K |
| Jewelry gold price - 916 gold (22K) | 75,350▼460K | 75,850▼460K |
| Jewelry gold price - 750 gold (18K) | 60,780▼370K | 62,180▼370K |
| Jewelry gold price - 680 gold (16.3K) | 54,990▼340K | 56,390▼340K |
| Jewelry gold price - 650 gold (15.6K) | 52,510▼320K | 53,910▼320K |
| Jewelry gold price - 610 gold (14.6K) | 49,200▼300K | 50,600▼300K |
| Jewelry gold price - 585 gold (14K) | 47,130▼290K | 48,530▼290K |
| Jewelry gold price - 416 gold (10K) | 33,150▼210K | 34,550▼210K |
| Jewelry gold price - 375 gold (9K) | 29,760▼190K | 31,160▼190K |
| Jewelry gold price - 333 gold (8K) | 26,040▼170K | 27,440▼170K |
| 3.SJC- Updated: 10/2/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 82,000▲500K | 84,000▲500K |
| SJC 5c | 82,000▲500K | 84,020▲500K |
| SJC 2c, 1c, 5c | 82,000▲500K | 84,030▲500K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 81,400▼100K | 82,900▼100K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 81,400▼100K | 83,000▼100K |
| Jewelry 99.99% | 81,350▼100K | 82,600▼100K |
| Jewelry 99% | 79,782▼99K | 81,782▼99K |
| Jewelry 68% | 53,824▼68K | 56,324▼68K |
| Jewelry 41.7% | 32,098▼41K | 34,598▼41K |
World gold price today October 2, 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 2,665.31 USD/Ounce. Today's gold price increased by 33.64 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,200 VND/USD), the world gold price is about 81.84 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.16 million VND/tael higher than the international gold price.
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This morning, the price of gold bars increased by 500,000 VND/tael, although the world gold price decreased. The difference between domestic and world gold prices is still controlled thanks to the regulation of the State Bank.
The State Bank has prevented excessive price increases in gold bars, keeping the gap between the two markets from becoming too large. Gold bar trading in the market is currently quite quiet, with limited online purchases.
The world gold price is currently high and very volatile. Any unfavorable economic news can cause the gold price to drop rapidly. Gold investors are being very cautious because of this situation.
Gold prices could rise to $2,900 an ounce in the next 12 months if ETF investors step up buying and if weaker US economic data allows the Fed to cut interest rates further, according to UBS analyst Giovanni Staunovo.
US non-farm payrolls and employment data will be released later this week, and investors are waiting to gauge its impact on gold prices.
Marc Chandler of Bannockburn Global Forex highlights the importance of the US jobs report. If the figures are not very positive, gold prices may rise. Conversely, if the figures are good, gold prices may fall.
Gold hit a record high for six straight sessions last week, adding to investors’ caution. Profit-taking and heightened risk sentiment after a surge in Chinese stocks capped gains for the metal on Monday.
The recent strength in Chinese stocks may lead to a reduction in gold holdings.
When risk sentiment increases, investors often shy away from gold, even though it is often seen as a safe haven asset during times of volatility.
Gold Price Forecast
According to Tim Waterer, a market analyst at KCM Trade, gold prices could rise to $2,700 an ounce if labor market data supports the US Federal Reserve (Fed) cutting interest rates by another 75 basis points by the end of the year.
Ole Hansen, head of commodity strategy at Saxo Bank, said gold prices could fall after a rapid rise due to investors not wanting to miss out (FOMO) and the use of derivatives to trade with financial leverage.
Hansen also stressed that physical demand for gold could ease in the short term, until investors get used to new and higher prices.
Mark Leibovit, an analyst at VR Metals/Resource Letter, predicts gold prices will fall this week, as gold has peaked in the short term and will begin a period of long-term price consolidation.
Jim Wyckoff, senior analyst at Kitco, said gold is being bought in large quantities in the short term and could fall in the near term.
