Price of 9999 gold ring and SJC gold decreased by nearly 1 million VND

Domestic gold price today November 15, 2024

At the time of survey at 5:00 a.m. on November 15, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 79.8 million VND/tael for buying and 82.1 million VND/tael for selling. The price of 9999 gold rings decreased by 300 thousand VND/tael for buying and 900 thousand VND/tael for selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 80.2-83.2 million VND/tael for buying and selling. Compared to yesterday, the price of SJC gold bars decreased by 1.1 million VND/tael for buying and 800 thousand VND/tael for selling.

The price of SJC gold at Bao Tin Minh Chau Company Limited was also traded by the enterprise at 80-83.5 million VND/tael (buying - selling). Compared to yesterday, the price of SJC gold bars at BTMC decreased by 700 thousand VND/tael for buying and 500 thousand VND/tael for selling.

At Bao Tin Manh Hai, it is being traded at 80-83.5 million VND/tael (buy in - sell out). Compared to yesterday, it decreased by 500 thousand VND/tael in both buying and selling directions.

The latest gold price list today, November 15, 2024 is as follows:

Gold price today	November 15, 2024 (Million VND)		Difference (thousand dong/tael)
	Buy	Sell ​​out	Buy	Sell ​​out
SJC in Hanoi	80	83.5	-500	-500
DOJI Group	80	83.5	-500	-500
Mi Hong	80.2	83.2	-1,100	-800
PNJ	80	83.5	-500	-500
Vietinbank Gold		83.5		-500
Bao Tin Minh Chau	80	83.5	-700	-500
Bao Tin Manh Hai	80	83.5	-500	-500

1. DOJI - Updated: November 15, 2024 05:00 - Source website time - ▼/▲ Compared to yesterday.
Type	Buy	Sell ​​out
AVPL/SJC HN	80,000 ▼500K	83,500 ▼500K
AVPL/SJC HCM	80,000 ▼500K	83,500 ▼500K
AVPL/SJC DN	80,000 ▼500K	83,500 ▼500K
Raw material 9999 - HN	79,800 ▼1300K	81,300 ▼1100K
Raw materials 999 - HN	79,700 ▼1300K	81,200 ▼1100K
AVPL/SJC Can Tho	80,000 ▼500K	83,500 ▼500K

2. PNJ - Updated: November 15, 2024 05:00 - Website supply time - ▼/▲ Compared to yesterday.
Type	Buy	Sell ​​out
HCMC - PNJ	80,000 ▼800K	81,900 ▼500K
HCMC - SJC	80,000 ▼500K	83,500 ▼500K
Hanoi - PNJ	80,000 ▼800K	81,900 ▼500K
Hanoi - SJC	80,000 ▼500K	83,500 ▼500K
Da Nang - PNJ	80,000 ▼800K	81,900 ▼500K
Da Nang - SJC	80,000 ▼500K	83,500 ▼500K
Western Region - PNJ	80,000 ▼800K	81,900 ▼500K
Western Region - SJC	80,000 ▼500K	83,500 ▼500K
Jewelry gold price - PNJ	80,000 ▼800K	81,900 ▼500K
Jewelry gold price - SJC	80,000 ▼500K	83,500 ▼500K
Jewelry gold price - Southeast	PNJ	80,000 ▼800K
Jewelry gold price - SJC	80,000 ▼500K	83,500 ▼500K
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	80,000 ▼800K
Jewelry gold price - Jewelry gold 999.9	79,900 ▼800K	80,700 ▼800K
Jewelry gold price - 999 jewelry gold	79,820 ▼800K	80.620 ▼800K
Jewelry gold price - 99 jewelry gold	78,990 ▼800K	79,990 ▼800K
Jewelry gold price - 916 gold (22K)	73,520 ▼730K	74,020 ▼730K
Jewelry gold price - 750 gold (18K)	59,280 ▼600K	60,680 ▼600K
Jewelry gold price - 680 gold (16.3K)	53,630 ▼540K	55,030 ▼540K
Jewelry gold price - 650 gold (15.6K)	51,210 ▼520K	52,610 ▼520K
Jewelry gold price - 610 gold (14.6K)	47,980 ▼490K	49,380 ▼490K
Jewelry gold price - 585 gold (14K)	45,960 ▼470K	47,360 ▼470K
Jewelry gold price - 416 gold (10K)	32,320 ▼330K	33,720 ▼330K
Jewelry gold price - 375 gold (9K)	29,010 ▼300K	30,410 ▼300K
Jewelry gold price - 333 gold (8K)	25,380 ▼270K	26,780 ▼270K

