Domestic gold price today November 14, 2023
Early morning of November 14 , SJC gold price 9999 today increased by 200,000 VND/tael in both buying and selling compared to yesterday's closing price.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:27 a.m. and the price of 9999 gold was listed by DOJI Jewelry Group at 8:41 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 69,700,000 VND/tael | 70,520,000 VND/tael |
| SJC HCMC | 69,700,000 VND/tael | 70,500,000 VND/tael |
| SJC Danang | 69,700,000 VND/tael | 70,520,000 VND/tael |
| DOJI Hanoi | 69,650,000 VND/tael | 70,500,000 VND/tael |
| DOJI HCMC | 69,600,000 VND/tael | 70,400,000 VND/tael |
SJC and DOJI gold price list updated early morning November 14
At the end of the session on November 13, the price of 9999 gold bars at SJC Ho Chi Minh City was 69.5 million VND/tael (buy) and 70.3 million VND/tael (sell). SJC Hanoi listed at 69.5 million VND/tael (buy) and 70.32 million VND/tael (sell).
DOJI Hanoi listed at 69.4 million VND/tael (buy) and 70.3 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 69.3 million VND/tael and sold at 70.3 million VND/tael.
The central exchange rate on November 14, 2023 announced by the State Bank is 24,020 VND/USD, an increase of 5 VND compared to yesterday. The USD price at commercial banks this morning (November 14) was traded around 24,170 VND/USD (buy) and 24,540 VND/USD (sell).
International gold price today November 14, 2023
At 9:13 a.m. today (November 14, Vietnam time), the world spot gold price stood at around 1,944.6 USD/ounce, up 9.6 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,949.2 USD/ounce.
Gold price on Kitco floor (at 9:00 p.m., Vietnam time) traded at 1,935 USD/ounce. Gold futures price for December 2023 delivery on Comex New floor traded at 1,939 USD/ounce.
At the current price, the world gold price converted to VND (including tax and processing fee) the difference between the domestic SJC gold price is about 12.28 million VND/tael.
Gold prices remained below $1,950 an ounce as investors awaited U.S. inflation data. The focus this week will be on U.S. consumer price index (CPI) data, due on November 14.
CPI is expected to have risen 0.1% in October from the previous month. September CPI rose 0.4% due to an unexpected rise in rent costs, but also showed that underlying inflationary pressures had eased.
The data could influence the Federal Reserve’s interest rate outlook, with Chairman Jerome Powell’s hawkish comments pushing gold prices to their lowest in more than three weeks.
Gold Price Forecast
Ole Hansen, head of commodity strategy at Saxo, said that gold prices could rise this week. In his opinion, the Fed has completed its rate hike and will cut in the second half of the year. Along with demand from central banks, gold prices are expected to rise again.
Ryan McIntyre, managing partner at Sprott Inc, said the potential for credit risk due to concerns about sovereign debt could help push gold prices above $2,000 an ounce.
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