Gold price today October 20: Company increases SJC gold bar purchase price

Saigon Jewelry Company - SJC increased the buying price of SJC gold bars by 500,000 VND per tael, to 150 million VND, while the selling price remained at 151 million VND. Phu Nhuan Jewelry Company (PNJ) increased the buying price of gold bars to 150 million VND, and the selling price to 151 million VND. On the contrary, Asia Commercial Joint Stock Bank (ACB ) reduced the buying price by 500,000 VND/tael, to 149.5 million VND, while the selling price remained at 151 million VND. The difference between the buying and selling price of SJC gold bars narrowed to 1 - 1.5 million VND/tael.

The price of gold rings remained unchanged at the beginning of the day. SJC Company bought 148 million VND, sold 150.3 million VND; PNJ Company bought 148 million VND, sold 151 million VND…

Gold bar buying price increased. PHOTO: NGOC THANG

The world gold price fluctuated strongly, continuously increasing and decreasing within the range of 4,218 - 4,268 USD/ounce. However, the downward trend remained dominant. At the record high price reached last week at 4,392 USD/ounce, world investors took profits in the last trading session of the week. Profit-taking activities of investors may continue to take place early this week.

Some information that is currently unfavorable for the increase in gold prices is that the US and China will meet directly this week in Malaysia to continue negotiations regarding the US's plan to increase tariffs on Chinese goods. Previously, trade tensions between the two countries escalated when China imposed a series of strict controls on the rare earth industry. US President Donald Trump threatened to impose a 100% tax on imported goods from China. In addition, the situation in the Gaza Strip after the ceasefire agreement is still tense, causing gold to rebound.

With the U.S. government shut down, markets continue to be focused on private sector data. Economists will be watching for home sales and preliminary manufacturing data this week. The only exception to the lack of data will be inflation data. The U.S. Bureau of Labor Statistics has reportedly called a limited number of workers back to work to release September consumer price data. The data is needed to calculate the annual cost-of-living adjustment for Social Security beneficiaries, according to the New York Times. Under federal law, the Social Security Administration must release its adjustment plan by November 1.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-20102025-cong-ty-tang-gia-mua-vang-mieng-sjc-185251020083833724.htm

Source: https://baolongan.vn/gia-vang-hom-nay-20-10-cong-ty-tang-gia-mua-vang-mieng-sjc-a204835.html