SJC gold increased by 100 thousand VND/tael in selling price

Domestic gold price today October 21, 2023

Early morning of October 21 , SJC's 9999 gold price today remained the same at buying price but increased by 100 thousand VND/tael at selling price compared to yesterday's closing price.

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:27 am as follows:

	Buy	Sell
SJC Hanoi	70,250,000 VND/tael	71,070,000 VND/tael
SJC HCMC	70,250,000 VND/tael	71,050,000 VND/tael
SJC Danang	70,250,000 VND/tael	71,070,000 VND/tael

SJC gold price list updated early morning October 21

At the end of the session on October 20, the price of 9999 gold bars at SJC Ho Chi Minh City was 70.25 million VND/tael (buy) and 70.95 million VND/tael (sell). SJC Hanoi listed at 70.25 million VND/tael (buy) and 70.97 million VND/tael (sell).

Doji Hanoi listed at 70.3 million VND/tael (buy) and 71.1 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 70.1 million VND/tael and sold at 71 million VND/tael.

The central exchange rate on October 20, 2023 announced by the State Bank is 24,110 VND/USD. The USD price at commercial banks this morning (October 21) was traded around 24,330 VND/USD (buy) and 24,700 VND/USD (sell).

International gold price today October 21, 2023

At 10:09 a.m. today (October 21, Vietnam time), the world spot gold price stood at around 1,981.2 USD/ounce, down 6.8 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,994.4 USD/ounce.

Fluctuations in international gold prices in the past 24 hours (Photo: Kitco)

Gold prices on the world market increased today. The spot gold price on Kitco (at 9:00 p.m., Vietnam time) was at $1,988/ounce.

At the current price, the world gold price converted to VND (including tax and processing fee) differs from the domestic SJC gold price by about 11.72 million VND/tael.

World gold prices are high.

Gold prices surged due to safe-haven demand. As tensions in the Middle East escalated, investors turned to gold. Gold prices hit a 2.5-month high of $2,000 an ounce in December.

Higher bond yields have dampened the stock market rally this week. Stock indexes were weaker as demand for gold eased. The yield on the benchmark 10-year U.S. Treasury note stood at 4.948 percent.

In a speech, Federal Reserve Chairman Jerome Powell said that inflation in the US is still too high and economic growth is slowing to reduce inflation. The Fed Chairman's comments have raised hopes that the central bank may pause its interest rate hikes.

Gold Price Forecast

Edward Moya, senior market analyst at Oanda, said there are too many risks to the economic outlook, which is supporting gold prices.

Daniel Ghali, strategist at TD Securities, said gold would benefit from a weakening economy. The Fed’s rate cut could push gold prices to $2,100 an ounce.

Source: https://vietnamnet.vn/gia-vang-hom-nay-21-10-2023-vang-sjc-tang-100-nghin-dong-luong-chieu-ban-2204802.html