Gold price today August 31, 2024: World gold continues to increase unexpectedly
Gold price today August 31, 2024: Domestic gold price remains stable, world gold price continues to increase unexpectedly when USD exchange rate is increasing.
Domestic gold price today August 31, 2024
At the time of survey at 5:00 a.m. on August 31, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 77.55 million VND/tael for buying and 78.65 million VND/tael for selling. Stable in both buying and selling directions.
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). Continuing to move sideways compared to yesterday.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 79-81 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 79-81 million VND/tael (buy - sell).
The latest gold price list today, August 31, 2024 is as follows:
| Gold price today | August 31, 2024 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 79 | 81 | - | - |
| DOJI Group | 79 | 81 | - | - |
| Red Eyelashes | 80 | 81 | - | - |
| PNJ | 79 | 81 | - | - |
| Vietinbank Gold | - | 81 | - | - |
| Bao Tin Minh Chau | 79 | 81 | - | - |
| Bao Tin Manh Hai | 79 | 81 | - | - |
| 1.DOJI- Updated: 08/31/2024 04:31 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| 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 | 77,400 | 77,600 |
| Raw material 999 - HN | 77,300 | 77,500 |
| AVPL/SJC Can Tho | 79,000 | 81,000 |
| 2.PNJ- Updated: 08/31/2024 04:31 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 77,450 | 78,650 |
| HCMC - SJC | 79,000 | 81,000 |
| Hanoi - PNJ | 77,450 | 78,650 |
| Hanoi - SJC | 79,000 | 81,000 |
| Da Nang - PNJ | 77,450 | 78,650 |
| Da Nang - SJC | 79,000 | 81,000 |
| Western Region - PNJ | 77,450 | 78,650 |
| Western Region - SJC | 79,000 | 81,000 |
| Jewelry gold price - PNJ | 77,450 | 78,650 |
| Jewelry gold price - SJC | 79,000 | 81,000 |
| Jewelry gold price - Southeast | PNJ | 77,450 |
| Jewelry gold price - SJC | 79,000 | 81,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 77,450 |
| Jewelry gold price - Jewelry gold 999.9 | 77,300 | 78,100 |
| Jewelry gold price - Jewelry gold 999 | 77,220 | 78,020 |
| Jewelry gold price - Jewelry gold 99 | 76,420 | 77,420 |
| Jewelry gold price - 916 gold (22K) | 71,140 | 71,640 |
| Jewelry gold price - 750 gold (18K) | 57,330 | 58,730 |
| Jewelry gold price - 680 gold (16.3K) | 51,860 | 53,260 |
| Jewelry gold price - 650 gold (15.6K) | 49,520 | 50,920 |
| Jewelry gold price - 610 gold (14.6K) | 46,390 | 47,790 |
| Jewelry gold price - 585 gold (14K) | 44,440 | 45,840 |
| Jewelry gold price - 416 gold (10K) | 31,240 | 32,640 |
| Jewelry gold price - 375 gold (9K) | 28,040 | 29,440 |
| Jewelry gold price - 333 gold (8K) | 24,520 | 25,920 |
| 3.SJC- Updated: 08/31/2024 04:31 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 79,000 | 81,000 |
| SJC 5c | 79,000 | 81,020 |
| SJC 2c, 1c, 5c | 79,000 | 81,030 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 77,400 | 78,650 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,400 | 78,750 |
| Jewelry 99.99% | 77,300 | 78,250 |
| Jewelry 99% | 75,475 | 77,475 |
| Jewelry 68% | 50,865 | 53,365 |
| Jewelry 41.7% | 30,284 | 32,784 |
World gold price today August 31, 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 2,525.15 USD/ounce. Today's gold price increased by 5.8 USD/ounce compared to yesterday's gold price. Converted according to the USD exchange rate on the free market (25,200 VND/USD), the world gold price is about 77.58 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.42 million VND/tael higher than the international gold price.
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Everett Millman from Gainesville Coins predicts that interest rates will likely be cut, and the question now is how much the cut will be.
The gold market is likely to remain flat until the next Fed meeting, but it appears that gold is still strongly supported by the geopolitical situation, he said.
The Israeli military said it had eliminated five Palestinian militants at a mosque in Tulkarm, West Bank.
Gold, which does not yield interest, is often seen as a safe investment during times of economic or geopolitical uncertainty.
The latest data from the US Department of Labor showed that the number of applications for unemployment benefits decreased, but the unemployment rate may remain high in August. Fed Chairman Jerome Powell has hinted at an upcoming interest rate cut to address concerns about the labor market.
The CME FedWatch tool shows the market is pricing in a 65% chance of a 25 basis point rate cut and a 34.5% chance of a 50 basis point cut in September.
Investors are looking to U.S. inflation data for clearer guidance on gold prices. Recent positive U.S. economic data has fueled talk of the Fed cutting interest rates by less than 0.5%.