Gold price today (August 1): The domestic price of SJC gold bars this morning changed direction compared to yesterday morning, decreasing by 300,000 VND/tael, currently being bought at 121.4 million VND/tael. Meanwhile, the world gold price turned to increase slightly before the deadline for ending tariff negotiations on August 1 (Washington time) by US President Donald Trump.
Domestic gold ring price today
Today's gold ring price (August 1) of brands decreased from 100,000 to 300,000 VND/tael compared to yesterday morning.
Specifically, SJC listed the price of gold rings at 114.6 - 117.1 million VND/tael (buy - sell), down 100,000 VND/tael in both directions.
DOJI traded gold rings at 115.8 - 118.3 million VND/tael, down 300,000 VND/tael in both directions.
Bao Tin Minh Chau gold rings decreased by 100,000 VND/tael in both directions, currently trading at 116.2 - 119.2 million VND/tael (buy - sell).
PNJ traded gold rings at 115.1 - 118.1 million VND/tael, down 300,000 VND/tael in both directions compared to yesterday morning.
Phu Quy traded gold rings at 115 - 118 million VND/tael, down 200,000 VND/tael in both directions compared to yesterday morning.
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Gold price today (August 1) decreased by 100,000 - 300,000 VND/tael depending on the brand. Illustration photo: suckhoedoisong.vn |
Domestic gold bar price today
The domestic gold bar price decreased slightly by 100,000 - 300,000 VND/tael compared to yesterday morning. On the morning of August 1, gold bars of the SJC, PNJ, and Bao Tin Minh Chau brands were bought at 119.9 million VND/tael and sold at 121.4 million VND/tael, down 100,000 VND/tael compared to yesterday morning.
DOJI brand gold bars were bought at 119.7 million VND/tael, sold at 121.2 million VND/tael, down 300,000 VND/tael compared to yesterday morning.
Particularly, Phu Quy SJC brand gold bars are being bought at a price 500,000 VND lower than other brands, listed at 119.4 million VND/tael for buying and 121.4 million VND/tael for selling, down 100,000 VND/tael compared to yesterday morning.
Domestic gold bar prices updated on the morning of August 1 as follows:
Yellow | Area | Early morning 31-7 | Early morning 1-8 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 120 | 121.5 | 119.7 | 121.2 | -300 | -300 | |
Ho Chi Minh City | 120 | 121.5 | 119.7 | 121.2 | -300 | -300 | |
SJC | Ho Chi Minh City | 120 | 121.5 | 119.9 | 121.4 | -100 | -100 |
Hanoi | 120 | 121.5 | 119.9 | 121.4 | -100 | -100 | |
Danang | 120 | 121.5 | 119.9 | 121.4 | -100 | -100 | |
PNJ | Ho Chi Minh City | 120 | 121.5 | 119.9 | 121.4 | -100 | -100 |
Hanoi | 120 | 121.5 | 119.9 | 121.4 | -100 | -100 | |
Bao Tin Minh Chau | Nationwide | 120 | 121.5 | 119.9 | 121.4 | -100 | -100 |
Phu Quy SJC | Nationwide | 119.5 | 121.5 | 119.4 | 121.4 | -100 | -100 |
World gold price today
World gold prices increased slightly today, with spot gold prices at 3,292.2 USD/ounce. World gold prices generally increased by 0.11% in the past 24 hours, equivalent to a decrease of 3.7 USD/ounce.
With the domestic gold bar price decreasing and the world gold price listed at Kitco at 3,292.2 USD/ounce (equivalent to about 104.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 16.7 million VND/tael.
Gold prices rose on Thursday as investors turned to the traditional safe haven as tariff uncertainty remained ahead of U.S. President Donald Trump’s August 1 deadline for trade talks to end.
Spot gold rose 0.6% to $3,294.56 an ounce at 2 p.m. ET on July 31 (1 a.m. on August 1, Hanoi time), after rising more than 1% earlier in the day. US gold futures closed down 0.1% at $3,348.60 an ounce.
“We’re seeing increased trade uncertainty as the August 1 tariff deadline approaches. It’s a slight resurgence in safe-haven demand,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.
President Donald Trump said he has agreed to extend the existing trade deal with Mexico for 90 days and continue discussions during that time with the aim of signing a new deal. The move comes a day after a series of new tariff announcements were made on Wednesday, including on imports from Brazil and South Korea, as the deadline for US tariffs approached.
US inflation rose in June as import tariffs began to make some products more expensive. The Personal Consumption Expenditures (PCE) index, a key gauge of the health of the US economy, rose 0.3% last month, after a revised 0.2% increase in May. Meanwhile, the US Federal Reserve kept interest rates unchanged at 4.25% to 4.50% on Wednesday, and comments from Fed Chairman Jerome Powell following the decision dampened hopes of a rate cut in September.
Gold typically benefits from low interest rates because it is a non-yielding asset. Investors are now waiting for U.S. nonfarm payrolls data, due on Aug. 1, for further clues on the Fed’s interest rate path.
THU UYEN
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Source: https://baolamdong.vn/gia-vang-hom-nay-1-8-vang-mieng-sjc-giam-vang-the-gioi-tang-nhe-384603.html
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