Gold price today September 1, 2024: World gold recovers after a day of deep decline
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 in - sell out). 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 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, September 1, 2024 is as follows:
| Gold price today | September 1, 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: 09/01/2024 05:00 - 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 materials 9999 - HN | 77,350 | 77,550 |
| Raw materials 999 - HN | 77,250 | 77,450 |
| AVPL/SJC Can Tho | 79,000 | 81,000 |
| 2.PNJ- Updated: 09/01/2024 05:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 77,400 | 78,600 |
| HCMC - SJC | 79,000 | 81,000 |
| Hanoi - PNJ | 77,400 | 78,600 |
| Hanoi - SJC | 79,000 | 81,000 |
| Da Nang - PNJ | 77,400 | 78,600 |
| Da Nang - SJC | 79,000 | 81,000 |
| Western Region - PNJ | 77,400 | 78,600 |
| Western Region - SJC | 79,000 | 81,000 |
| Jewelry gold price - PNJ | 77,400 | 78,600 |
| Jewelry gold price - SJC | 79,000 | 81,000 |
| Jewelry gold price - Southeast | PNJ | 77,400 |
| Jewelry gold price - SJC | 79,000 | 81,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 77,400 |
| Jewelry gold price - Jewelry gold 999.9 | 77,300 | 78,100 |
| Jewelry gold price - 999 jewelry gold | 77,220 | 78,020 |
| Jewelry gold price - 99 jewelry gold | 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.AJC- Updated: 09/01/2024 05:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| Jewelry 99.99 | 7,635 | 7,820 |
| 99.9 Jewelry | 7,625 | 7,810 |
| NL 99.99 | 7,640 | |
| Round ring, sealed in blister pack T.Binh | 7,640 | |
| Round N, 3A, Yellow T.Binh | 7,740 | 7,860 |
| Round N., 3A, Yellow N.An | 7,740 | 7,860 |
| Round N., 3A, Yellow Street, Hanoi | 7,740 | 7,860 |
| SJC Thai Binh pieces | 7,900 | 8,100 |
| SJC Nghe An pieces | 7,900 | 8,100 |
| SJC Hanoi pieces | 7,900 | 8,100 |
| 4.SJC- Updated: 08/30/2024 08:29 - 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 | 77,300 | 78,600 |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 77,300 | 78,700 |
| 99.99% Jewelry | 77,250 | 78,200 |
| 99% Jewelry | 75,426 | 77,426 |
| Jewelry 68% | 50,831 | 53,331 |
| Jewelry 41.7% | 30,263 | 32,763 |
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 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, coupled 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 above $2,500/ounce and may increase to $3,000/ounce according to some predictions.