Gold price October 3: SJC gold bars slightly decreased following world prices

(Photo: THANH DAT)

In the domestic market, this morning, the price of gold brands adjusted down slightly following the world price. Currently, the price of domestic gold bars is about 15 million VND/tael higher than the world price (excluding taxes and fees).

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 9:00 am October 3.

Specifically, at 9:00 a.m. on October 3, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 135.8-137.8 million VND/tael, down 200,000 VND compared to the previous closing price. The difference between buying and selling is 2 million VND/tael.

The price of SJC 9999 gold ring is 131.5 million VND/tael for buying and 134.2 million VND/tael for selling, unchanged from the previous session. The difference between buying and selling is 2.7 million VND/tael.

DOJI gold bar price in Hanoi and Ho Chi Minh City is trading at 136 million VND/tael for buying and 138 million VND/tael for selling, an increase of 1.2 million VND compared to yesterday's closing price.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 132-135 million VND/tael. The buying and selling difference is up to 3 million VND/tael.

PNJ Gold is currently buying at 132 million VND/tael and selling at 135 million VND/tael, unchanged from the previous session's close.

As of 9:00 a.m. on October 3 (Vietnam time), the world gold price slightly decreased by 8.4 USD compared to the previous session's close to 3,856.4 USD/ounce.

World gold prices are seeing strong selling pressure as the precious metal has been rising steadily in recent days. However, some market analysts believe that even with a correction, gold still has a lot of upside momentum in the fourth quarter of this year.

World gold price chart on October 3. (Photo: kitco.com)

In a four-quarter forecast, market analyst at City Index and FOREX.com Fawad Razaqzada said gold prices could reach $4,000 an ounce by the end of the year.

The precious metal has risen more than 40% year-to-date and is on track for its best annual performance since 1979. However, he added that gold is overbought.

Although the market is starting to see some downside risks, Mr. Razaqzada said: “The uptrend remains well supported by solid fundamentals. A weaker dollar, strong central bank buying and dovish monetary policy have created a very good environment for gold to thrive.”

Currently, the USD-Index increased slightly to 97.92 points; the yield on 10-year US Treasury bonds inched up to 4.094%; US stocks increased despite political instability; world oil prices increased slightly, trading at 64.36 USD/barrel for Brent oil and 60.71 USD/barrel for WTI oil.

Nhandan.vn

Source: https://nhandan.vn/gia-vang-ngay-310-vang-mieng-sjc-giam-nhe-theo-gia-the-gioi-post912608.html