Domestic gold price today 13.9
Early morning September 13.9, the price of gold 9999 of SJC today was unchanged compared to yesterday's end.
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 8:47 and gold price 9999 is listed by Doji Jewelry Group at 8:44 as follows:
| Buy into | Sold out | |
| SJC Hanoi | 68.050.000 VND/tael | 68.770.000 VND/tael |
| SJC HCMC | 68.050.000 VND/tael | 68.750.000 VND/tael |
| SJC Da Nang | 68.050.000 VND/tael | 68.770.000 VND/tael |
| Doji Hanoi | 68.000.000 VND/tael | 68.800.000 VND/tael |
| Doji Ho Chi Minh City | 68.050.000 VND/tael | 68.750.000 VND/tael |
SJC and DOJI gold price list updated in the early morning of September 13.9
At the end of the trading session on September 12.9, the domestic 9999 gold price was listed by SJC and Doji Jewelry Group in the order of buying and selling as follows:
SJC Hanoi: 68.050.000 VND/tael – 68.770.000 VND/tael
Hanoi Doji: 68.050.000 VND/tael – 68.850.000 VND/tael
SJC HCMC: 68.050.000 VND/tael – 68.750.000 VND/tael
Doji Ho Chi Minh City: 68.100.000 VND/tael – 68.800.000 VND/tael
Central exchange rate on September 13.9 announced by the State Bank as 23.995 VND/USD, an increase of 14 VND compared to yesterday. The USD price at commercial banks this morning (September 13.9) was trading around 23.900 VND/USD (buying) and 24.270 VND/USD (selling).
International gold price today 13.9
At 9:08 am today (September 13.9, Vietnam time), the world spot gold price stood around the threshold of 1.910,8 USD/ounce, down 1,2 USD/ounce compared to last night. Gold futures for December delivery on the Comex New York exchange were at $12 per ounce.
On the night of September 12.9 (Vietnam time), the world spot gold price stood around 1.912 USD/ounce. Gold delivered in December on the Comex New York floor was at 12 USD/ounce.
World gold price on the night of September 12.9 is about 4,8% higher (88 USD/ounce) compared to the beginning of 2023. World gold price converted to USD bank price is 56,4 million VND/tael, including tax and fee, about 12 million VND/tael lower than the domestic gold price as of late afternoon on September 12.9.
Gold fell sharply mainly because the USD continued to strengthen across Asia.
The Chinese Yuan (NDT) is around its 16-year low. On the afternoon of September 12.9, the exchange rate of 1 USD was 7,29 yuan. On September 8.9, the yuan dropped to 7,35 yuan for 1 USD. Some reports say that the yuan could go down to 7,5 or even 7,7 yuan for 1 USD.
The Japanese Yen is also at a very low level, gradually approaching the threshold of 147 JPY for 1 USD. Since the beginning of the year until now, the Japanese Yen has dropped nearly 11,9%.
In the world, the USD continues to anchor high with the DXY index (measuring the fluctuation of the greenback compared to 6 major currencies in the world) standing at 104,8 points.
The USD in Vietnam has increased sharply in the past few days in the context of exchange rate pressure continuing to increase in the Asian region while the US Federal Reserve (Fed) continues to maintain tight monetary policy and It is possible to increase interest rates one more time (the 1th time) from now until the end of the year, at the next September or November meeting.
Gold is forecast to fall in the short term, but it may not fall quickly. The high US consumer price index (CPI) may put pressure on gold prices in the near future.
Currently, the market predicts a 93% chance that the Fed will keep interest rates stable at its policy meeting on September 19-20, but may increase interest rates in November 9.
Gold price forecast
In the long term, gold is forecast to increase, even increase sharply. On Kitco, Michael Lee, founder of Michael Lee Strategy, said that gold prices could skyrocket and reach $5.000/ounce within the next 3 years.
According to Kitco expert Michelle Makori, the majority of Americans have fallen into recession. This is reflected in the severe recession in the labor market. Gold will benefit when interest rates fall and the US economy is in crisis. Investors are looking for a safe haven: gold.
Currently, gold is supported quite strongly at the 200-day moving average price, at about 1.920 USD/ounce.
