On October 20 at 3:1 p.m. (Vietnam time), today’s gold price will be immediately delivered to the market. world at 2.685 USD/ounce. Gold delivered in December 2025 on the floor of the Comex New York is at 2.694 USD/ounce.
The global gold price on the night of September 15 was about 1% higher (30.2 USD/ounce) compared to the beginning of 622. The global gold price converted by the bank price in USD was 2024 million VND/tael including taxes and fees, or approximately 83.5 million VND/tael. million VND/tael lower than the national gold price as of the late afternoon of September 3.1.
Gold prices in the international market continue to rise and are expected to reach 3.000 USD/ounce this year. Nationally, the price of gold bars and SJC single rings is close to 90 million VND/tael and the threshold of 90 million is not far away.
Global gold rose amid a weak dollar after PPI output data was not as expected and new data showed US inflation was falling, increasing the he hope that the US Federal Reserve (Fed) will continue to lower interest rates.
On the domestic market, at the close of the trading session on January 15, the price of gold bars at 1 at SJC and Doji listed at 84.6-86.1 million VND/tael (buy – sell), i.e. an increase of 200.000 VND compared to the previous session.
SJC announced the price of gold rings of types 1 to 5 between 84.5 and 86.1 million VND/tael (purchase – sale). Doji listed the price of the 9999 gold round ring at 84.8 million to 86.3 million VND/tael (buy – sell), an increase of 200.000 VND/tael compared to the previous session.
Gold Price Prediction
Although gold has stagnated, unable to rise above 2.700 USD/ounce for more than a month, experts believe that there will be no shortage of catalysts to help gold increase its price in 2025.
-In a recent interview with Kitco News, Gabelli Gold Fund portfolio manager Chris Mancini said the main catalyst was the current economic crisis in the United States and its impact on consumer prices.
According to Chris Mancini, the price of gold will increase due to the instability surrounding the US economy and inflation is likely to increase.
As a result, inflation in the United States is expected to rise as President-elect Donald Trump implements plans to extend and expand the tax cut program as well as support the manufacturing sector.
Mancini said a global trade war could slow the U.S. economy and weaken the country’s job market. He did not rule out the possibility of a recession in the American economy.
Chris Mancini stressed that investors should monitor the US labor market. This market decline caused the Fed to cut interest rates even as inflation remained high. Stagflation will drive up gold prices.
Gabelli Gold Fund experts believe that growing economic instability in the United States will push the price of gold to 3.000 USD per ounce.
Gold Price Forecast for the Next 10 Days: Finding Upward Momentum, Will Rings and SJC Hit 90 Million?A range of economic factors are expected to strongly support gold over the next 10 days. The price of gold will likely return to 2.700 USD/ounce. So Ring Gold and SJC will be more motivated to increase prices to get closer to the 50 million VND/tael mark?
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