Gold price today (August 1), DOJI brand gold bars increased in both directions and traded at a high level, while gold bars and gold rings of most brands remained unchanged compared to yesterday.
This afternoon (August 1), the gold price in the domestic market is listed specifically as follows:
SJC gold in Hanoi and Da Nang: 119.9 million VND/tael for buying, 121.4 million VND/tael for selling (same price as yesterday in both directions).
SJC Phu Quy Gold: 119.4 million VND/tael for buying, 121.4 million VND/tael for selling (same price as yesterday in both directions).
DOJI Gold in Hanoi and Ho Chi Minh City: 119.9 million VND/tael for buying, 121.4 million VND/tael for selling (increased 200,000 VND/tael compared to yesterday's price in both directions).
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Gold price today (August 1): DOJI gold price increases. Illustration photo: baohatinh.vn |
The price of SJC gold bars at Bao Tin Minh Chau Company Limited was traded by the enterprise at 119.9 million VND/tael for buying, 121.4 million VND/tael for selling (equal to yesterday's price in both directions). The price of plain round gold rings was traded by the enterprise at 116.2 million VND/tael for buying, 119.2 million VND/tael for selling (equal to yesterday's price in both directions).
PNJ gold rings in Ho Chi Minh City and Hanoi: 115.1 million VND/tael for buying, 118.1 million VND/tael for selling (same price as yesterday in both directions).
Thus, early this afternoon (August 1), the price of gold bars and gold rings remained unchanged, except for DOJI gold bars, which increased by VND200,000/tael compared to yesterday's price in both directions.
On the world market, this afternoon (August 1), the spot gold price stood at 3,293.3 USD/ounce.
Commenting on the gold price trend, according to experts, in the context of geopolitical tensions, conflicts or economic crises, gold is considered the leading safe haven asset. This demand for shelter can overwhelm the impact of interest rates. When interest rates are low, the risk of inflation can increase. Gold is considered a tool against inflation, helping to preserve the value of assets when the purchasing power of currency decreases. Therefore, in an environment of high inflation or rising inflation expectations, the demand for gold often increases, pushing gold prices up.
Some market analysts say that gold prices below $3,300 an ounce have created great attraction, encouraging traders to buy. This is especially true in the current economic context with many uncertainties, along with threats of additional tariffs from the administration of US President Donald Trump.
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Source: https://baolamdong.vn/gia-vang-chieu-nay-1-8-vang-mieng-doji-tang-gia-385239.html
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