Gold price today September 8, 2024: World gold price slightly recovered
Gold price today September 8, 2024: 9999 gold ring price remains the same as yesterday. World gold recovered slightly but is still below the 2,500 USD/Ounce mark.
Domestic gold price today September 8, 2024
At the time of survey at 5:00 a.m. on September 8, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold today at 77.45 million VND/tael for buying and 78.60 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 79.5-80.5 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78.5-80.5 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 78.5-80.5 million VND/tael (buy in - sell out).
The latest gold price list today, September 8, 2024 is as follows:
| Gold price today | September 8, 2024 (Million VND) | Difference (thousand dong/tael) | ||
| Buy | Sell out | Buy | Sell out | |
| SJC in Hanoi | 78.5 | 80.5 | - | - |
| DOJI Group | 78.5 | 80.5 | - | - |
| Mi Hong | 79.5 | 80.5 | - | - |
| PNJ | 78.5 | 80.5 | - | - |
| Vietinbank Gold | - | 80.5 | - | - |
| Bao Tin Minh Chau | 78.5 | 80.5 | - | - |
| Bao Tin Manh Hai | 78.5 | 80.5 | - | - |
| 1.DOJI- Updated: 09/08/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| AVPL/SJC HN | 78,500 | 80,500 |
| AVPL/SJC HCM | 78,500 | 80,500 |
| AVPL/SJC DN | 78,500 | 80,500 |
| Raw material 9999 - HN | 77,400 | 77,550 |
| Raw materials 999 - HN | 77,300 | 77,450 |
| AVPL/SJC Can Tho | 78,500 | 80,500 |
| 2.PNJ- Updated: 09/08/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 77,400 | 78,600 |
| HCMC - SJC | 78,500 | 80,500 |
| Hanoi - PNJ | 77,400 | 78,600 |
| Hanoi - SJC | 78,500 | 80,500 |
| Da Nang - PNJ | 77,400 | 78,600 |
| Da Nang - SJC | 78,500 | 80,500 |
| Western Region - PNJ | 77,400 | 78,600 |
| Western Region - SJC | 78,500 | 80,500 |
| Jewelry gold price - PNJ | 77,400 | 78,600 |
| Jewelry gold price - SJC | 78,500 | 80,500 |
| Jewelry gold price - Southeast | PNJ | 77,400 |
| Jewelry gold price - SJC | 78,500 | 80,500 |
| 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.SJC- Updated: 09/08/2024 05:10 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| SJC 1L, 10L, 1KG | 78,500 | 80,500 |
| SJC 5c | 78,500 | 80,520 |
| SJC 2c, 1C, 5 phan | 78,500 | 80,530 |
| 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 | 77,200 | 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 8, 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 2,496.12 USD/ounce. Today's gold price increased by 1.88 USD/ounce compared to yesterday's gold price. Converted according to the USD exchange rate on the free market (25,160 VND/USD), the world gold price is about 76.56 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 3.93 million VND/tael higher than the international gold price.
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Steady inflows into exchange-traded funds (ETFs) are a factor that analysts at Citi and Bank of America believe could send gold prices soaring to $3,000 an ounce next year.
Ajay Garg, director and CEO of SMC Global Securities, said geopolitical surcharges will also impact gold prices in 2025 due to the war in Ukraine and tensions in the Middle East. Moreover, inflation remains a concern and is above the Fed's 2% target.
“Gold is positively correlated with inflation, so prices should be higher. Recession fears and the US election will continue to boost gold prices, and it could reach $2,800-3,000/ounce by 2025. Additionally, central banks continue to buy gold. M2 supply is higher, and gold prices are likely to rise positively,” Garg said.