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 decreased by half a million dong. World gold price suddenly reversed and skyrocketed.
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:
DOJI listed the price of 9999 gold today at 76.05 million VND/tael for buying and 77.25 million 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 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 dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 76.5 | 78.5 | -500 | -500 |
| DOJI Group | 76.5 | 78.5 | -500 | -500 |
| Red Eyelashes | 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 |
|---|---|---|
| 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 material 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 |
|---|---|---|
| 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 - Jewelry gold 999 | 75,820 | 76,620 |
| Jewelry gold price - Jewelry gold 99 | 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 |
|---|---|---|
| SJC 1L, 10L, 1KG | 76,500 ▼500K | 78,500 ▼500K |
| SJC 5c | 76,500 ▼500K | 78,520 ▼500K |
| SJC 2c, 1c, 5c | 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 |
| Jewelry 99.99% | 75,850 ▲50K | 76,850 ▲50K |
| Jewelry 99% | 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 at 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-haven assets amid volatile global stock markets.
Global uncertainty could continue to push the precious metal higher, after seeing an increase in prices 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 for Asia-Pacific at OANDA, 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.