Domestic gold price today November 17, 2024
At the time of survey at 4:30 a.m. on November 17, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 81 million VND/tael for buying and 82.7 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 81.8-83.5 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars increased by 500 thousand VND/tael for buying.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 80.3-83.5 million VND/tael (buy - sell).
At Bao Tin Manh Hai, it is being traded at 80-83.5 million VND/tael (buy - sell).
The latest gold price list today, November 17, 2024 is as follows:
| Gold price today | November 17, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 80 | 83.5 | - | - |
| DOJI Group | 80 | 83.5 | - | - |
| Red Eyelashes | 81.8 | 83.5 | +500 | - |
| PNJ | 80 | 83.5 | - | - |
| Vietinbank Gold | 83.5 | - | ||
| Bao Tin Minh Chau | 80.3 | 83.5 | - | - |
| Bao Tin Manh Hai | 80 | 83.5 | - | - |
| 1. DOJI - Updated: 11/17/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 80,000 | 83,500 |
| AVPL/SJC HCM | 80,000 | 83,500 |
| AVPL/SJC DN | 80,000 | 83,500 |
| Raw material 9999 - HN | 81,000 | 81,900 |
| Raw material 999 - HN | 80,900 | 81,800 |
| AVPL/SJC Can Tho | 80,000 | 83,500 |
| 2. PNJ - Updated: November 17, 2024 04:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 80,900 ▲900K | 82,600 ▲700K |
| HCMC - SJC | 80,000 | 83,500 |
| Hanoi - PNJ | 80,900 ▲900K | 82,600 ▲700K |
| Hanoi - SJC | 80,000 | 83,500 |
| Da Nang - PNJ | 80,900 ▲900K | 82,600 ▲700K |
| Da Nang - SJC | 80,000 | 83,500 |
| Western Region - PNJ | 80,900 ▲900K | 82,600 ▲700K |
| Western Region - SJC | 80,000 | 83,500 |
| Jewelry gold price - PNJ | 80,900 ▲900K | 82,600 ▲700K |
| Jewelry gold price - SJC | 80,000 | 83,500 |
| Jewelry gold price - Southeast | PNJ | 80,900 ▲900K |
| Jewelry gold price - SJC | 80,000 | 83,500 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 80,900 ▲900K |
| Jewelry gold price - Jewelry gold 999.9 | 80,800 ▲900K | 81,600 ▲900K |
| Jewelry gold price - Jewelry gold 999 | 80,720 ▲900K | 81,520 ▲900K |
| Jewelry gold price - Jewelry gold 99 | 79,880 ▲890K | 80,880 ▲890K |
| Jewelry gold price - 916 gold (22K) | 74,350 ▲830K | 74,850 ▲830K |
| Jewelry gold price - 750 gold (18K) | 59,950 ▲670K | 61,350 ▲670K |
| Jewelry gold price - 680 gold (16.3K) | 54,240 ▲610K | 55,640 ▲610K |
| Jewelry gold price - 650 gold (15.6K) | 51,790 ▲580K | 53,190 ▲580K |
| Jewelry gold price - 610 gold (14.6K) | 48,530 ▲550K | 49,930 ▲550K |
| Jewelry gold price - 585 gold (14K) | 46,490 ▲530K | 47,890 ▲530K |
| Jewelry gold price - 416 gold (10K) | 32,700 ▲380K | 34,100 ▲380K |
| Jewelry gold price - 375 gold (9K) | 29,350 ▲340K | 30,750 ▲340K |
| Jewelry gold price - 333 gold (8K) | 25,680 ▲300K | 27,080 ▲300K |
| 3. SJC - Updated: 11/17/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 80,000 | 83,500 |
| SJC 5c | 80,000 | 83,520 |
| SJC 2c, 1c, 5c | 80,000 | 83,530 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 79,800 ▲300K | 82,300 ▲300K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 79,800 ▲300K | 82,400 ▲300K |
| Jewelry 99.99% | 79,700 ▲300K | 81,900 ▲300K |
| Jewelry 99% | 78,089 ▲297K | 81,089 ▲297K |
| Jewelry 68% | 52,847 ▲204K | 55,847 ▲204K |
| Jewelry 41.7% | 31,305 ▲125K | 34,305 ▲125K |
World gold price today November 17, 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 2,561.47 USD/Ounce. Today's gold price decreased by 3.81 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,709 VND/USD), the world gold price is about 80.27 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.23 million VND/tael higher than the international gold price.