3. SJC - Updated: 11/15/2024 04:30 - Website time of supply - ▼/▲ Compared to yesterday.
Type	Buy	Sell ​​out
SJC 1L, 10L, 1KG	80,000 ▼500K	83,500 ▼500K
SJC 5c	80,000 ▼500K	83,520 ▼500K
SJC 2c, 1C, 5 phan	80,000 ▼500K	83,530 ▼500K
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi	79,000 ▼700K	81,700 ▼500K
SJC 99.99 gold ring 0.3 chi, 0.5 chi	79,000 ▼700K	81,800 ▼500K
99.99% Jewelry	78,900 ▼700K	81,300 ▼500K
99% Jewelry	77,495 ▼495K	80,495 ▼495K
Jewelry 68%	52,439 ▼340K	55,439 ▼340K
Jewelry 41.7%	31,055 ▼209K	34,055 ▼209K

World gold price today November 15, 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 2,557.44 USD/Ounce. Today's gold price decreased by 54.7 USD/Ounce compared to yesterday. Converted according to the USD exchange rate, on the free market (25,720 VND/USD), the world gold price is about 80.18 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.32 million VND/tael higher than the international gold price.

Yesterday, the world gold price increased sharply, surpassing the threshold of 2,600 USD/ounce. However, it immediately fell back due to profit-taking pressure, when the US announced the October consumer price index (CPI) showing a slight increase in inflation compared to the previous month.

Specifically, the US CPI in October increased 2.6% compared to the same period last year, higher than the 2.4% of the previous month and in line with forecasts. When excluding food and energy prices, the CPI increased 3.3% - unchanged from the previous month and in line with forecasts.

Experts say the rising trend in CPI reflects the impact of the US Federal Reserve's two recent interest rate cuts. This also shows that inflation is still far from the Fed's 2% target, making the possibility of a rate cut low.

The NFIB Research Foundation report showed that the US business optimism index increased from 91.5 points (September) to 93.7 points (October). At the same time, the IBD/TIPP economic confidence index in November also increased to 53.2 points, much higher than the previous forecast of 47.3 points.

With CPI and producer price index (PPI) rising, the Fed may have to maintain or even raise interest rates to control inflation. This puts pressure on gold prices, as the strong US dollar increases the cost of trading and storing gold.

This week, the market is awaiting further data on the producer price index (PPI), weekly jobless claims, and retail sales in the US, which is expected to keep gold prices volatile.

The dollar index hit a one-year high, boosting the cost of gold for buyers outside the US, while bond yields hit their highest since July.

"Gold is currently heavily influenced by the US dollar and yields, causing a short-term pullback," said Capital.com analyst Kyle Rodda. While inflation data suggests the Fed could cut rates slightly next month, expectations of higher inflation next year could prompt the Fed to reduce the frequency of rate cuts.

According to analyst Axel Rudolph at IG in London, the large-scale buying by central banks is a positive sign. In the first half of 2022, gold purchases by these banks reached a historic high of nearly 400 tonnes - the fastest pace of purchases in the past 55 years. By July 2024, global gold purchases reached the highest level in nearly 14 years.

Rudolph said this was a major change, as central banks moved from selling gold to buying heavily in recent years, with countries such as Russia, China, India, Poland and Hungary in particular increasing their gold reserves significantly.

Fed officials have been cautious about future rate cuts, highlighting potential risks to inflation. St. Louis Fed President Alberto Musalem expects inflation to decline gradually, while Dallas Fed President Logan warned that too much easing could cause inflation to rise again.

Investors are also awaiting data on the producer price index (PPI) and jobless claims, along with remarks from Fed Chairman Jerome Powell later in the day.

Domestically, the price of SJC gold bars is listed at 83.5 million VND/tael (selling) and 80 million VND/tael (buying). The price of 9999 gold rings at SJC Company is sold at 81.8 million VND/tael.

Over the past week, SJC gold bars have decreased by 6.5 million VND/tael in selling price, while 9999 gold rings have decreased more sharply, up to 7.1 million VND/tael.

This sharp drop has left many gold buyers ahead of the US presidential election with huge losses, especially as the drop was even sharper on the buying side.

SJC gold bars are now only 80 million VND/tael, and 9999 gold rings are 79 million VND/tael.

Thus, if someone bought gold bars at the peak a week ago and sold them now, they would have lost 10 million VND/tael, and if they bought 9999 gold rings, they would have lost the same 10 million VND/tael.

SJC currently maintains a fairly large difference between buying and selling gold prices: 3.5 million VND/tael for SJC gold bars and 2.5 million VND/tael for gold rings. Some other gold companies also maintain a difference of nearly 3 million VND/tael, indicating high risk in the context of strong fluctuations in gold prices.

Source: https://baodaknong.vn/gia-vang-hom-nay-15-11-2024-gia-vang-nhan-9999-va-vang-sjc-giam-gan-1-trieu-dong-234262.html