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Gold price today August 20, 2024: World gold stable, domestic gold decreased sharply

Hung CuongDNUM_CAZAIZCACE 05:30

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 2,500 USD/Ounce

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:

DOJI listed the price of 9999 gold today at 76.95 million VND/tael for buying and 78.20 million VND/tael for selling. Decreased by 50 thousand VND/tael for buying - 200 thousand VND/tael for selling.

At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold 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 78.3-80 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).

Giá vàng hôm nay 20/8/2024: Vàng thế giới ổn định, trong nước giảm mạnh
Gold price today August 20, 2024: World gold stable, domestic gold decreased sharply

The latest gold price list today, August 20, 2024 is as follows:

Gold price today
August 20, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
78
80
-
-
DOJI Group
78
80
-
-
Red Eyelashes
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.
TypeBuySell
AVPL/SJC HN78,00080,000
AVPL/SJC HCM78,00080,000
AVPL/SJC DN78,00080,000
Raw material 9999 - HN76,600▲50K77,150▼200K
Raw material 999 - HN76,500▲50K77,050▼400K
AVPL/SJC Can Tho78,00080,000
2.PNJ- Updated: 2024-08-20 04:30 - Source website time - ▼/▲ Compared to yesterday.
Type
BuySell
HCMC - PNJ76,850▼150K78,200▼190K
HCMC - SJC78,00080,000
Hanoi - PNJ76,850▼150K78,200▼190K
Hanoi - SJC78,00080,000
Da Nang - PNJ76,850▼150K78,200▼190K
Da Nang - SJC78,00080,000
Western Region - PNJ76,850▼150K78,200▼190K
Western Region - SJC78,00080,000
Jewelry gold price - PNJ76,850▼150K78,200▼190K
Jewelry gold price - SJC78,00080,000
Jewelry gold price - SoutheastPNJ76,850▼150K
Jewelry gold price - SJC78,00080,000
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring76,850▼150K
Jewelry gold price - Jewelry gold 999.976,700▼200K77,500▼200K
Jewelry gold price - Jewelry gold 99976,620▼200K77,420▼200K
Jewelry gold price - Jewelry gold 9975,830▼190K76,830▼190K
Jewelry gold price - 916 gold (22K)70,590▼180K71,090▼180K
Jewelry gold price - 750 gold (18K)56,880▼150K58,280▼150K
Jewelry gold price - 680 gold (16.3K)51,450▼140K52,850▼140K
Jewelry gold price - 650 gold (15.6K)49,130▼130K50,530▼130K
Jewelry gold price - 610 gold (14.6K)46,030▼120K47,430▼120K
Jewelry gold price - 585 gold (14K)44,090▼120K45,490▼120K
Jewelry gold price - 416 gold (10K)30,990▼80K32,390▼80K
Jewelry gold price - 375 gold (9K)27,810▼80K29,210▼80K
Jewelry gold price - 333 gold (8K)24,330▼60K25,730▼60K
3.SJC- Updated: 2024-08-20 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG78,00080,000
SJC 5c78,00080,020
SJC 2c, 1c, 5c78,00080,030
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi76,800▼200K78,200▼200K
SJC 99.99 gold ring 0.3 chi, 0.5 chi76,800▼200K78,300▼200K
Jewelry 99.99%76,700▼250K77,700▼250K
Jewelry 99%74,931▼247K76,931▼247K
Jewelry 68%50,491▼170K52,991▼170K
Jewelry 41.7%30,054▼104K32,554▼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.

Despite the relatively stable trading session at the beginning of the week, the outlook for gold prices remains positive. Fundamentals are still supporting this upward trend, making it difficult for bears to find opportunities.

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 that the Fed will cut interest rates at its non-farm payrolls meeting on September 6. Recent economic data, such as strong retail sales and falling jobless claims, have reinforced those 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.

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Gold price today August 20, 2024: World gold stable, domestic gold decreased sharply
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