At the end of the week, the price of 9999 gold rings suddenly turned around and increased sharply, showing a lack of consensus among some units.
Specifically, Ho Chi Minh City Jewelry Company announced the price of gold rings at 79.5 million to 82 million VND/tael (buy - sell), the highest increase of 900 thousand VND/tael compared to yesterday morning's price.
Bao Tin Minh Chau Company listed the price of gold rings from 80.78 million to 82.68 million VND/tael (buy - sell), an increase of 460,000 VND/tael.
DOJI Group offers gold ring prices from 81 million to 82.7 million VND/tael (buy - sell), the price remains unchanged.
Thus, after a week of sharp decline of more than 6 million VND/tael, the price of gold rings has unexpectedly recovered and increased again. The buying-selling difference is stable at 1.7-2 million VND.
Currently, the world gold price is at 2,561.47 USD/Ounce, not much changed compared to yesterday, but has decreased more than 4% this week, the lowest level since September 12.
Gold prices have fallen recently, largely due to the strong US dollar and investor interest shifting to new asset classes such as cryptocurrencies. A stronger US dollar makes gold more expensive for holders of other currencies, making it less attractive.
Bitcoin’s record price surge to $93,000 per coin has drawn attention, reducing the appeal of gold, which is considered a traditional safe haven, according to Rahul Kalantri, vice president of commodities at Mehta Equities.
In addition, the market is expecting President-elect Donald Trump's policies to boost inflation, forcing the Fed to keep interest rates high for longer, which continues to put downward pressure on gold prices.
World gold prices have recently slowed down, partly due to positive data on the US labor market. According to the US Department of Labor, the number of weekly unemployment claims fell to a six-month low. Specifically, in the week ending November 9, the number of claims was 217,000, lower than the previous forecast of 223,000.
This information affects expectations about the US Federal Reserve's interest rate policy. The market currently predicts an 82% chance that the Fed will continue to cut interest rates by 0.25% at its December meeting, marking the third interest rate cut this year.
Despite the fall in gold prices, many experts remain optimistic about the long-term potential of the precious metal. The current price drop could be an opportunity for investors to accumulate more gold. However, with interest rates rising and inflation trending steadily, short-term gains from gold may be limited.
Gold has enjoyed a strong rally this year, hitting a record high of $2,790 an ounce on October 30, up more than 40% from its February low. However, the medium-term uptrend in gold has been disrupted, according to Kelvin Wong, senior market analyst at OANDA. He said it would take more time for the macroeconomic factors supporting gold to resume their upward momentum.
Kelvin Wong said the current strength of the US dollar is largely due to the rapid increase in the yield on the 10-year US Treasury bond, despite the Fed's interest rate cutting cycle. This growth in the US dollar and bond yields could continue to reduce the attractiveness of gold.
Additionally, the possibility of the Fed pausing rate cuts could prompt investors to shift to higher-yielding assets, making gold less attractive in the short term.
Gold prices are on track to fall sharply this week, down nearly 5%, the biggest drop since 2021, according to Kitco. Gold prices weakened partly after a better-than-expected US retail sales report raised expectations for economic stability.
Meanwhile, Allegiance Gold CEO Alex Ebkarian said that the uncertainties, especially the short-term ones, are gone, and now only the fundamental factors remain to have a strong impact on gold prices.
Fawad Razaqzada, an analyst at Forex, said the decline in gold prices reflected expectations of a tighter monetary policy under Donald Trump, which would likely lead to higher interest rates, increasing the cost of holding gold, thereby reducing the appeal of the precious metal.
Source: https://baodaknong.vn/gia-vang-hom-nay-17-11-2024-gia-vang-nhan-9999-tang-manh-thieu-dong-bo-234424.html
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