Gold price today October 4, 2024: World gold price slightly decreased waiting for new information
Gold price today October 4, 2024: The price of 9999 gold rings increased by 300 thousand VND/tael, creating a new peak of 83.5 million VND. World gold has stopped increasing and started to decrease, waiting for more information.
Domestic gold price today October 4, 2024
At the time of survey at 5:00 a.m. on October 4, 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 82.5 million VND/tael for buying and 83.5 million VND/tael for selling. Compared to yesterday, the price of 9999 gold rings increased by 300 thousand VND/tael for buying and 350,000 VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 83.5-84 million VND/tael (buy in - sell out). The price of Mi Hong SJC gold bars increased slightly by 200 thousand VND/tael for buying compared to yesterday.
The price of SJC gold at Bao Tin Minh Chau Company Limited is also traded at 82-84 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 82.1-83.5 million VND/tael (buy in - sell out). The price of SJC gold bars at Bao Tin Manh Hai decreased by 500 thousand VND/tael for selling compared to yesterday.
The latest gold price list today, October 4, 2024 is as follows:
| Gold price today | October 4, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 82 | 84 | - | - |
| DOJI Group | 82 | 84 | - | - |
| Mi Hong | 83.5 | 84 | +200 | - |
| PNJ | 82 | 84 | - | - |
| Vietinbank Gold | - | 84 | - | - |
| Bao Tin Minh Chau | 82 | 84 | - | - |
| Bao Tin Manh Hai | 82.1 | 83.5 | - | -500 |
| 1.DOJI- Updated: 10/4/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 82,000 | 84,000 |
| AVPL/SJC HCM | 82,000 | 84,000 |
| AVPL/SJC DN | 81,500 | 83,500 |
| Raw material 9999 - HN | 82,400▲300K | 82,700▲350K |
| Raw materials 999 - HN | 82,300▲300K | 82,600▲350K |
| AVPL/SJC Can Tho | 82,000 | 84,000 |
| 2.PNJ- Updated: 10/4/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 82,200▲100K | 83,200▲200K |
| HCMC - SJC | 82,000 | 84,000 |
| Hanoi - PNJ | 82,200▲100K | 83,200▲200K |
| Hanoi - SJC | 82,000 | 84,000 |
| Da Nang - PNJ | 82,200▲100K | 83,200▲200K |
| Da Nang - SJC | 82,000 | 84,000 |
| Western Region - PNJ | 82,200▲100K | 83,200▲200K |
| Western Region - SJC | 82,000 | 84,000 |
| Jewelry gold price - PNJ | 82,200▲100K | 83,200▲200K |
| Jewelry gold price - SJC | 82,000 | 84,000 |
| Jewelry gold price - Southeast | PNJ | 82,200▲100K |
| Jewelry gold price - SJC | 82,000 | 84,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 82,200▲100K |
| Jewelry gold price - Jewelry gold 999.9 | 82,000 | 82,800 |
| Jewelry gold price - 999 jewelry gold | 81,920 | 82,720 |
| Jewelry gold price - 99 jewelry gold | 81,070 | 82,070 |
| Jewelry gold price - 916 gold (22K) | 75,450 | 75,950 |
| Jewelry gold price - 750 gold (18K) | 60,850 | 62,250 |
| Jewelry gold price - 680 gold (16.3K) | 55,050 | 56,450 |
| Jewelry gold price - 650 gold (15.6K) | 52,570 | 53,970 |
| Jewelry gold price - 610 gold (14.6K) | 49,260 | 50,660 |
| Jewelry gold price - 585 gold (14K) | 47,190 | 48,590 |
| Jewelry gold price - 416 gold (10K) | 33,200 | 34,600 |
| Jewelry gold price - 375 gold (9K) | 29,800 | 31,200 |
| Jewelry gold price - 333 gold (8K) | 26,070 | 27,470 |
| 3.SJC- Updated: 10/4/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 82,000 | 84,000 |
| SJC 5c | 82,000 | 84,020 |
| SJC 2c, 1C, 5 phan | 82,000 | 84,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 81,600▲100K | 83,000▲100K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 81,600▲100K | 83,100▲100K |
| 99.99% Jewelry | 81,550▲100K | 82,700▲100K |
| 99% Jewelry | 79,881▲99K | 81,881▲99K |
| Jewelry 68% | 53,892▲68K | 56,392▲68K |
| Jewelry 41.7% | 32,139▲41K | 34,639▲41K |
World gold price today October 4, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 am today, Vietnam time, was 2,647.53 USD/Ounce. Today's gold price decreased by 12.11 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,050 VND/USD), the world gold price is about 80.86 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.13 million VND/tael higher than the international gold price.
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World gold prices have stopped rising and started to fall as the US dollar strengthened and investors are waiting for economic data from the US. Geopolitical tensions no longer have much impact on gold prices as the market is paying attention to US economic indicators that will be released soon.
US wages continued to rise, suggesting the labor market remains strong, but this raised concerns that the Fed may not cut interest rates significantly in November.
Gold prices are stabilizing as investors shift to investing in oil, but tensions in the Middle East and the US election could support gold prices in the long term, said expert Brian Lan from GoldSilver Central.
According to Gold Price, although the price of gold has not increased, those who bought and held gold over the past year have made a profit of nearly 50%, equivalent to 837 USD/ounce.
Markets are closely watching private sector jobs data and speeches from Fed officials, with new data due later this week.
There is a 65% chance the Fed will cut rates by 25 basis points in November, and a 35% chance for a 50 basis point cut.
Gold prices will not hit record highs unless tensions in the Middle East escalate further, experts say, as the market awaits further information.
The domestic gold ring price is increasing, creating good investment opportunities. International gold prices are affected by major economic factors and the strengthening of the US dollar. Investors should closely observe the market to make the right decisions.
Gold price forecast
Goldman Sachs has raised its gold price forecast to $2,900 an ounce for early 2025, from its previous forecast of $2,700 an ounce, for two main reasons.
Reason one: Short-term interest rates in the West and China are expected to fall rapidly, affecting gold prices.
Reason two: Strong buying from emerging market central banks, especially in London, is expected to continue to boost gold prices, a trend that will start in 2022.
Carlo Alberto De Casa, market analyst at Kinesis Money, said that although gold is under pressure from a strong US dollar, the current environment is still very favorable for gold.
Bob Haberkorn, senior market strategist at RJO Futures, said concerns about conflict in the Middle East could push gold prices to $2,700 an ounce.
