Gold price today September 29, 2024: World gold slightly decreased ending a record trading week
Gold price today September 29, 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 at a record level.
Domestic gold price today September 29, 2024
At the time of survey at 5:00 a.m. on September 29, 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 Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 82.7-83.5 million VND/tael (buy in - sell out). The price of Mi Hong gold decreased slightly by 300 thousand VND/tael for buying compared to yesterday.
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 29, 2024 is as follows:
| Gold price today | September 29, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 81.5 | 83.5 | - | - |
| DOJI Group | 81.5 | 83.5 | - | - |
| Mi Hong | 82.7 | 83.5 | -300 | - |
| 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: 9/29/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| 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 materials 999 - HN | 82,600 | 83,900 |
| AVPL/SJC Can Tho | 81,500 | 83,500 |
| 2.PNJ- Updated: 9/29/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| 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 - 999 jewelry gold | 82,320 | 83,120 |
| Jewelry gold price - 99 jewelry gold | 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: 9/29/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 81,500 | 83,500 |
| SJC 5c | 81,500 | 83,520 |
| SJC 2c, 1C, 5 phan | 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 |
| 99.99% Jewelry | 81,450 | 82,700 |
| 99% Jewelry | 79,881 | 81,881 |
| Jewelry 68% | 53,892 | 56,392 |
| Jewelry 41.7% | 32,139 | 34,639 |
World gold price today September 29, 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 decreased by 14.29 USD/Ounce compared to yesterday's gold price. Converted according 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.
Gold prices fell slightly in the final trading session of the week as investors took profits. However, gold prices rose about 1.4% for the week and are likely to end the quarter with an eight-year high, thanks to expectations of lower global interest rates, especially in the US.
Since the start of the third quarter, gold prices have increased by 14%, the highest increase in a quarter since the beginning of 2016. Since the beginning of the year, gold prices have increased by 29%, marking the highest increase in 14 years.
A recent report from the US Commerce Department showed that the personal consumption expenditures (PCE) price index rose 0.1% in August, in line with economists' expectations. The PCE, the Fed's preferred inflation measure, rose 2.2% year-over-year, below the 2.3% forecast.
The market predicts the Fed could continue to cut interest rates at its November meeting, with more than 54% betting on a 0.5% cut and nearly 46% betting on a 0.25% cut.
Gold prices fell in a session as investors sold to realize profits from higher prices. Next week, the non-farm payrolls report and manufacturing data could cause market volatility. Investors are waiting for comments from Federal Reserve Chairman Jerome Powell at an upcoming economic conference.
Gold prices could hit $2,700 an ounce this year or early next, supported by the Fed's rate cut and other factors such as geopolitical instability and central bank demand.
Gold price forecast
Ole Hansen of Saxo Bank said the gold market is losing purchasing power and needs a price adjustment. Gold prices could fall by 4-6% without affecting the overall upward trend.
He forecasts initial support for gold at $2,670 an ounce, then $2,547 an ounce and finally $2,500 an ounce if prices continue to fall.
Alex Kuptsikevich of FxPro believes that gold has little room to run and is at risk of a correction. Gold has already surpassed its 161.8% gain from 2018, making it difficult to find new upside targets. Upcoming jobs data could be a risk for gold prices.
James Stanley of Forex.com sees room for gold to rise, but advises investors to buy on dips. Initial support for gold, according to Stanley, is $2,650 an ounce, followed by $2,635 and $2,600 an ounce.
Some institutions and experts predict that gold prices could reach $3,000 in the near future. Phillip Streible of Blue Line Futures believes that the $3,000 mark for gold could come true this year.
Expert Tran Duy Phuong predicts that gold prices may decrease next week due to profit-taking pressure after recent rapid price increases.