Market

Gold price today September 1, 2024: World gold recovers after a day of deep decline

Hung CuongDNUM_ABZAJZCACE 05:00

Gold price today September 1, 2024: Domestic gold price remained stable for the third consecutive day, world gold price recovered to the old level after a day of deep decline.

Domestic gold price today September 1, 2024

At the time of survey at 5:00 a.m. on September 1, 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).

Giá vàng hôm nay 1/9/2024: Vàng thế giới phục hồi sau một ngày giảm sâu

The latest gold price list today, September 1, 2024 is as follows:

Gold price today
September 1, 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: 09/01/2024 05:00 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
AVPL/SJC HN79,00081,000
AVPL/SJC HCM79,00081,000
AVPL/SJC DN79,00081,000
Raw material 9999 - HN77,35077,550
Raw material 999 - HN77,25077,450
AVPL/SJC Can Tho79,00081,000
2.PNJ- Updated: 09/01/2024 05:00 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ77,40078,600
HCMC - SJC79,00081,000
Hanoi - PNJ77,40078,600
Hanoi - SJC79,00081,000
Da Nang - PNJ77,40078,600
Da Nang - SJC79,00081,000
Western Region - PNJ77,40078,600
Western Region - SJC79,00081,000
Jewelry gold price - PNJ77,40078,600
Jewelry gold price - SJC79,00081,000
Jewelry gold price - SoutheastPNJ77,400
Jewelry gold price - SJC79,00081,000
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring77,400
Jewelry gold price - Jewelry gold 999.977,30078,100
Jewelry gold price - Jewelry gold 99977,22078,020
Jewelry gold price - Jewelry gold 9976,42077,420
Jewelry gold price - 916 gold (22K)71,14071,640
Jewelry gold price - 750 gold (18K)57,33058,730
Jewelry gold price - 680 gold (16.3K)51,86053,260
Jewelry gold price - 650 gold (15.6K)49,52050,920
Jewelry gold price - 610 gold (14.6K)46,39047,790
Jewelry gold price - 585 gold (14K)44,44045,840
Jewelry gold price - 416 gold (10K)31,24032,640
Jewelry gold price - 375 gold (9K)28,04029,440
Jewelry gold price - 333 gold (8K)24,52025,920
3.AJC- Updated: 09/01/2024 05:00 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
Jewelry 99.997,6357,820
99.9 Jewelry7,6257,810
NL 99.997,640
Round ring, sealed in blister pack T.Binh7,640
Round, 3A, Yellow T.Bình7,7407,860
Round, 3A, Yellow N.An7,7407,860
Round N., 3A, Yellow Street, Hanoi7,7407,860
SJC Thai Binh pieces7,9008,100
SJC Nghe An pieces7,9008,100
SJC Hanoi Piece7,9008,100
4.SJC- Updated: 08/30/2024 08:29 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG79,00081,000
SJC 5c79,00081,020
SJC 2c, 1c, 5c79,00081,030
SJC 99.99 gold ring 1 chi, 2 chi, 5 chi77,30078,600
SJC 99.99 gold ring 0.3 chi, 0.5 chi77,30078,700
Jewelry 99.99%77,25078,200
Jewelry 99%75,42677,426
Jewelry 68%50,83153,331
Jewelry 41.7%30,26332,763

World gold price today September 1, 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 2,525.15 USD/ounce. Today's gold price increased by 77.72 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.

The gold market is under pressure as investors sell after taking profits, along with weak inflation data.

The Commerce Department reported that the core personal consumption expenditures (PCE) price index, which excludes food and energy, rose just 0.2% in July, in line with expectations. The index is the Federal Reserve's preferred measure of inflation, and it has been rising steadily for the past three months.

Economists say the latest inflation data is a signal that the Fed may start cutting interest rates. Markets are now pricing in a 100% chance of a 25 basis point cut at its September meeting, and a 30.5% chance of a 50 basis point cut.

Gold Price Forecast

Gold is a safe investment channel, often increasing in price during times of economic instability, when investors do not choose high-risk assets such as stocks.

Despite falling interest rates and volatile global economic and political situations, gold is still expected to have long-term price increases.

In the near future, gold prices are likely to stabilize at above $2,500/ounce and may increase to $3,000/ounce according to some predictions.

Hung Cuong