Gold price on November 19: Gold bars and gold rings increased again after nearly a week of price decrease and sideways movement

The world gold price today (November 19) recovered after 3 consecutive sessions of decline, rising to 4,070 USD. The price of SJC gold bars and gold rings also increased again after nearly 1 week of decline and sideways price movement, trading at 150.7 million VND/tael and 148.4 million VND/tael, respectively.

(Photo: NGOC BICH)

This morning, domestic gold brands simultaneously adjusted the buying and selling prices of gold bars and gold rings by millions of VND/tael when world gold prices escaped the fourth consecutive session of decline.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:30 a.m. on November 19.

Specifically, at 10:30 a.m. on November 19, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 148.7-150.7 million VND/tael, an increase of 1.4 million VND/tael compared to the previous closing price. The difference between buying and selling is 2 million VND/tael.

SJC 9999 gold ring price is 145.9 million VND/tael for buying, 148.4 million VND/tael for selling. Difference between buying and selling is 2.5 million VND/tael.

DOJI gold bar price in Hanoi and Ho Chi Minh City is trading at 148.7 million VND/tael for buying and 150.7 million VND/tael for selling, an increase of 1.4 million VND/tael compared to the previous session. The difference between buying and selling is 2 million VND/tael.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 146-149 million VND/tael. The difference between buying and selling is 3 million VND/tael.

PNJ Gold closed the week buying at 146 million VND/tael and selling at 149 million VND/tael.

Bao Tin Minh Chau listed the price of 9999 gold rings at 148-151 million VND/tael (buy-sell).

Currently, domestic gold price is still higher than world price by about 20-21 million VND/tael (excluding tax and fees).

As of 10:30 a.m. on November 19 (Vietnam time), the world gold price increased by 25.5 USD/ounce compared to the previous session to 4,070 USD/ounce.

World gold prices this morning increased again after 3 consecutive sessions of decline.

Gold price chart on November 19. (Photo: kitco.com)

Currently, the market is paying attention to information related to the monetary policy of the US Federal Reserve (FED) in the coming time. Whether the FED will cut interest rates or maintain the current interest rates at the December meeting of the Federal Open Market Committee (FOMC) will directly impact the precious metals market.

In the medium and long term, according to experts, gold continues to benefit from the sustained accumulation of central banks. The increasing trend of major central banks around the world increasing their gold reserves instead of holding USD has created fundamental support for the recent upward trend of precious metals.

This morning, the USD-Index increased slightly to 99.58 points; the yield on 10-year US Treasury bonds decreased slightly to 4.117%; US stocks decreased as technology stocks continued to be sold off heavily in the context of investors believing that the valuation of this group of stocks had been pushed too high; world oil prices decreased slightly, trading at 64.65 USD/barrel for Brent oil and 60.43 USD/barrel for WTI oil.

JADE

Source: https://nhandan.vn/gia-vang-ngay-1911-vang-mieng-vang-nhan-tang-tro-lai-sau-gan-1-tuan-giam-gia-va-di-ngang-post924155.html