Gold price today August 20, 2024: World gold stable, domestic gold drops sharply
Gold price today August 20, 2024: 9999 gold ring price dropped sharply from 150,000-200,000 VND per tael. World gold price stabilized above the 2,500 USD/Ounce mark
Domestic gold price today August 20, 2024
At the time of survey at 5:00 a.m. on August 20, 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 76.95 million VND/tael for buying and 78.20 million VND/tael for selling. Reduced 50 thousand VND/tael for buying - 200 thousand VND/tael for 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 businesses at 78.3-80 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 20, 2024 is as follows:
| Gold price today | August 20, 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 | +500 | - |
| PNJ | 78 | 80 | - | - |
| Vietinbank Gold | - | 80 | - | - |
| Bao Tin Minh Chau | 78.3 | 80 | - | - |
| Bao Tin Manh Hai | 78 | 80 | - | - |
| 1.DOJI- Updated: 2024-08-20 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 | 76,600▲50K | 77,150▼200K |
| Raw materials 999 - HN | 76,500▲50K | 77,050▼400K |
| AVPL/SJC Can Tho | 78,000 | 80,000 |
| 2.PNJ- Updated: 2024-08-20 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 76,850▼150K | 78,200▼190K |
| HCMC - SJC | 78,000 | 80,000 |
| Hanoi - PNJ | 76,850▼150K | 78,200▼190K |
| Hanoi - SJC | 78,000 | 80,000 |
| Da Nang - PNJ | 76,850▼150K | 78,200▼190K |
| Da Nang - SJC | 78,000 | 80,000 |
| Western Region - PNJ | 76,850▼150K | 78,200▼190K |
| Western Region - SJC | 78,000 | 80,000 |
| Jewelry gold price - PNJ | 76,850▼150K | 78,200▼190K |
| Jewelry gold price - SJC | 78,000 | 80,000 |
| Jewelry gold price - Southeast | PNJ | 76,850▼150K |
| Jewelry gold price - SJC | 78,000 | 80,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 76,850▼150K |
| Jewelry gold price - Jewelry gold 999.9 | 76,700▼200K | 77,500▼200K |
| Jewelry gold price - 999 jewelry gold | 76,620▼200K | 77,420▼200K |
| Jewelry gold price - 99 jewelry gold | 75,830▼190K | 76,830▼190K |
| Jewelry gold price - 916 gold (22K) | 70,590▼180K | 71,090▼180K |
| Jewelry gold price - 750 gold (18K) | 56,880▼150K | 58,280▼150K |
| Jewelry gold price - 680 gold (16.3K) | 51,450▼140K | 52,850▼140K |
| Jewelry gold price - 650 gold (15.6K) | 49,130▼130K | 50,530▼130K |
| Jewelry gold price - 610 gold (14.6K) | 46,030▼120K | 47,430▼120K |
| Jewelry gold price - 585 gold (14K) | 44,090▼120K | 45,490▼120K |
| Jewelry gold price - 416 gold (10K) | 30,990▼80K | 32,390▼80K |
| Jewelry gold price - 375 gold (9K) | 27,810▼80K | 29,210▼80K |
| Jewelry gold price - 333 gold (8K) | 24,330▼60K | 25,730▼60K |
| 3.SJC- Updated: 2024-08-20 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 | 76,800▼200K | 78,200▼200K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 76,800▼200K | 78,300▼200K |
| 99.99% Jewelry | 76,700▼250K | 77,700▼250K |
| 99% Jewelry | 74,931▼247K | 76,931▼247K |
| Jewelry 68% | 50,491▼170K | 52,991▼170K |
| Jewelry 41.7% | 30,054▼104K | 32,554▼104K |
World gold price today August 20, 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 2,502.56 USD/ounce. Today's gold price decreased by 4.18 USD compared to yesterday's gold price. Converted according to the USD exchange rate on the free market (25,400 VND/USD), the world gold price is about 77.47 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 2.52 million VND/tael higher than the international gold price.
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Despite the relatively quiet start to the week, the outlook for gold prices remains positive. The fundamentals are still in favor of the uptrend, making it difficult for bears to find an opportunity.
The Jackson Hole conference is an important event that attracts the world's leading financial policymakers. Here, the Fed often gives important signals about the upcoming direction of monetary policy.
A clear message of a rate cut at the Jackson Hole conference could put downward pressure on the dollar and push gold prices higher.
This year, investors are paying particular attention to the possibility of the Fed cutting interest rates at its non-farm payrolls meeting on September 6. Recent economic data, such as strong retail sales and falling unemployment claims, have reinforced these expectations.
However, the Fed's final decision will depend largely on the non-farm payrolls report to be released on September 6. If this report shows that the labor market is still strong, the possibility of the Fed cutting interest rates by 25 basis points is very high.
