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Gold price at noon on August 7: 9999 gold ring decreased following world gold price

Hung CuongAugust 7, 2024 12:35

Gold price today at noon on August 7: Gold ring price continues to drop to 77.3 million VND/tael. World gold price today continues to drop below the 2,400 USD mark.

Domestic gold price at noon on August 7

At 10:00 a.m. on August 7, DOJI gold bar prices in Hanoi and Ho Chi Minh City were listed unchanged from the previous session, with the buying price at VND77 million/tael and the selling price at VND79 million/tael.

The price of Doji Hung Thinh Vuong 9999 gold ring has a slight decrease of 100,000 VND, listed at 76.1 million VND/tael for buying and 77.3 million VND/tael for selling.

Saigon Jewelry Company kept the buying and selling prices of SJC gold bars unchanged at 77-79 million VND/tael, while the price of SJC 9999 gold rings decreased by 350,000 VND for buying and 150,000 VND for selling, listed at 75.8 and 77.3 million VND/tael, respectively.

PNJ announced the gold buying price at 76 million VND/tael and selling price at 77.29 million VND/tael, down 200,000 VND and 160,000 VND compared to the previous trading session.

Giá vàng trưa ngày 7/8: Vàng nhẫn 9999 giảm theo giá thế giới

Latest gold price list August 7

DOJI Buy Sell ​​out
AVPL/SJC HN77,00079,000
AVPL/SJC HCM77,00079,000
AVPL/SJC DN77,00079,000
Raw material 9999 - HN75,500 ▼200K76,200 ▼200K
Raw materials 999 - HN75,400 ▼200K76,100 ▼200K
AVPL/SJC Can Tho77,00079,000
Updated: August 7, 2024 11:30
PNJ Buy Sell ​​out
HCMC - PNJ76,000 ▼200K77,290 ▼160K
HCMC - SJC77,00079,000
Hanoi - PNJ76,000 ▼200K77,290 ▼160K
Hanoi - SJC77,00079,000
Da Nang - PNJ76,000 ▼200K77,290 ▼160K
Da Nang - SJC77,00079,000
Western Region - PNJ76,000 ▼200K77,290 ▼160K
Western Region - SJC77,00079,000
Jewelry gold price - PNJ76,000 ▼200K77,290 ▼160K
Jewelry gold price - SJC77,00079,000
Jewelry gold price - SoutheastPNJ76,000 ▼200K
Jewelry gold price - SJC77,00079,000
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring76,000 ▼200K
Jewelry gold price - Jewelry gold 999.975,900 ▼200K76,700 ▼200K
Jewelry gold price - 999 jewelry gold75,820 ▼200K76,620 ▼200K
Jewelry gold price - 99 jewelry gold75,030 ▼200K76,030 ▼200K
Jewelry gold price - 916 gold (22K)69,860 ▼180K70,360 ▼180K
Jewelry gold price - 750 gold (18K)56,280 ▼150K57,680 ▼150K
Jewelry gold price - 680 gold (16.3K)50,910 ▼130K52,310 ▼130K
Jewelry gold price - 650 gold (15.6K)48,610 ▼130K50,010 ▼130K
Jewelry gold price - 610 gold (14.6K)45,540 ▼120K46,940 ▼120K
Jewelry gold price - 585 gold (14K)43,620 ▼120K45,020 ▼120K
Jewelry gold price - 416 gold (10K)30,660 ▼80K32,060 ▼80K
Jewelry gold price - 375 gold (9K)27,510 ▼80K28,910 ▼80K
Jewelry gold price - 333 gold (8K)24,060 ▼70K25,460 ▼70K
Updated: August 7, 2024 11:30
SJC Buy Sell ​​out
SJC 1L, 10L, 1KG77,00079,000
SJC 5c77,00079,020
SJC 2c, 1C, 5 phan77,00079,030
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi75,900 ▼250K77,300 ▼150K
SJC 99.99 gold ring 0.3 chi, 0.5 chi75,900 ▼250K77,400 ▼150K
99.99% Jewelry75,800 ▼200K76,800 ▼200K
99% Jewelry74,040 ▼198K76,040 ▼198K
Jewelry 68%49,879 ▼136K52,379 ▼136K
Jewelry 41.7%29,679 ▼83K32,179 ▼83K
Updated: August 7, 2024 11:30

World gold price at noon on August 7

At 9:30 a.m. on August 7, the global gold price decreased by 27.3 USD, reaching 2,383.1 USD/ounce, continuing the downward trend from the previous trading session.

Gold prices fell for a fourth consecutive session after witnessing a significant increase last week, due to selling pressure from investors and a stronger US dollar and bond yields.

Rhona O'Connell, head of commodities at StoneX Bullion, said gold is under short-term pressure due to volatility in equity markets, with falls in Asia and Europe, as well as a decline in US stocks.

Ms. O'Connell predicts that, despite gold's short-term price decline, the precious metal will recover and break above the support level of $2,400/ounce.

Gold's long-term outlook is seen as positive, due to lingering economic and political uncertainties, along with expectations that the FED will cut interest rates.

The USD-Index rose to 103.25 points, the yield on 10-year US Treasury bonds reached 3.903%, while US stocks recovered from the previous shock; oil prices remained stable at 76.52 USD/barrel for Brent oil and 73.3 USD/barrel for WTI oil.

What factors will affect the gold market in the coming time?

Dr. Nguyen Tri Hieu, Director of the Institute for Research and Development of Global Financial and Real Estate Markets, said that gold prices could reach $2,500/ounce this year and potentially increase to $3,000/ounce next year.

Vietnam's economy is heavily influenced by US monetary policy, with any changes from the US likely to have a strong impact on Vietnam's financial policies and markets.

The reduction in US interest rates is expected to have a positive impact on the Vietnamese currency market, reducing pressure on exchange rates.

Deputy Governor of the State Bank of Vietnam Dao Minh Tu emphasized the possibility of fluctuations in the gold market based on the US election results and central banks buying gold to replace national reserves.

Increased global gold demand could push gold prices up, affecting the Vietnamese gold market.

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Gold price at noon on August 7: 9999 gold ring decreased following world gold price
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