Gold price today October 9, 2024: World gold price drops sharply, opposite to gold bar price
Gold price today October 9, 2024: The price of 9999 gold rings decreased slightly in the buying direction, while gold bars set a new record of 85 million VND/tael. On the contrary, the world gold price decreased sharply, pulling back to nearly 2600 USD/ounce.
Domestic gold price today October 9, 2024
At the time of survey at 5:00 a.m. on October 9, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 82.7 million VND/tael for buying and 83.6 million VND/tael for selling. Compared to yesterday, the price of DOJI gold rings decreased slightly by 50 thousand VND/tael for buying.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 84.5-85 million VND/tael (buy - sell). The price of Mi Hong SJC gold bars increased sharply by 1 million VND in both buying and selling directions compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83-85 million VND/tael (buy - sell). Compared to yesterday, Bao Tin Minh Chau gold price increased sharply by 1 million VND in both buying and selling directions compared to yesterday.
At Bao Tin Manh Hai, it is being traded at 83-85 million VND/tael (buy - sell). Compared to yesterday, Bao Tin Manh Hai gold price increased sharply by 900 thousand VND/tael for buying, and increased sharply by 1 million VND/tael for selling.
The latest gold price list today, October 9, 2024 is as follows:
| Gold price today | October 9, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 83 | 85 | +1,000 | +1,000 |
| DOJI Group | 83 | 85 | +1,000 | +1,000 |
| Red Eyelashes | 84.5 | 85 | +1,000 | +1,000 |
| PNJ | 83 | 85 | +1,000 | +1,000 |
| Vietinbank Gold | - | 85 | - | +1,000 |
| Bao Tin Minh Chau | 83 | 85 | +1,000 | +1,000 |
| Bao Tin Manh Hai | 83 | 85 | +900 | +1,000 |
| 1.DOJI- Updated: 10/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 83,000▲1000K | 85,000▲1000K |
| AVPL/SJC HCM | 83,000▲1000K | 85,000▲1000K |
| AVPL/SJC DN | 83,000▲1000K | 85,000▲1000K |
| Raw material 9999 - HN | 82,600▼50K | 82,900 |
| Raw material 999 - HN | 82,500▼50K | 82,800 |
| AVPL/SJC Can Tho | 83,000▲1000K | 85,000▲1000K |
| 2.PNJ- Updated: 10/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 82,700 | 83,600 |
| HCMC - SJC | 83,000▲1000K | 85,000▲1000K |
| Hanoi - PNJ | 82,700 | 83,600 |
| Hanoi - SJC | 83,000▲1000K | 85,000▲1000K |
| Da Nang - PNJ | 82,700 | 83,600 |
| Da Nang - SJC | 83,000▲1000K | 85,000▲1000K |
| Western Region - PNJ | 82,700 | 83,600 |
| Western Region - SJC | 83,000▲1000K | 85,000▲1000K |
| Jewelry gold price - PNJ | 82,700 | 83,600 |
| Jewelry gold price - SJC | 83,000▲1000K | 85,000▲1000K |
| Jewelry gold price - Southeast | PNJ | 82,700 |
| Jewelry gold price - SJC | 83,000▲1000K | 85,000▲1000K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 82,700 |
| Jewelry gold price - Jewelry gold 999.9 | 82,600 | 83,400 |
| Jewelry gold price - Jewelry gold 999 | 82,520 | 83,320 |
| Jewelry gold price - Jewelry gold 99 | 81,670 | 82,670 |
| Jewelry gold price - 916 gold (22K) | 75,990 | 76,490 |
| Jewelry gold price - 750 gold (18K) | 61,300 | 62,700 |
| Jewelry gold price - 680 gold (16.3K) | 55,460 | 56,860 |
| Jewelry gold price - 650 gold (15.6K) | 52,960 | 54,360 |
| Jewelry gold price - 610 gold (14.6K) | 49,620 | 51,020 |
| Jewelry gold price - 585 gold (14K) | 47,540 | 48,940 |
| Jewelry gold price - 416 gold (10K) | 33,440 | 34,840 |
| Jewelry gold price - 375 gold (9K) | 30,030 | 31,430 |
| Jewelry gold price - 333 gold (8K) | 26,270 | 27,670 |
| 3.SJC- Updated: 10/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 83,000▲1000K | 85,000▲1000K |
| SJC 5c | 83,000▲1000K | 85,020▲1000K |
| SJC 2c, 1c, 5c | 83,000▲1000K | 85,030▲1000K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 82,000 | 83,300 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 82,000 | 83,400 |
| Jewelry 99.99% | 81,950 | 83,000 |
| Jewelry 99% | 80,178 | 82,178 |
| Jewelry 68% | 54,096 | 56,596 |
| Jewelry 41.7% | 32,264 | 34,764 |
World gold price today October 9, 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 2,610.05 USD/Ounce. Today's gold price decreased by 39.33 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,300 VND/USD), the world gold price is about 80.5 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 4.5 million VND/tael higher than the international gold price.
.png)
Gold prices fell to a one-week low in Shanghai and to a three-week low in London, along with crude oil, as Iran-backed militia Hezbollah backed calls for a ceasefire in its war with Israel, while China’s politburo failed to announce a new stimulus plan for the world’s second-largest economy.
In contrast, the US dollar rose in the foreign exchange market, as did long-term interest rates in the bond market – increasing the opportunity cost of owning gold or betting on higher gold prices – following fresh comments from US Federal Reserve officials that they were in no hurry to cut interest rates.
Returning from China’s week-long National Day holiday, traders at the Shanghai Gold Exchange pushed gold prices below 594 yuan a gram, down 0.9% from last month’s record high.
This put wholesale gold prices in the top precious metals consumer at a $29/ounce discount to London quotes, indicating weak demand with the discount encouraging the sharpest new imports since China's record Covid-19-induced gold price drop in 2020.
According to CME's FedWatch tool, the market now sees a 95% chance that the Fed will only cut rates by 25 basis points in November.
Investors are now turning their attention to the minutes of the latest US Federal Reserve meeting due to be released on Wednesday, October 9. Then on Thursday, US Consumer Price Index (CPI) data for September will be released, followed by Producer Price Index (PPI) data on Friday.
A stronger US dollar limited the downside for UK and Eurozone investors to a one-week low, keeping gold prices at 2,000 and 2,385 euros/ounce respectively.
