Gold price this afternoon (April 29): Gold ring price, gold...

According to records, this afternoon (April 29), the price of gold in the domestic market increased again, with the highest increase reaching 1.8 million VND/tael.

Specifically, today's gold price on the domestic market is listed as follows:

SJC gold price in Hanoi and Da Nang: 119.3 million VND/tael for buying - 121.3 million VND/tael for selling, up 1.8 million VND/tael for both buying and selling.

DOJI gold price in Hanoi area: 119.3 million VND/tael for buying - 121.3 million VND/tael for selling, increased 1.8 million VND/tael for both buying and selling.

Similarly, DOJI gold price in Ho Chi Minh City also increased by 1.8 million VND in both directions, trading at 119.3 million VND/tael for buying - 121.3 million VND/tael for selling.

Illustration photo: 24h.com.vn

PNJ gold price is being bought at 114 million VND/tael and sold at 117 million VND/tael, an increase of 1.5 million VND/tael for both buying and selling.

Similarly, the price of SJC gold bars at Bao Tin Minh Chau Company Limited was traded by the enterprise at 119.3 million VND/tael for buying - 121.3 million VND/tael for selling, an increase of 1.8 million VND/tael for both buying and selling.

Plain round gold rings are traded by businesses at 117.1 million VND/tael for buying (up 1.4 million VND/tael) - 120.1 million VND/tael for selling (up 1.6 million VND/tael).

Phu Quy SJC gold price is traded at 118.3 million VND/tael for buying (up 1.3 million VND/tael) - 121.3 million VND/tael for selling (up 1.8 million VND/tael).

On the world market, on the morning of April 29, the world gold price recovered slightly as many investors took advantage of buying when the price went down. Early this morning, the world gold price was listed on Kitco at 3,334 USD/ounce, up 18 USD compared to early yesterday morning.

Gold prices recovered slightly as buying activity increased, after falling earlier in the week.

There are signs of exhaustion of selling pressure, said TD Securities commodity strategist Daniel Ghali, adding that the downside risk to gold is extremely low.

According to UBS analyst Giovanni Staunovo, the US Federal Reserve (Fed) is still expected to cut interest rates later this year, so gold prices may retest the $3,500/ounce mark.

Bob Haberkorn, senior commodities broker at RJO Futures, said the gold sell-off is still likely. “If you look at the technical indicators, gold prices will fall further,” he said. There may be some new buyers entering at around $3,100 an ounce. In the coming period, Haberkorn said, gold prices are likely to fluctuate in the current range, possibly even falling below $3,200 an ounce.

TRUONG AN

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Source: https://baodaknong.vn/gia-vang-chieu-nay-29-4-gia-vang-nhan-vang-mieng-tang-cao-tro-lai-250994.html