Gold price today September 30, 2024: World gold is expected to decrease slightly at the beginning of the week
Gold price today September 30, 2024: The price of 9999 gold rings reached a new record with the highest price of 83.45 million VND. World gold prices decreased slightly, ending the trading week with a record.
Domestic gold price today September 30, 2024
At the time of survey at 5:00 a.m. on September 30, 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 82.75 million VND/tael for buying and 83.45 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 82.7-83.5 million VND/tael (buy - sell).
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, September 30, 2024 is as follows:
| Gold price today | September 30, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 81.5 | 83.5 | - | - |
| DOJI Group | 81.5 | 83.5 | - | - |
| Red Eyelashes | 82.7 | 83.5 | - | - |
| PNJ | 81.5 | 83.5 | - | - |
| Vietinbank Gold | - | 83.5 | - | - |
| Bao Tin Minh Chau | 81.5 | 83.5 | - | - |
| Bao Tin Manh Hai | 81.6 | 83.5 | - | - |
| 1.DOJI- Updated: 9/30/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 81,500 | 83,500 |
| AVPL/SJC HCM | 81,500 | 83,500 |
| AVPL/SJC DN | 81,500 | 83,500 |
| Raw material 9999 - HN | 82,700 | 84,000 |
| Raw material 999 - HN | 82,600 | 83,900 |
| AVPL/SJC Can Tho | 81,500 | 83,500 |
| 2.PNJ- Updated: 9/30/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 82,500 | 83,300 |
| HCMC - SJC | 81,500 | 83,500 |
| Hanoi - PNJ | 82,500 | 83,300 |
| Hanoi - SJC | 81,500 | 83,500 |
| Da Nang - PNJ | 82,500 | 83,300 |
| Da Nang - SJC | 81,500 | 83,500 |
| Western Region - PNJ | 82,500 | 83,300 |
| Western Region - SJC | 81,500 | 83,500 |
| Jewelry gold price - PNJ | 82,500 | 83,300 |
| Jewelry gold price - SJC | 81,500 | 83,500 |
| Jewelry gold price - Southeast | PNJ | 82,500 |
| Jewelry gold price - SJC | 81,500 | 83,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 82,500 |
| Jewelry gold price - Jewelry gold 999.9 | 82,400 | 83,200 |
| Jewelry gold price - Jewelry gold 999 | 82,320 | 83,120 |
| Jewelry gold price - Jewelry gold 99 | 81,470 | 82,470 |
| Jewelry gold price - 916 gold (22K) | 75,810 | 76,310 |
| Jewelry gold price - 750 gold (18K) | 61,150 | 62,550 |
| Jewelry gold price - 680 gold (16.3K) | 55,330 | 56,730 |
| Jewelry gold price - 650 gold (15.6K) | 52,830 | 54,230 |
| Jewelry gold price - 610 gold (14.6K) | 49,500 | 50,900 |
| Jewelry gold price - 585 gold (14K) | 47,420 | 48,820 |
| Jewelry gold price - 416 gold (10K) | 33,360 | 34,760 |
| Jewelry gold price - 375 gold (9K) | 29,950 | 31,350 |
| Jewelry gold price - 333 gold (8K) | 26,210 | 27,610 |
| 3.SJC- Updated: 9/30/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 81,500 | 83,500 |
| SJC 5c | 81,500 | 83,520 |
| SJC 2c, 1c, 5c | 81,500 | 83,530 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 81,500 | 83,000 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 81,500 | 83,100 |
| Jewelry 99.99% | 81,450 | 82,700 |
| Jewelry 99% | 79,881 | 81,881 |
| Jewelry 68% | 53,892 | 56,392 |
| Jewelry 41.7% | 32,139 | 34,639 |
World gold price today September 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 2,653.42 USD/Ounce. Today's gold price increased by 32.41 USD/Ounce compared to last week's gold price. Converted to the USD exchange rate, on the free market (25,330 VND/USD), the world gold price is about 81.93 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 1.56 million VND/tael higher than the international gold price.
The world gold price started the week at $2,620/ounce, breaking the usual downward trend seen in September, and skyrocketed to new highs. During the week, the gold price continued to rise, surpassing the levels of $2,634, $2,666, and $2,670/ounce, finally reaching a record high of $2,685 to $2,700/ounce.
Traders are closely watching U.S. economic data, with the PCE index rising just 0.1% in August, below forecasts of 0.2%, suggesting inflation may be easing. The positive data could give the Federal Reserve more confidence in cutting interest rates.
Gold prices are mixed among experts, with both bullish and bearish sentiment, according to the weekly Kitco News Gold Survey. Retail investors remain bullish on gold, but have become more cautious about the metal’s future upside potential.
Last week, the Vietnamese gold market witnessed a race between 9999 gold rings and SJC gold bars with impressive prices.
The price of SJC gold bars has stabilized thanks to the intervention of the Government and the State Bank, without major fluctuations like gold rings.
For the first time, the price of gold rings is almost equal to the price of SJC gold bars, both at unprecedented highs.
Currently, the price of SJC gold bars is listed from 81.5 to 83.5 million VND/tael at major trading centers. The price of gold rings has reached a new level, only 50,000 VND/tael lower than the price of SJC gold bars.
The gold ring market has been rising every day for over 10 days, reaching an all-time high. The price of gold rings is now almost equal to and sometimes higher than the buying price of gold bars.
The limitation of gold sales by business units is the main reason for the sharp increase in gold ring prices. Although gold bars have little price fluctuation, it is difficult to buy large quantities at present, causing investors to switch to gold rings.
Demand for gold rings is high while supply is limited, leading to continuous price increases, even when world gold prices do not increase.
Gold Price Forecast
Ole Hansen from Saxo Bank said that gold prices are likely to correct after hitting a record high, with a potential drop of 4–6%.
The first support level for gold is $2,670/ounce, and if the price breaks below this level, the next support level is $2,547/ounce. In the worst case scenario, the price could fall to $2,500/ounce.
Alex Kuptsikevich from FxPro warns that there is not much room left for gold prices to rise, and that the market may have to correct.
Kuptsikevich also pointed out that gold has surpassed the key bullish level from August 2018, and finding new upside targets is becoming increasingly difficult.
Upcoming US economic data, such as jobs figures, could influence gold prices.
On the other hand, Bart Melek of TD Securities predicts that gold prices could rise again, with a year-end target of above $2,700/ounce. Melek believes that the Fed's easing policy, including interest rate cuts, will support gold prices, even if inflation remains high.
