On the morning of August 8, the world gold price increased by 8 USD, to 3,385 USD/ounce. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 107.7 million VND/tael (excluding taxes and fees). Domestically, after soaring past the old peak of over 124 million VND/tael yesterday afternoon, gold bars at Saigon Jewelry Company - SJC decreased again and are currently being bought for 122.6 million VND, sold for 124 million VND. The difference in buying and selling prices of gold bars at SJC remains at 1.4 million VND/tael.
Compared to yesterday's peak, each tael of gold has decreased by 100,000 VND. However, each tael of SJC gold is still 16.3 million VND more expensive than the world price .
Gold price on the morning of August 8 was at its peak and was 16.3 million VND/tael more expensive than the world price. PHOTO: NGOC THANG
As for gold rings, the price remained unchanged. SJC Company maintained the buying price of 116.8 million VND and selling price of 119.3 million VND as yesterday; Phu Nhuan Jewelry Company (PNJ) continued to buy gold rings for 117.5 million VND and sell for 120 million VND; Doji Group bought for 117.5 million VND and sold for 120 million VND; Bao Tin Minh Chau bought for 117.8 million VND and sold for 120.8 million VND...
Gold prices rose to their highest level in more than two weeks yesterday, boosted by safe-haven demand after US President Donald Trump's tariff policy officially took effect and US employment data reinforced expectations of interest rate cuts. Notably, according to recent Financial Times news, the US has imposed tariffs on 1 kg gold bars. This move threatens to upset the global bullion market and deal a heavy blow to Switzerland - the world's largest gold refining center. 1 kg gold bars are the most popular form of trading on the Comex floor, the world's largest gold futures market and account for the majority of Switzerland's bullion exports to the US. Previously, the US announced a 39% reciprocal tariff on imports from Switzerland. Currently, gold is one of Switzerland's largest exports to the US.
In addition, the number of Americans filing for unemployment benefits for the first time rose to a one-month high last week, indicating a weakening of the US labor market. This also increased capital flows into safe assets such as gold./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-882025-sjc-giu-muc-ky-luc-dat-hon-the-gioi-tren-16-trieu-185250808065938145.htm
Source: https://baolongan.vn/gia-vang-hom-nay-08-8-sjc-giu-muc-ky-luc-dat-hon-the-gioi-tren-16-trieu-a200311.html
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