Gold price today 1-9: Just opened and increased very strongly

On the morning of September 1, the price of SJC gold bars continued to be maintained by large enterprises such as PNJ, SJC, DOJI at a high level of 129.1 million VND/tael for buying and 130.6 million VND/tael for selling, stable compared to yesterday.

Some companies such as Mi Hong raised the buying price of SJC gold bars by VND500,000 higher than other companies. The difference between buying and selling prices of gold bars is only VND1-1.5 million/tael, reflecting that trading demand is not too active, mainly people asking to buy gold.

In the free market, some small shops in Ho Chi Minh City and Hanoi adjusted the price of gold bars slightly down to 131.5 million VND/tael for buying and 132.5 million VND/tael for selling, down 100,000 VND compared to yesterday and nearly 2 million VND/tael higher than at large gold companies.

Giá vàng hôm nay 1-9: Vừa mở cửa đã tăng rất mạnh- Ảnh 2. — Domestic gold price remains at peak

Following the trend of gold bars, the price of 99.99% gold rings and jewelry gold is also listed at a high level, 122.5 million VND/tael for buying and 125 million VND/tael for selling, stable compared to yesterday after a week of increasing by millions of VND.

The domestic gold market mainly fluctuates in price, the demand for gold remains high but the supply is scarce and there are no sellers. Every day, some gold companies in Ho Chi Minh City only sell a limited amount of gold bars or gold rings due to the lack of supply, while many people still line up to buy gold. This development causes the gold price to continuously set new peaks.

World gold price is 20 million VND lower than SJC gold

At the same time, domestic gold prices also increased following strong fluctuations in world prices. In the international market, gold prices just opened the new trading week and increased by 10 USD/ounce, to 3,458 USD/ounce.

Gold prices have not stopped rising after reaching around 80 USD last week (equivalent to an increase of 2.5 million VND).

Gold is becoming an attractive investment channel again, attracting cash flow in the context of investors' concerns about the US economy, rising inflation and the US Federal Reserve (FED) cutting interest rates from early September.

The cooling of the USD price also supports the upward trend of gold prices. The USD index (DXY) in the international market is at 97.7 points, falling below the 98 point mark and continuing the downward trend over the past week.

Although the world gold price has increased, it is still much lower than the domestic gold price. Currently, the precious metal converted according to the exchange rate listed at Vietcombank this morning is about 110.4 million VND, lower than SJC gold bars by over 20 million VND per tael.

This is a record difference in recent times and the market is waiting for intervention moves to narrow the gap between domestic and world gold prices from the management agency.