Gold price update at the close of trading on August 31st: Ring gold prices remain unchanged.

Illustration photo: Phan Anh

Updated SJC gold prices

Domestic SJC gold prices closed on August 31, 2024.

Gold price movements in SJC gold over the past month. Source: Rong Viet Online Services Joint Stock Company (VDOS).

Currently, the difference between the buying and selling price of gold is listed around 2 million VND per tael. Experts believe that this difference is very high, posing a risk of losses for investors in the short term.

Price of 9999 pure gold ring

As of 6 PM today, the price of 9999 Hung Thinh Vuong gold rings at DOJI is listed at 77.5-78.6 million VND/ounce (buying price - selling price), a decrease of 50,000 VND/ounce in both directions.

Saigon Jewelry Company listed the price of gold rings at 77.3-78.6 million VND/ounce (buying price - selling price); a decrease of 100,000 VND/ounce in the buying price and a decrease of 50,000 VND/ounce in the selling price.

In recent trading sessions, the price of gold rings has often fluctuated in the same direction as the global market. Investors can refer to the global market and expert opinions before making investment decisions.

World gold prices

As of 7:00 PM, the world gold price listed on Kitco was at $2,503 per ounce, down $18.1 per ounce.

World gold price trends. Source: Kitco

Gold price forecast

Global gold prices rose amid a decline in the US dollar index. As of 7:00 PM on August 31st, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 101.665 points (up 0.39%).

According to Kitco, gold prices are in "wait-and-see" mode as employment data will determine the monetary policy of the US Federal Reserve (FED) next week.

Kitco News' latest weekly gold survey shows investors are tempering their recent optimism about gold prices, while experts are evenly distributed in their predictions.

Fifteen analysts participated in Kitco News' gold survey. Five experts predicted that gold prices would rise next week. Five other analysts believed gold would fall lower next week. The remaining five experts predicted sideways trading for the precious metal.

Meanwhile, 199 votes were cast in Kitco's online poll. 112 retail traders expect gold prices to rise next week. Another 47 expect the yellow metal to trade lower, while 40 forecast prices to consolidate next week.

Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-318-vang-nhan-bat-dong-1387643.ldo