Gold price today August 9, 2024: SJC gold drops half a million dong, world gold price suddenly reverses and skyrockets
Gold price today August 9, 2024: SJC price drops by half a million dong. World gold price suddenly reverses and skyrockets.
Domestic gold price today August 9, 2024
At the time of survey at 5:00 a.m. on August 9, 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 76.05 million VND/tael for buying and 77.25 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 77.5-78.5 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 76.5 - 78.5 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.5 - 78.5 million VND/tael (buy - sell).
The latest gold price list today, August 9, 2024 is as follows:
| Gold price today | August 9, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 76.5 | 78.5 | -500 | -500 |
| DOJI Group | 76.5 | 78.5 | -500 | -500 |
| Mi Hong | 77.5 | 78.5 | -500 | -500 |
| PNJ | 76.5 | 78.5 | -500 | -500 |
| Vietinbank Gold | - | 78.5 | - | -500 |
| Bao Tin Minh Chau | 76.5 | 78.5 | -600 | -600 |
| Bao Tin Manh Hai | 76.5 | 78.5 | -600 | -600 |
| DOJI - Updated: August 9, 2024 05:32 | Buy | Sell out |
|---|---|---|
| AVPL/SJC HN | 76,500 ▼500K | 78,500 ▼500K |
| AVPL/SJC HCM | 76,500 ▼500K | 78,500 ▼500K |
| AVPL/SJC DN | 76,500 ▼500K | 78,500 ▼500K |
| Raw material 9999 - HN | 75,550 ▼50K | 76,200 |
| Raw materials 999 - HN | 75,450 ▼50K | 76,100 |
| AVPL/SJC Can Tho | 76,500 ▼500K | 78,500 ▼500K |
| PNJ - Updated: August 9, 2024 05:32 | Buy | Sell out |
|---|---|---|
| HCMC - PNJ | 76,000 | 77,290 |
| HCMC - SJC | 76,500 ▼500K | 78,500 ▼500K |
| Hanoi - PNJ | 76,000 | 77,290 |
| Hanoi - SJC | 76,500 ▼500K | 78,500 ▼500K |
| Da Nang - PNJ | 76,000 | 77,290 |
| Da Nang - SJC | 76,500 ▼500K | 78,500 ▼500K |
| Western Region - PNJ | 76,000 | 77,290 |
| Western Region - SJC | 76,500 ▼500K | 78,500 ▼500K |
| Jewelry gold price - PNJ | 76,000 | 77,290 |
| Jewelry gold price - SJC | 76,500 ▼500K | 78,500 ▼500K |
| Jewelry gold price - Southeast | PNJ | 76,000 |
| Jewelry gold price - SJC | 76,500 ▼500K | 78,500 ▼500K |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 76,000 |
| Jewelry gold price - Jewelry gold 999.9 | 75,900 | 76,700 |
| Jewelry gold price - 999 jewelry gold | 75,820 | 76,620 |
| Jewelry gold price - 99 jewelry gold | 75,030 | 76,030 |
| Jewelry gold price - 916 gold (22K) | 69,860 | 70,360 |
| Jewelry gold price - 750 gold (18K) | 56,280 | 57,680 |
| Jewelry gold price - 680 gold (16.3K) | 50,910 | 52,310 |
| Jewelry gold price - 650 gold (15.6K) | 48,610 | 50,010 |
| Jewelry gold price - 610 gold (14.6K) | 45,540 | 46,940 |
| Jewelry gold price - 585 gold (14K) | 43,620 | 45,020 |
| Jewelry gold price - 416 gold (10K) | 30,660 | 32,060 |
| Jewelry gold price - 375 gold (9K) | 27,510 | 28,910 |
| Jewelry gold price - 333 gold (8K) | 24,060 | 25,460 |
| SJC - Updated: August 9, 2024 05:00 | Buy | Sell out |
|---|---|---|
| SJC 1L, 10L, 1KG | 76,500 ▼500K | 78,500 ▼500K |
| SJC 5c | 76,500 ▼500K | 78,520 ▼500K |
| SJC 2c, 1C, 5 phan | 76,500 ▼500K | 78,530 ▼500K |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 75,950 ▲50K | 77,300 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 75,950 ▲50K | 77,400 |
| 99.99% Jewelry | 75,850 ▲50K | 76,850 ▲50K |
| 99% Jewelry | 74,089 ▲49K | 76,089 ▲49K |
| Jewelry 68% | 49,913 ▲34K | 52,413 ▲34K |
| Jewelry 41.7% | 29,700 ▲21K | 32,200 ▲21K |
World gold price today August 9, 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 2,413.48 USD/ounce. Today's gold price increased by 30.2 USD compared to yesterday's gold price. Converted according to the exchange rate on the free market (25,770 VND/USD), the world gold price is about 75.819 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 2.68 million VND/tael higher than the international gold price.
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Gold prices have recovered from a slump despite the strength of the US dollar, reflecting a shift of money into safe havens amid volatile global stock markets.
Global uncertainty could continue to push the precious metal higher, after it has seen an increase since late 2023.
Gold prices fell to $2,380 an ounce before rebounding, amid declines in other assets such as stocks, bitcoin, the US dollar and oil. Rising geopolitical tensions in the Middle East and fears of wider conflict may have boosted demand for gold.
Peter Fung, Head of Trading, predicts that gold prices may fluctuate around $2,350/ounce in the short term and may reach $2,500/ounce by the end of the year.
Kelvin Wong, senior market analyst at OANDA for Asia-Pacific, stressed that long-term fundamentals are supporting gold prices, including geopolitical tensions in the Middle East and the downward trend in US government bond yields.
Major financial firms such as JP Morgan, Citigroup and Wells Fargo forecast that the Federal Reserve (Fed) could cut interest rates by 50 basis points by September 2024 to prevent a recession, based on recent weak US employment data.