Domestic gold price today April 24, 2024
Early afternoon April 24SJC’s 9999 gold price increased by 200 thousand VND/tael in both buying and selling, to 84.5 million VND/tael (sold).
The 9999 gold price was updated by Saigon Jewelry Company Limited (SJC) at 2:02 p.m. and the 9999 gold price was listed by DOJI Jewelry Group at 11:16 a.m. as follows:
| Buy into | Sold out | |
| SJC Ho Chi Minh City | 82,500,000 VND/tael | 84,500,000 VND/tael |
| DOJI Hanoi | 82,000,000 VND/tael | 84,000,000 VND/tael |
| DOJI Ho Chi Minh City | 82,000,000 VND/tael | 84,000,000 VND/tael |
SJC and DOJI gold price list updated early afternoon April 24
April 24, noon SJC’s 9999 gold price increased by 300 thousand VND/tael in both buying and selling directions, to 84.3 million VND/tael (sold).
The 9999 gold price was updated by Saigon Jewelry Company Limited (SJC) at 10:45 a.m. and the 9999 gold price was listed by DOJI Jewelry Group at 11:16 a.m. as follows:
| Buy into | Sold out | |
| SJC Ho Chi Minh City | 82,300,000 VND/tael | 84,300,000 VND/tael |
| DOJI Hanoi | 82,000,000 VND/tael | 84,000,000 VND/tael |
| DOJI Ho Chi Minh City | 82,000,000 VND/tael | 84,000,000 VND/tael |
SJC and DOJI gold price list updated at noon April 24
Until 10:04 a.m. on April 24SJC’s 9999 gold price increased by 200 thousand VND/tael in both buying and selling directions, reaching 84 million VND/tael (selling).
The 9999 gold price was updated by Saigon Jewelry Company Limited (SJC) at 10:04 a.m. and the 9999 gold price was listed by DOJI Jewelry Group at 10:14 a.m. as follows:
| Buy into | Sold out | |
| SJC Ho Chi Minh City | 82,000,000 VND/tael | 84,000,000 VND/tael |
| DOJI Hanoi | 81,800,000 VND/tael | 83,800,000 VND/tael |
| DOJI Ho Chi Minh City | 81,800,000 VND/tael | 83,800,000 VND/tael |
SJC and DOJI gold price list updated on the morning of April 24
Early morning April 24SJC’s 9999 gold price increased by 800,000 VND/tael on the buying side and 500,000 VND/tael on the selling side compared to yesterday’s session, to 83.8 million VND/tael (sold).
Gold price 9999 updated by Saigon Jewelry Company Limited (SJC) at 8:22 a.m. and the gold price of 9999 was listed by DOJI Jewelry Group at 8:41 a.m. as follows:
| Buy into | Sold out | |
| SJC Ho Chi Minh City | 81,800,000 VND/tael | 83,800,000 VND/tael |
| DOJI Hanoi | 81,500,000 VND/tael | 83,500,000 VND/tael |
| DOJI Ho Chi Minh City | 81,500,000 VND/tael | 83,500,000 VND/tael |
SJC and DOJI gold price list updated in the early morning of April 24
At the end of the April 23 trading session, the domestic 9999 gold price was listed by SJC and Doji Jewelry Group in the order of buying and selling as follows:
SJC Hanoi: 81,000,000 VND/tael – 83,320,000 VND/tael
Doji Hanoi: 80,000,000 VND/tael – 82,500,000 VND/tael
SJC Ho Chi Minh City: 81,000,000 VND/tael – 83,300,000 VND/tael
Doji Ho Chi Minh City: 80,000,000 VND/tael – 82,500,000 VND/tael
Central exchange rate on April 24, 2024 announced by the State Bank at 24,274 VND/USD, down 1 VND compared to the previous trading session. The USD price at commercial banks this morning (April 24) was listed at 25,147 VND/USD (buy) and 25,487 VND/USD (sell).
International gold price today April 24, 2024
At 8:15 a.m. today (April 24, Vietnam time), World gold spot price stands around 2,319.9 USD/ounce, up 9.9 USD/ounce compared to last night. Gold futures price for June 2024 on the Comex New York floor is at 2,332 USD/ounce.
At 8:10 p.m. April 23 (Vietnam time), today’s spot gold price on the world market was at 2,310 USD/ounce. Gold delivered in June 2024 on the Comex New York floor is at 2,324 USD/ounce.
The world gold price on the night of April 23 was about 12% higher (247 USD/ounce) compared to the end of 2023. World gold price converted by bank USD price was 71.6 million VND/tael (including taxes and fee), about 11.7 million VND/tael lower than the domestic gold price as of late afternoon on April 23.
Gold prices fell in the context of tensions in the Middle East showing signs of cooling down and investors taking profits and reducing leverage for precious metal trading activities.
According to experts on Kitco, many countries’ central banks and long-term investors still hold gold and have no intention of selling it soon.
The strong price drop in the first session of the week also caused many gold investors to “margin call”. Brokers ask customers to deposit money or increase the amount of mortgaged securities or will sell gold in the customer’s account.
Many gold speculators were forced to liquidate contracts and sell gold against previous bullish betting contracts. This activity caused gold prices to fall further and continue to go down during the April 23 session.
Profit-taking activities also increased gold’s decline. This is also common in the commodity futures market when a commodity loses its upward trend (in the short or long term).
Gold price forecast
With this gold price drop, according to technical analysis, it is just an adjustment after gold has increased about 22% in the past 2 months. This correction is within a long-term uptrend of gold.
However, if gold continues to fall further this week, it is likely that gold will create short-term peaks. Currently, the gold price has not penetrated the threshold of 2,300 USD/ounce, so gold will likely increase again soon thanks to bottom-catching demand for a long-term uptrend.
In recent forecasts, some experts on Kitco said that this downward adjustment could last until the end of the summer, then turn around to increase sharply and reach 2,500 USD/ounce by the end of 2024, which is also about when the US can cut interest rates.
