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Gold price today September 8, 2024: World gold price slightly recovered

Hung CuongDNUM_AIZAJZCACE 05:00

Gold price today September 8, 2024: 9999 gold ring price remains the same as yesterday. World gold price 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 Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold 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).

Giá vàng hôm nay 8/9/2024: Vàng thế giới hồi phục nhẹ

The latest gold price list today, September 8, 2024 is as follows:

Gold price today
September 8, 2024
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
78.5
80.5
-
-
DOJI Group
78.5
80.5
-
-
Red Eyelashes
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.
TypeBuySell
AVPL/SJC HN78,50080,500
AVPL/SJC HCM78,50080,500
AVPL/SJC DN78,50080,500
Raw material 9999 - HN77,40077,550
Raw material 999 - HN77,30077,450
AVPL/SJC Can Tho78,50080,500
2.PNJ- Updated: 09/08/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ77,40078,600
HCMC - SJC78,50080,500
Hanoi - PNJ77,40078,600
Hanoi - SJC78,50080,500
Da Nang - PNJ77,40078,600
Da Nang - SJC78,50080,500
Western Region - PNJ77,40078,600
Western Region - SJC78,50080,500
Jewelry gold price - PNJ77,40078,600
Jewelry gold price - SJC78,50080,500
Jewelry gold price - SoutheastPNJ77,400
Jewelry gold price - SJC78,50080,500
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.SJC- Updated: 09/08/2024 05:10 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
SJC 1L, 10L, 1KG78,50080,500
SJC 5c78,50080,520
SJC 2c, 1c, 5c78,50080,530
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%77,20078,200
Jewelry 99%75,42677,426
Jewelry 68%50,83153,331
Jewelry 41.7%30,26332,763

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 at 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.

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. Fears of recession 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.

Hung Cuong