Gold price today August 16: World gold increased by more than 10 USD
Gold price today August 16, 2024: 9999 gold ring price dropped sharply by 150 thousand VND per tael. Meanwhile, world gold price increased by more than 10 USD/Ounce to reach 2,455.8 USD/ounce
Gold price today August 16, 2024
At the time of survey at 5:00 a.m. on August 16, 2024, the gold price on the trading floors of some companies was as follows:
The price of 9999 gold today is listed by DOJI at 76.55 million VND/tael for buying and 77.75 million VND/tael for selling. A decrease of 150 thousand VND/tael for both buying and selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 79-80 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78-80 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 78-80 million VND/tael (buy in - sell out).
The latest gold price list today, August 16, 2024 is as follows:
| Gold price today | August 16, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 78 | 80 | - | - |
| DOJI Group | 78 | 80 | - | - |
| Mi Hong | 79 | 80 | - | - |
| PNJ | 78 | 80 | - | - |
| Vietinbank Gold | - | 80 | - | - |
| Bao Tin Minh Chau | 78 | 80 | - | - |
| Bao Tin Manh Hai | 78 | 80 | - | - |
| 1.DOJI- Updated: 08/16/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 78,000 | 80,000 |
| AVPL/SJC HCM | 78,000 | 80,000 |
| AVPL/SJC DN | 78,000 | 80,000 |
| Raw material 9999 - HN | 75,900▼150K | 76,700▼150K |
| Raw materials 999 - HN | 75,800▼150K | 76,600▼150K |
| AVPL/SJC Can Tho | 78,000 | 80,000 |
| 2.PNJ- Updated: 08/16/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 76,500▼100K | 77,790▼110K |
| HCMC - SJC | 78,000 | 80,000 |
| Hanoi - PNJ | 76,500▼100K | 77,790▼110K |
| Hanoi - SJC | 78,000 | 80,000 |
| Da Nang - PNJ | 76,500▼100K | 77,790▼110K |
| Da Nang - SJC | 78,000 | 80,000 |
| Western Region - PNJ | 76,500▼100K | 77,790▼110K |
| Western Region - SJC | 78,000 | 80,000 |
| Jewelry gold price - PNJ | 76,500▼100K | 77,790▼110K |
| Jewelry gold price - SJC | 78,000 | 80,000 |
| Jewelry gold price - Southeast | PNJ | 76,500▼100K |
| Jewelry gold price - SJC | 78,000 | 80,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 76,500▼100K |
| Jewelry gold price - Jewelry gold 999.9 | 76,400▼100K | 77,200▼100K |
| Jewelry gold price - 999 jewelry gold | 76,320▼100K | 77,120▼100K |
| Jewelry gold price - 99 jewelry gold | 75,530▼100K | 76,530▼100K |
| Jewelry gold price - 916 gold (22K) | 70,320▼90K | 70,820▼90K |
| Jewelry gold price - 750 gold (18K) | 56,650▼80K | 58,050▼80K |
| Jewelry gold price - 680 gold (16.3K) | 51,250▼60K | 52,650▼60K |
| Jewelry gold price - 650 gold (15.6K) | 48,930▼70K | 50,330▼70K |
| Jewelry gold price - 610 gold (14.6K) | 45,840▼60K | 47,240▼60K |
| Jewelry gold price - 585 gold (14K) | 43,910▼60K | 45,310▼60K |
| Jewelry gold price - 416 gold (10K) | 30,870▼40K | 32,270▼40K |
| Jewelry gold price - 375 gold (9K) | 27,700▼40K | 29,100▼40K |
| Jewelry gold price - 333 gold (8K) | 24,230▼30K | 25,630▼30K |
| 3.SJC- Updated: 08/16/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 78,000 | 80,000 |
| SJC 5c | 78,000 | 80,020 |
| SJC 2c, 1C, 5 phan | 78,000 | 80,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 76,500▼100K | 77,800▼100K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 76,500▼100K | 77,900▼100K |
| 99.99% Jewelry | 76,350▼100K | 77,350▼100K |
| 99% Jewelry | 74,584▼99K | 76,584▼99K |
| Jewelry 68% | 50,253▼68K | 52,753▼68K |
| Jewelry 41.7% | 29,908▼42K | 32,408▼42K |
World gold price today August 16, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,455.8 USD/ounce. Today's gold price increased by 10.39 USD compared to yesterday's gold price. Converted according to the USD exchange rate on the free market (25,575 VND/USD), the world gold price is about 76.54 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.45 million VND/tael higher than the international gold price.
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CME Group's FedWatch tool shows Wall Street is pricing in a 100% chance of a rate cut in September, and about an 80% chance of further cuts in November and December.
Scott Bauer, CEO of Prosper Trading Company, said that the US Federal Reserve's (FED) expected interest rate cut is one of the main factors driving up gold prices.
The US consumer price index (CPI) in July increased 2.9% compared to the same period last year, down from the 3% increase in June and the lowest increase since March 2021. Compared to the previous month, the CPI increased slightly by 0.2%.
Core CPI inflation, which excludes food and energy prices, also rose 0.2% in July, in line with economists' forecasts.
