Will gold prices hit an all-time high?

Domestic gold price

At the end of the trading session on September 29, SJC gold bars were listed by Saigon Jewelry Company Limited at VND81.5 - 83.5 million/tael (buy - sell), unchanged from the previous session.

Doji Group also listed the price of SJC gold bars at 81.5 - 83.5 million VND/tael (buy - sell), unchanged from the previous session.

Gold rings at Doji Gold and Gemstone Group are listed at 82.5 - 83.35 million VND/tael (buy - sell).

Saigon Jewelry Company also adjusted the price of gold rings to 81.5 - 83.10 million VND/tael.

The price of gold rings at PNJ is 82.5 - 83.3 million VND/tael. Bao Tin Minh Chau listed gold rings at 82.54 - 83.44 million VND/tael.

World gold price

At 10:00 p.m. on September 29, Vietnam time, the world gold price on Kitco floor reached 2,657.90 - 2,658.90 USD/ounce, down 15.6 USD/ounce compared to the previous trading session.

After the US Federal Reserve (Fed) started its easing cycle with a sharp cut - 50 basis points - larger than expected, precious metals investors seized the opportunity, setting new record highs for gold in 6 consecutive trading sessions.

However, despite the weekend decline, gold still recorded a strong gain last week of $33.70, equivalent to 1.27%.