Domestic gold price today April 27, 2024
Closing the session on April 26, the price of 9999 gold bars at SJC was 83 million VND/tael (buying) and 85.2 million VND/tael (selling). SJC lists gold ring prices at 73.8-75.5 million VND/tael (buy – sell).
Doji Hanoi was listed at 82.6 million VND/tael (buy) and 84.8 million VND/tael (sell). Ho Chi Minh City Doji bought SJC gold at 82.6 million VND/tael, sold it at 84.8 million VND/tael.
Doji listed the gold ring price at 75.05-76.7 million VND/tael (buy – sell).
Bao Tin Minh Chau listed gold ring prices at 74.68-76.28 million VND/tael (buy – sell).
Central exchange rate on April 26, 2024 announced by the State Bank at 24,246 VND/USD, down 18 VND compared to the previous trading session. The USD price at commercial banks this morning (April 27) was listed at 25,088 VND/USD (buy) and 25,458 VND/USD (sell).
International gold price today April 27, 2024
At 6:58 a.m. today (April 27, Vietnam time), World gold spot price stands around 2,337.4 USD/ounce, down 3.6 USD/ounce compared to last night. Gold futures price in June 2024 on the Comex New York floor is at 2,347.2 USD/ounce.
Gold price on Kitco (at 8:00 p.m. on April 26, Vietnam time) was at 2,341 USD/ounce, up 0.43% compared to the beginning of the session. June gold futures price closed at 2,354 USD/ounce.
World gold prices increased at the beginning of the US trading session. The gold market has little reaction to inflation reports in the US. Inflation reports continue to favor US monetary policy hawks, who want the US Federal Reserve (Fed) to delay interest rate cuts.
Another notable news, in China, people rushed to buy gold in the context of falling stocks. Gold consumption in China in the first quarter increased nearly 6% from the previous year. China’s raw gold imports increased by 78% in the same period.
The US Dollar Index (DXY) measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased 0.13%, at 105.73 points.
Nymex crude oil prices increased and traded around 84.5 USD/barrel.
The yield on the benchmark 10-year US Treasury note is at 4.677%. US Treasury bond yields this week reached their highest level in 5 months.
Gold price forecast
Daniel Ghali, an expert at TD Securities, said there is little risk of retaliatory attacks in the Middle East. This caused many investors to sell gold.
Experts say that the gold market still has many prospects. After a series of strong increases in gold prices, banks have raised their gold price forecasts in the near future.
Citigroup Bank predicts that gold prices will increase to $3,000 within the next 6 to 18 months.
UBS Bank raised its year-end gold price target to 2,500 USD/ounce.
Tags: Gold price today April increased SJC exceeded million VNDtael
