Domestic gold price today (August 2) remained stable at a high level of 121.4 million VND/tael for sale; meanwhile, world gold price continued to increase compared to yesterday morning, listed around 3,364 USD/ounce.
Domestic gold price today
The brands SJC, PNJ, and Bao Tin Minh Chau simultaneously stabilized the price of gold bars at 119.9 - 121.4 million VND/tael (buy - sell).
Phu Quy SJC buys 500,000 VND/tael lower than other gold brands, trading at 119.4 million VND/tael for buying and 121.4 million VND/tael for selling.
DOJI gold alone adjusted up 200,000 VND/tael in both directions and listed at 119.9 - 121.4 million VND/tael (buy - sell).
Domestic gold bar prices updated at 5am August 2 as follows:
Yellow | Area | Early morning 1-8 | Early morning 2-8 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 119.7 | 121.2 | 119.9 | 121.4 | + 200 | + 200 | |
Ho Chi Minh City | 119.7 | 121.2 | 119.9 | 121.4 | + 200 | + 200 | |
SJC | Ho Chi Minh City | 119.9 | 121.4 | 119.9 | 121.4 | - | - |
Hanoi | 119.9 | 121.4 | 119.9 | 121.4 | - | - | |
Danang | 119.9 | 121.4 | 119.9 | 121.4 | - | - | |
PNJ | Ho Chi Minh City | 119.9 | 121.4 | 119.9 | 121.4 | - | - |
Hanoi | 119.9 | 121.4 | 119.9 | 121.4 | - | - | |
Bao Tin Minh Chau | Nationwide | 119.9 | 121.4 | 119.9 | 121.4 | - | - |
Phu Quy SJC | Nationwide | 119.4 | 121.4 | 119.4 | 121.4 | - | - |
 |
| Domestic gold bar price today (August 2) remained stable at a high level of 121.4 million VND/tael sold. Illustration photo: DOJI |
Domestic gold ring price today
The domestic gold ring price today was kept unchanged by brands compared to yesterday morning, listed at the highest price of 119.2 million VND/tael for sale. Only Phu Quy and DOJI brand gold rings decreased by 100,000 and 200,000 VND/tael respectively.
Specifically, SJC listed the price of gold rings at 114.6 - 117.1 million VND/tael (buy - sell), unchanged from yesterday morning.
PNJ traded gold rings at 115.1 - 118.1 million VND/tael, stable in both directions.
Bao Tin Minh Chau gold rings are also stable in both directions, currently trading at 116.2 - 119.2 million VND/tael (buy - sell).
Meanwhile, Phu Quy reduced the price of gold rings by VND100,000/tael in both directions, trading at VND114.9 - 117.9 million/tael.
DOJI reduced the price of gold rings by 200,000 VND/tael in both directions, trading at 116 - 118.5 million VND/tael.
World gold price today
In the world gold market, the spot gold price today increased compared to yesterday morning, listed around 3,364 USD/ounce (equivalent to 107.3 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).
World gold prices generally increased by 73 USD/ounce (equivalent to 2.22%) in the past 24 hours.
Currently, world gold price is about 14 million VND/tael lower than domestic gold price.
 |
World gold price today increased compared to yesterday morning, listed around 3,364 USD/ounce. Illustration photo: VGP |
Gold prices are making an impressive recovery at the end of the week, soaring close to the important resistance level of $3,400/ounce, amid weak US labor market data that raised expectations that the US Federal Reserve (FED) will cut interest rates in September.
According to data released by the US Bureau of Labor Statistics yesterday (August 1), the US non-farm payroll increased by only 73,000 jobs in July, a figure significantly lower than economists' predictions - with a job increase of about 106,000.
In addition to the disappointing numbers, downward revisions to the May and June jobs data have also significantly changed the outlook for the labor market. The updated figures show that only 14,000 jobs were created in June and 19,000 in May.
According to some experts, the weaker-than-expected jobs report undermined confidence in the US economy, putting pressure on the USD as the market expected the FED to lean heavily towards easing interest rates. For gold, this data reinforced its role as a hedge against risks, helping gold prices rise as investors sought safety.
Meanwhile, some analysts say economic uncertainty from US President Donald Trump’s global trade war and tariffs will continue to bolster haven demand for gold, as tariffs cause countries to conduct fewer transactions in US dollars, and gold is an alternative asset.
MR. PHUONG
*Please visit the Economics section to see related news and articles.
Source: https://baolamdong.vn/gia-vang-hom-nay-2-8-thi-truong-the-gioi-bat-tang-manh-386146.html
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