Gold price today August 25, 2024: Gold rings increase towards new record
Gold price today August 25, 2024: Gold ring price increased back to the peak of nearly 79 million VND, world gold price increased but the converted price decreased due to the sharp decrease in USD exchange rate
Domestic gold price today August 25, 2024
At the time of survey at 5:00 a.m. on August 25, 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 77.20 million VND/tael for buying and 78.40 million VND/tael for selling. A slight increase of 100,000 VND/kg for both buying and selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 80-81 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 79-81 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 79-81 million VND/tael (buy in - sell out).
The latest gold price list today, August 25, 2024 is as follows:
| Gold price today | August 25, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 79 | 81 | - | - |
| DOJI Group | 79 | 81 | - | - |
| Mi Hong | 80 | 81 | - | - |
| PNJ | 79 | 81 | - | - |
| Vietinbank Gold | - | 81 | - | - |
| Bao Tin Minh Chau | 79 | 81 | - | - |
| Bao Tin Manh Hai | 79 | 81 | - | - |
| 1.DOJI- Updated: 08/25/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 79,000 | 81,000 |
| AVPL/SJC HCM | 79,000 | 81,000 |
| AVPL/SJC DN | 79,000 | 81,000 |
| Raw material 9999 - HN | 76,850▲100K | 77,350▲100K |
| Raw materials 999 - HN | 76,750▲100K | 77,250▲100K |
| AVPL/SJC Can Tho | 79,000 | 81,000 |
| 2.PNJ- Updated: 08/25/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 77,200▲200K | 78,400▲150K |
| HCMC - SJC | 79,000 | 81,000 |
| Hanoi - PNJ | 77,200▲200K | 78,400▲150K |
| Hanoi - SJC | 79,000 | 81,000 |
| Da Nang - PNJ | 77,200▲200K | 78,400▲150K |
| Da Nang - SJC | 79,000 | 81,000 |
| Western Region - PNJ | 77,200▲200K | 78,400▲150K |
| Western Region - SJC | 79,000 | 81,000 |
| Jewelry gold price - PNJ | 77,200▲200K | 78,400▲150K |
| Jewelry gold price - SJC | 79,000 | 81,000 |
| Jewelry gold price - Southeast | PNJ | 77,200▲200K |
| Jewelry gold price - SJC | 79,000 | 81,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 77,200▲200K |
| Jewelry gold price - Jewelry gold 999.9 | 77,100▲300K | 77,900▲300K |
| Jewelry gold price - 999 jewelry gold | 77,020▲300K | 77,820▲300K |
| Jewelry gold price - 99 jewelry gold | 76,220▲300K | 77,220▲300K |
| Jewelry gold price - 916 gold (22K) | 70,960▲280K | 71,460▲280K |
| Jewelry gold price - 750 gold (18K) | 57,180▲230K | 58,580▲230K |
| Jewelry gold price - 680 gold (16.3K) | 51,720▲200K | 53,120▲200K |
| Jewelry gold price - 650 gold (15.6K) | 49,390▲200K | 50,790▲200K |
| Jewelry gold price - 610 gold (14.6K) | 46,270▲180K | 47,670▲180K |
| Jewelry gold price - 585 gold (14K) | 44,320▲170K | 45,720▲170K |
| Jewelry gold price - 416 gold (10K) | 31,160▲130K | 32,560▲130K |
| Jewelry gold price - 375 gold (9K) | 27,960▲110K | 29,360▲110K |
| Jewelry gold price - 333 gold (8K) | 24,460▲100K | 25,860▲100K |
| 3.SJC- Updated: 08/25/2024 04:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 79,000 | 81,000 |
| SJC 5c | 79,000 | 81,020 |
| SJC 2c, 1C, 5 phan | 79,000 | 81,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 77,100▲100K | 78,400▲100K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,100▲100K | 78,500▲100K |
| 99.99% Jewelry | 76,950▲100K | 77,950▲100K |
| 99% Jewelry | 75,178▲99K | 77,178▲99K |
| Jewelry 68% | 50,661▲68K | 53,161▲68K |
| Jewelry 41.7% | 30,158▲41K | 32,658▲41K |
World gold price today August 25, 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 2,510.86 USD/ounce. Today's gold price decreased by 4.61 USD/ounce compared to yesterday's gold price. Converted according to the USD exchange rate on the free market (25,290 VND/USD), the world gold price is about 77.41 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.58 million VND/tael higher than the international gold price.
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With the highest price reaching 78.6 million VND/tael, the gold ring market has generally returned to the previous record peak set on April 10, 2024. The gold ring market is expected to continue to increase in price due to the positive influence of world gold prices.
World gold prices increased slightly compared to last week, but the price converted to Vietnamese Dong decreased due to the decrease in USD/VND exchange rate. Fed Chairman Jerome Powell has signaled the possibility of cutting interest rates, but has not provided specific details.
The market is pricing in a September rate cut by the Fed, with odds of a 0.25% cut at 63.5% and a 0.5% cut at 36.5%. Powell's comments sent the dollar and Treasury yields lower, supporting gold prices.
The Dollar Index, which measures the greenback's strength against a basket of major currencies, fell 0.82% to 100.68. The yield on the 10-year Treasury note fell 6 basis points to 3.801%, and the 2-year note fell 10 basis points to 3.913%.
Gold price forecast
Gold prices have fallen from their all-time high above $2,530 an ounce, but still look bullish due to lower interest rates and a weaker US dollar.
Geopolitical tensions can cause major volatility in commodity markets. Central banks are buying more gold, while annual gold mine production is falling, which could lead to higher gold prices in the future.