Gold prices in the free market have dropped sharply at the end of today - Photo: QUANG DINH
Thus, compared to the peak of 2,685.6 USD/ounce, the world gold price has decreased by 27.7 USD/ounce, equivalent to a decrease of 830,000 VND/tael.
World gold price reverses, gold holders race to take profits
At the current price, converted according to the listed exchange rate at the bank, the world gold price is only equivalent to 79.34 million VND/tael.
A new development is that the price of gold in the free market suddenly fell sharply at the end of today.
According to records, from the selling price of 87.3 million VND/tael, the price of SJC gold bars has dropped to 86.3 million VND/tael, down 1 million VND/tael compared to before.
Meanwhile, the price of 9999 gold rings in the free market plummeted more sharply, from 84.5 million VND/tael to 82.5 million VND/tael.
The sharp drop in gold prices has caused an increase in people taking profits. The amount of gold sold in the free market is quite abundant, unlike last week when the gold price went up, most people only bought in.
Today, SJC Company listed the selling price of 9999 gold rings at 83 million VND/tael, buying at 81.5 million VND/tael.
At Bao Tin Minh Chau Company, the selling price of gold is 83.44 million VND/tael, the buying price is 82.54 million VND/tael.
At DOJI , the selling price of 9999 gold rings is 83.45 million VND/tael, buying price is 82.75 million VND/tael.
The selling price of SJC gold bars remains at 83.5 million VND/tael, and the buying price is 81.5 million VND/tael.
Will gold prices increase or decrease next week?
Speaking with Tuoi Tre Online , expert Tran Duy Phuong said that many forecasts are that world gold prices will continue to decrease next week due to profit-taking selling pressure because recently world gold prices have increased too much.
In addition, the forecast of US economic data released next week will be positive, so the betting rate on the US Federal Reserve (Fed) continuing to cut interest rates by 0.5% at the November meeting will decrease.
Many experts believe that the Fed will likely only reduce interest rates by 0.25%, which will also cause world gold prices to adjust next week.
Source: https://tuoitre.vn/gia-vang-sap-manh-20240928201709207.htm
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