Gold price today September 19, 2024: World gold price drops before important moment
Gold price today September 19, 2024: 9999 gold ring price continues to increase by 100 thousand VND in buying price. World gold price slightly decreased before the moment the FED decided to reduce interest rates.
Domestic gold price today September 19, 2024
At the time of survey at 5:00 a.m. on September 19, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 78.10 million VND/tael for buying and 79.20 million VND/tael for selling. An increase of 100,000 VND/tael for buying.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 81-82 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 80-82 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 80-82 million VND/tael (buy in - sell out).
The latest gold price list today, September 19, 2024 is as follows:
| Gold price today | September 19, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 80 | 82 | - | - |
| DOJI Group | 80 | 82 | - | - |
| Mi Hong | 81 | 82 | - | - |
| PNJ | 80 | 82 | - | - |
| Vietinbank Gold | - | 82 | - | - |
| Bao Tin Minh Chau | 80 | 82 | - | - |
| Bao Tin Manh Hai | 80 | 82 | - | - |
| 1.DOJI- Updated: 19/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 80,000 | 82,000 |
| AVPL/SJC HCM | 80,000 | 82,000 |
| AVPL/SJC DN | 80,000 | 82,000 |
| Raw material 9999 - HN | 78,000▲50K | 78,150 |
| Raw materials 999 - HN | 77,900▲50K | 78,050 |
| AVPL/SJC Can Tho | 80,000 | 82,000 |
| 2.PNJ- Updated: 19/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 78,000 | 79,200 |
| HCMC - SJC | 80,000 | 82,000 |
| Hanoi - PNJ | 78,000 | 79,200 |
| Hanoi - SJC | 80,000 | 82,000 |
| Da Nang - PNJ | 78,000 | 79,200 |
| Da Nang - SJC | 80,000 | 82,000 |
| Western Region - PNJ | 78,000 | 79,200 |
| Western Region - SJC | 80,000 | 82,000 |
| Jewelry gold price - PNJ | 78,000 | 79,200 |
| Jewelry gold price - SJC | 80,000 | 82,000 |
| Jewelry gold price - Southeast | PNJ | 78,000 |
| Jewelry gold price - SJC | 80,000 | 82,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 78,000 |
| Jewelry gold price - Jewelry gold 999.9 | 77,900 | 78,700 |
| Jewelry gold price - 999 jewelry gold | 77,820 | 78,620 |
| Jewelry gold price - 99 jewelry gold | 77,010 | 78,010 |
| Jewelry gold price - 916 gold (22K) | 71,690 | 72,190 |
| Jewelry gold price - 750 gold (18K) | 57,780 | 59,180 |
| Jewelry gold price - 680 gold (16.3K) | 52,270 | 53,670 |
| Jewelry gold price - 650 gold (15.6K) | 49,910 | 51,310 |
| Jewelry gold price - 610 gold (14.6K) | 46,760 | 48,160 |
| Jewelry gold price - 585 gold (14K) | 44,790 | 46,190 |
| Jewelry gold price - 416 gold (10K) | 31,490 | 32,890 |
| Jewelry gold price - 375 gold (9K) | 28,260 | 29,660 |
| Jewelry gold price - 333 gold (8K) | 24,720 | 26,120 |
| 3.SJC- Updated: 19/9/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 80,000 | 82,000 |
| SJC 5c | 80,000 | 82,020 |
| SJC 2c, 1C, 5 phan | 80,000 | 82,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 77,900 | 79,200 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,900 | 79,300 |
| 99.99% Jewelry | 77,800 | 78,800 |
| 99% Jewelry | 76,020 | 78,020 |
| Jewelry 68% | 51,239 | 53,739 |
| Jewelry 41.7% | 30,513 | 33,013 |
World gold price today September 19, 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 2,571.05 USD/Ounce. Today's gold price decreased by 7.53 USD/Ounce compared to yesterday's gold price. Converted according to the USD exchange rate, on the free market (24,950 VND/USD), the world gold price is about 78.56 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.43 million VND/tael higher than the international gold price.
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The US Federal Reserve (Fed) is likely to cut interest rates on September 18, which has not happened in the past four years and will have a huge impact not only domestically but also globally. Economists are eagerly discussing the extent and speed of this interest rate cut, as well as the changes in monetary policy that the Fed will apply.
The upcoming US presidential election is adding to the uncertainty, with global investors and policymakers waiting for guidance from the Fed and hoping for a “soft landing” for the US economy.
Kenneth Broux, an expert at Societe Generale, expressed his view that there is still much uncertainty about this rate cut cycle, whether it will be similar to 1995 with a 75 basis point cut or will be like 2007-2008 with 500 basis points.
In the commodities market, precious metals like gold could benefit from the Fed's decision, with gold prices typically rising when interest rates are cut. Gold prices are high, but John Reade of the World Gold Council advises investors to be cautious.
Gold market speculators are betting on rising gold prices, but they also have a “buy the rumor, sell the fact” strategy, meaning they buy on rumors of rising prices and sell when prices peak to make a profit. Gold prices may not stay high if speculators decide to sell when prices reach their desired levels.
Base metals like copper could also benefit from lower interest rates, with falling prices and a weaker dollar likely to spur demand. Ehsan Khoman of MUFG said high interest rates could be a major headwind for base metal demand.