Domestic gold price today September 23
Early morning of September 23 , SJC gold price 9999 today increased by 100 thousand 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 8:34 am as follows:
| Buy | Sell | |
| SJC Hanoi | 68,450,000 VND/tael | 69,170,000 VND/tael |
| SJC HCMC | 68,450,000 VND/tael | 69,150,000 VND/tael |
| SJC Danang | 68,450,000 VND/tael | 69,170,000 VND/tael |
SJC gold price list updated early morning September 23
At the end of the trading session on September 22, the price of 9999 gold bars at SJC Ho Chi Minh City was 68.35 million VND/tael (buy) and 69.05 million VND/tael (sell). SJC Hanoi listed at 68.35 million VND/tael (buy) and 69.07 million VND/tael (sell).
Doji Hanoi listed at 68.25 million VND/tael (buy) and 69.15 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 68.3 million VND/tael and sold at 69.1 million VND/tael.
The central exchange rate on September 22 announced by the State Bank is 24,060 VND/USD. The USD price at commercial banks this morning (September 23) was traded around 24,160 VND/USD (buy) and 24,530 VND/USD (sell).
International gold price today September 23
At 10:09 a.m. today (September 23, Vietnam time), the world spot gold price stood at around 1,924.8 USD/ounce, down 0.2 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,945.6 USD/ounce.
On the morning of September 23 , world gold converted to USD bank price was 56.92 million VND/tael (excluding tax and fees), about 12.25 million VND/tael lower than domestic gold price.
On the world market, the spot gold price on Kitco (at 20:30, Vietnam time) was trading at 1,925 USD/ounce.
Gold prices rose slightly after strong selling pressure this week. The gold market is still negatively affected by the monetary policy of the US Federal Reserve (Fed). This week, the Fed decided to keep interest rates at 5.25 - 5.5%.
At a press conference after the meeting, Fed Chairman Jerome Powell said that a soft landing could be influenced by factors beyond the Fed's control.
Officials expect fewer rate cuts through 2024 than previously estimated. Investors fear rates could stay higher for longer.
The DXY index (which measures the greenback's performance against six major world currencies) traded at 105.5 points.
Gold Price Forecast
The Fed's continued rate hikes are not good for gold prices. Higher interest rates will reduce the attractiveness of gold, increasing the opportunity cost of holding non-yielding assets.
Despite the lack of momentum, gold is likely to hold steady above the $1,900/ounce support level, said George Milling Stanley, chief strategist at State Street Global Advisors. The investment potential for gold remains good.
Axel Merk, President of Merk Investments, said that the possibility of an interest rate cut early next year cannot be ruled out. Gold prices will react to the Fed's comments with a new rally.
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