Gold price today September 6, 2024: Domestic gold price drops sharply, world price increases
Gold price today September 6, 2024: Domestic gold prices fell from 50,000 to 500,000 VND/tael. World gold prices suddenly increased sharply to over 2,500 USD/ounce.
Domestic gold price today September 6, 2024
At the time of survey at 5:00 a.m. on September 6, 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 77.45 million VND/tael for buying and 78.60 million VND/tael for selling, a slight increase of 50,000 VND/tael in both buying and selling directions.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 79.5-80.5 million VND/tael (buy - sell). A sharp decrease of 500,000 VND/tael compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78.5-80.5 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 79.5-80.5 million VND/tael (buy in - sell out). All decreased by 500,000 VND/tael compared to yesterday.
The latest gold price list today, September 6, 2024 is as follows:
| Gold price today | September 6, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 78.5 | 80.5 | -500 | -500 |
| DOJI Group | 78.5 | 80.5 | -500 | -500 |
| Red Eyelashes | 79.5 | 80.5 | -500 | -500 |
| PNJ | 78.5 | 80.5 | -500 | -500 |
| Vietinbank Gold | - | 80.5 | - | -500 |
| Bao Tin Minh Chau | 78.5 | 80.5 | -500 | -500 |
| Bao Tin Manh Hai | 78.5 | 80.5 | -500 | -500 |
| 1.DOJI- Updated: 09/06/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 78,500▼500K | 80,500▼500K |
| AVPL/SJC HCM | 78,500▼500K | 80,500▼500K |
| AVPL/SJC DN | 78,500▼500K | 80,500▼500K |
| Raw material 9999 - HN | 77,350▲100K | 77,500 |
| Raw material 999 - HN | 77,250▲100K | 77,400 |
| AVPL/SJC Can Tho | 78,500▼500K | 80,500▼500K |
| 2.PNJ- Updated: 09/06/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 77,350 | 78,550 |
| HCMC - SJC | 78,500▼500K | 80,500▼500K |
| Hanoi - PNJ | 77,350 | 78,550 |
| Hanoi - SJC | 78,500▼500K | 80,500▼500K |
| Da Nang - PNJ | 77,350 | 78,550 |
| Da Nang - SJC | 78,500▼500K | 80,500▼500K |
| Western Region - PNJ | 77,350 | 78,550 |
| Western Region - SJC | 78,500▼500K | 80,500▼500K |
| Jewelry gold price - PNJ | 77,350 | 78,550 |
| Jewelry gold price - SJC | 78,500▼500K | 80,500▼500K |
| Jewelry gold price - Southeast | PNJ | 77,350 |
| Jewelry gold price - SJC | 78,500▼500K | 80,500▼500K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 77,350 |
| Jewelry gold price - Jewelry gold 999.9 | 77,250 | 78,050 |
| Jewelry gold price - Jewelry gold 999 | 77,170 | 77,970 |
| Jewelry gold price - Jewelry gold 99 | 76,370 | 77,370 |
| Jewelry gold price - 916 gold (22K) | 71,090 | 71,590 |
| Jewelry gold price - 750 gold (18K) | 57,290 | 58,690 |
| Jewelry gold price - 680 gold (16.3K) | 51,820 | 53,220 |
| Jewelry gold price - 650 gold (15.6K) | 49,480 | 50,880 |
| Jewelry gold price - 610 gold (14.6K) | 46,360 | 47,760 |
| Jewelry gold price - 585 gold (14K) | 44,410 | 45,810 |
| Jewelry gold price - 416 gold (10K) | 31,220 | 32,620 |
| Jewelry gold price - 375 gold (9K) | 28,020 | 29,420 |
| Jewelry gold price - 333 gold (8K) | 24,510 | 25,910 |
| 3.SJC- Updated: 09/06/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 78,500▼500K | 80,500▼500K |
| SJC 5c | 78,500▼500K | 80,520▼500K |
| SJC 2c, 1c, 5c | 78,500▼500K | 80,530▼500K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 77,250▲50K | 78,550▲50K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,250▲50K | 78,650▲50K |
| Jewelry 99.99% | 77,150▲50K | 78,150▲50K |
| Jewelry 99% | 75,376▲49K | 77,376▲49K |
| Jewelry 68% | 50,797▲34K | 53,297▲34K |
| Jewelry 41.7% | 30,242▲21K | 32,742▲21K |
The State Bank has reduced the selling price of gold bars to VND79.5 million per tael, VND500,000 lower than the previous day. Banks and the Saigon Jewelry Company can sell gold at a maximum VND1 million higher than the purchase price.
The selling price of SJC gold bars has decreased after 2 weeks of stability, from 81 million VND to 80.5 million VND per tael, and the buying price has also decreased to 78.5 million VND.
Vietcombank has stopped the online ordering service for SJC gold bars and tightened its gold sales policy, requiring customers to use e-banking services to buy. Agribank, VietinBank, BIDV and SJC still allow online ordering of gold bars and receiving gold at branches.
World gold price today September 6, 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 2,508.67 USD/ounce. Today's gold price increased by 13.43 USD/ounce compared to yesterday's gold price. Converted according to the USD exchange rate on the free market (25,295 VND/USD), the world gold price is about 77.32 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.67 million VND/tael higher than the international gold price.
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World gold prices rose slightly as US employment data fell short of expectations, weakening the dollar. The recent drop in crude oil prices may have reduced demand for gold.
The JOLTS report said the number of jobs in the US in July fell to the lowest level since January 2021. Supporters of dovish monetary policy in the US hope that the Fed will cut interest rates sooner.
Monthly employment data from the U.S. Labor Department and the ADP jobs report are being watched for clues on the likelihood of a Fed rate cut. Markets are pricing in a 63% chance of a 25 basis point cut and a 37% chance of a 50 basis point cut. Traders have increased bets on a 50 basis point cut at the Fed's September 17-18 meeting.
According to CNBC, Commerzbank believes that if US employment is weak, the economy may fall into recession and the Fed may cut interest rates faster, which supports gold prices.
Gold Price Forecast
Gold price trend may face difficulties as September is usually not favorable for gold.
Joe Cavatoni from the World Gold Council commented that, despite the challenges, gold is still receiving support from positive factors such as the geopolitical situation and high buying demand from central banks.
Although the World Gold Council has not made an official forecast, Cavatoni expects gold prices to rise to $2,700 - $3,000 an ounce.
