Gold price today October 30, 2024: World gold price increased beyond record level
Gold price today October 30, 2024: World gold price increased beyond the record mark of 2,765.87 USD/Ounce, causing 9999 gold ring to soon surpass the peak of 89 million VND/tael.
Domestic gold price today October 30, 2024
At the time of survey at 5:00 a.m. on October 30, 2024, the gold price on the trading floors of some companies was as follows:
Today, DOJI listed the price of 9999 gold at 88 million VND/tael for buying and 89 million VND/tael for selling. Compared to yesterday, the price of DOJI gold rings increased by 300 thousand VND/tael in both buying and selling directions.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 88.4-89 million VND/tael (buy - sell). Compared to yesterday, the price of gold bars increased by 100 thousand VND/tael in the buying direction.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 87-89 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 87-89 million VND/tael (buy in - sell out).
The latest gold price list today October 30, 2024 is as follows:
| Gold price today | October 30, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 87 | 89 | - | - |
| DOJI Group | 87 | 89 | - | - |
| Red Eyelashes | 88.4 | 89 | +100 | - |
| PNJ | 87 | 89 | - | - |
| Vietinbank Gold | 89 | - | - | |
| Bao Tin Minh Chau | 87 | 89 | - | - |
| Bao Tin Manh Hai | 87 | 89 | - | - |
| 1.DOJI- Updated: 10/30/2024 05:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 87,000 | 89,000 |
| AVPL/SJC HCM | 87,000 | 89,000 |
| AVPL/SJC DN | 87,000 | 89,000 |
| Raw material 9999 - HN | 87,900▲300K | 88,300▲300K |
| Raw material 999 - HN | 87,800▲300K | 88,200▲300K |
| AVPL/SJC Can Tho | 87,000 | 89,000 |
| 2.PNJ- Updated: 10/30/2024 05:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 87,800▲200K | 88,900▲10K |
| HCMC - SJC | 87,000 | 89,000 |
| Hanoi - PNJ | 87,800▲200K | 88,900▲10K |
| Hanoi - SJC | 87,000 | 89,000 |
| Da Nang - PNJ | 87,800▲200K | 88,900▲10K |
| Da Nang - SJC | 87,000 | 89,000 |
| Western Region - PNJ | 87,800▲200K | 88,900▲10K |
| Western Region - SJC | 87,000 | 89,000 |
| Jewelry gold price - PNJ | 87,800▲200K | 88,900▲10K |
| Jewelry gold price - SJC | 87,000 | 89,000 |
| Jewelry gold price - Southeast | PNJ | 87,800▲200K |
| Jewelry gold price - SJC | 87,000 | 89,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 87,800▲200K |
| Jewelry gold price - Jewelry gold 999.9 | 87,700▲200K | 88,500▲200K |
| Jewelry gold price - Jewelry gold 999 | 87,610▲200K | 88,410▲200K |
| Jewelry gold price - Jewelry gold 99 | 86,720▲200K | 87,720▲200K |
| Jewelry gold price - 916 gold (22K) | 80,670▲190K | 81,170▲190K |
| Jewelry gold price - 750 gold (18K) | 65,130▲150K | 66,530▲150K |
| Jewelry gold price - 680 gold (16.3K) | 58,930▲140K | 60,330▲140K |
| Jewelry gold price - 650 gold (15.6K) | 56,280▲130K | 57,680▲130K |
| Jewelry gold price - 610 gold (14.6K) | 52,740▲130K | 54,140▲130K |
| Jewelry gold price - 585 gold (14K) | 50,520▲110K | 51,920▲110K |
| Jewelry gold price - 416 gold (10K) | 35,570▲90K | 36,970▲90K |
| Jewelry gold price - 375 gold (9K) | 31,940▲80K | 33,340▲80K |
| Jewelry gold price - 333 gold (8K) | 27,960▲70K | 29,360▲70K |
| 3. SJC - Updated: 10/30/2024 05:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 87,000 | 89,000 |
| SJC 5c | 87,000 | 89,020 |
| SJC 2c, 1c, 5c | 87,000 | 89,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 87,000 | 88,500 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 87,000 | 88,600 |
| Jewelry 99.99% | 86,900 | 88,300▲100K |
| Jewelry 99% | 85,425▲99K | 87,425▲99K |
| Jewelry 68% | 57,700▲69K | 60,200▲69K |
| Jewelry 41.7% | 34,474▲41K | 36,974▲41K |
World gold price today October 30, 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 2,765.87 USD/Ounce. Today's gold price increased by 22.66 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,820 VND/USD), the world gold price is about 87.05 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.95 million VND/tael higher than the international gold price.
.png)
The domestic gold ring price has just reached 89 million VND, the highest level ever, when the world gold price tends to increase, almost returning to its historical peak. If the world gold price surpasses the record of 2758 USD, the domestic gold ring price will likely surpass 89 million VND and set a new peak.
The price of SJC gold bars, which is managed by the State Bank, is usually adjusted more slowly than the fluctuations of the world gold market. This management helps maintain balance and control the difference between domestic and world gold prices. The State Bank will adjust the price of gold bars when world prices change significantly, but usually does so cautiously.
Therefore, if the world gold price continues to increase strongly, domestic gold bars will also likely increase in the coming time.
World gold prices are currently increasing due to geopolitical instability in many regions such as the Gulf, the Russia-Ukraine conflict, the Korean peninsula and complex economic factors such as a weakening USD and increased demand for precious metals.
Some countries, such as India and China, are facing economic difficulties, leading to increased demand for gold, while Russia is hoarding gold to ensure financial security. Conversely, countries with gold mines are requiring some of their gold to be sold to their central banks, affecting the supply of this precious metal.
Over the past two years, many central banks have increased their gold purchases, pushing up the value of gold. Although central bank demand has eased slightly, capital has continued to flow into gold ETFs, creating new momentum for the price increase.
Ole Hansen of Saxo Bank believes that regardless of the outcome of the US election, US debt will continue to rise, making gold a safe choice for risk prevention. He also emphasized that gold price adjustments this year have been mild, with important support levels at $2,685/oz and $2,666/oz.
Gold Price Forecast
Analysts say gold prices still have momentum to increase, but need to adjust before reaching higher levels.
Bullish sentiment on gold has waned this week, with just over 50% of experts expecting prices to rise, while the rest are evenly split between flat or falling. Of the more than 200 retail investors surveyed, 59% expect prices to rise, 22% see them falling and 19% are neutral.
CME's FedWatch tool shows the market predicts a 96.9% chance that the Fed will cut interest rates by 25 basis points on November 7.
Kevin Grady, president of Phoenix Futures and Options, predicts that the world gold price could reach $3,000/ounce by early 2025. Marc Chandler of Bannockburn Global Forex believes that if the gold price falls below $2,700/ounce, long-term investors will be under pressure. He predicts the price will fluctuate between $2,600-2,800/ounce.
Daniel Ghali from TD Securities also predicted that the price of $ 2,800 / ounce could be reached this week, while also saying that the US presidential election will limit the need to sell gold, adding to the buying momentum.
