Update on the closing price of gold on August 31: Gold rings are still

Illustration: Phan Anh

Update SJC gold price

Domestic SJC gold price closed on August 31, 2024.

SJC gold price movements last month. Source: Rong Viet Online Services JSC VDOS

Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is so high that investors face the risk of losing money when investing in the short term.

Price of round gold ring 9999

As of 6:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 77.5-78.6 million VND/tael (buy - sell), down 50,000 VND/tael in both directions.

Saigon Jewelry Company listed the price of gold rings at 77.3-78.6 million VND/tael (buy - sell); down 100,000 VND/tael for buying and down 50,000 VND/tael for selling.

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

World gold price

As of 7:00 p.m., the world gold price listed on Kitco was at 2,503 USD/ounce, down 18.1 USD/ounce.

World gold price developments. Source: Kitco

Gold price forecast

World gold prices increased in the context of the USD index decreasing. Recorded at 7:00 p.m. on August 31, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 101.665 points (up 0.39%).

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

The latest Kitco News weekly gold survey shows investors are reining in their recent optimism on gold prices, while experts are evenly divided on their forecasts.

Fifteen analysts took part in the Kitco News gold survey. Five forecast gold prices to rise next week. Five see gold falling lower next week. The remaining five see 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 see prices consolidating next week.

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