Gold price today, August 6: SJC gold price slightly decreased, listed at 78 million VND/tael
The Governor of the State Bank has approved the selling price of SJC gold today, August 6, for 4 commercial banks and SJC at 78 million VND/tael.
Gold market at 11:00 on August 6, 2024, the price of 9999 gold at DOJI is listed at 77 million VND/tael for buying and 79 million VND/tael for selling.
Mi Hong Jewelry Company updated the price of SJC gold at 78 - 79 million VND/tael for both buying and selling.
Bao Tin Minh Chau and Bao Tin Manh Hai Co., Ltd. both traded SJC gold at 77.1 - 79 million VND/tael.
The latest gold price list today, August 6, 2024 is as follows:
| Trademark | Purchase price | Selling price | Increase/Decrease | |
| Buy | Sell out | |||
| SJC 1 tael | 77,000,000 | 79,000,000 | -1,300,000 | -800,000 |
| Doji HN SJC | 77,000,000 | 79,000,000 | -1,300,000 | -800,000 |
| PNJ HN SJC | 77,000,000 | 79,000,000 | -1,300,000 | -800,000 |
| Phu Quy SJC | 77,100,000 | 79,000,000 | -1,200,000 | -800,000 |
| BTMC SJC | 77,100,000 | 79,000,000 | -1,200,000 | -800,000 |
| SJC 999.9 gold ring | 76,150,000 | 77,450,000 | -100,000 | -100,000 |
| Doji Prosperity Ring 9999 | 76,300,000 | 77,500,000 | -100,000 | -50,000 |
| PNJ 999.9 Plain Ring | 76,250,000 | 77,530,000 | 0 | -20,000 |
| Phu Quy round ring 999.9 | 76,150,000 | 77,450,000 | 0 | 0 |
| Thang Long BTMC Dragon Gold Plain Round Ring | 76,280,000 | 77,480,000 | 0 | 0 |
At 8:30 a.m. on August 6, the global gold price dropped to 2,415 USD/ounce, down 20 USD compared to the previous day.
In the most recent trading session, gold prices fell sharply, reaching a low of $2,364 per ounce due to the market sell-off. However, gold prices quickly recovered, surpassing $2,400 per ounce.
According to experts, although gold is considered a safe investment channel, it cannot avoid strong fluctuations when the market is unstable.
Jim Wycoff, chief analyst at Kitco Metals, reports that investors are panic selling both gold and silver.
In the long term, factors such as economic and political instability and predictions that the Fed may cut interest rates are seen as factors that can support the increase in gold prices.
Han Tan, market analyst at Exinity Group, said that geopolitical tensions and expectations of a Fed rate cut will support gold prices.
