Gold price today (August 3): SJC gold bar and gold ring prices increased sharply by 2.1 million VND/tael, reaching 123.5 million VND/tael in the selling price. World gold prices also increased sharply before closing at the end of the week trading session.
Domestic gold bar price today
The price of domestic gold bars increased sharply compared to yesterday morning. On the morning of August 3, gold bars of the brands SJC, DOJI , PNJ, Bao Tin Minh Chau were bought at 121.5 million VND/tael, an increase of 1.6 million VND/tael; sold at 123.5 million VND/tael, an increase of 2.1 million VND/tael compared to yesterday morning.
Particularly, Phu Quy SJC brand gold bars are being bought at a price 1 million VND lower than other brands. Phu Quy gold bars are bought at 120.5 million VND/tael, an increase of 1.1 million VND/tael; sold at 123.5 million VND/tael, an increase of 2.1 million VND/tael compared to this morning.
Domestic gold bar prices updated on the morning of August 3 as follows:
Yellow | Area | Early morning 2-8 | Early morning 3-8 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 | |
Ho Chi Minh City | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 | |
SJC | Ho Chi Minh City | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 |
Hanoi | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 | |
Danang | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 | |
PNJ | Ho Chi Minh City | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 |
Hanoi | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 | |
Bao Tin Minh Chau | Nationwide | 119.9 | 121.4 | 121.5 | 123.5 | +1,600 | +2,100 |
Phu Quy SJC | Nationwide | 119.4 | 121.4 | 120.5 | 123.5 | +1,100 | +2,100 |
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Gold price today (August 3): SJC gold bar and gold ring prices have increased by 2.1 million VND/tael, to 123.5 million VND/tael in the selling price. |
Domestic gold ring price today
Today's ring gold price (August 3) of various brands increased from 1 million to 2.1 million VND/tael compared to yesterday morning.
Specifically, SJC bought gold rings at 116.5 million VND/tael and sold at 119 million VND/tael, an increase of 1.9 million VND/tael in both directions.
DOJI traded gold rings at 117 - 119.5 million VND/tael, up 1 million VND/tael in both directions.
Bao Tin Minh Chau gold rings increased by 1 million VND/tael in both directions compared to yesterday morning, currently trading at 117.2 - 120.2 million VND/tael (buy - sell).
PNJ buys gold rings at 117 million VND/tael, an increase of 2.1 million VND/tael; sells at 119.5 million VND/tael, an increase of 1.4 million VND/tael.
Phu Quy traded gold rings at 116.2 - 119.2 million VND/tael, up 1.3 million VND/tael in both directions.
World gold price today
World gold prices increased today, with spot gold prices at 3,364 USD/ounce. World gold prices generally increased by 2.22% in the past 24 hours, equivalent to an increase of 73 USD/ounce.
With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,292.2 USD/ounce (equivalent to about 107.3 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 16.2 million VND/tael.
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| World gold prices increased sharply over the weekend. Illustrative photo |
Gold prices rose 2% on Friday, hitting a one-week high, after weaker-than-expected U.S. jobs data reinforced expectations of a Federal Reserve interest rate cut. New tariff announcements also boosted demand for safe-haven assets.
Spot gold hit its highest since July 25, rising 1.8% to $3,347.66 an ounce at around 5:48 a.m. GMT (12:48 p.m. ET) on Aug. 1. For the week, the precious metal rose 0.4%. U.S. gold futures rose 1.5% to $3,399.80 an ounce.
"The jobs data was lower than expected, but a little higher than the market was expecting. This increases the likelihood of a Fed rate cut later this year," said Bart Melek, head of commodity strategy at TD Securities.
According to the US Labor Department, job growth in the country was slower than expected, with only 73,000 non-farm jobs created in July. Market participants now expect two interest rate cuts by the end of the year, starting in September.
Earlier this week, the US central bank kept interest rates unchanged at 4.25% to 4.50%, with Fed Chairman Jerome Powell saying: "We haven't made any decisions regarding September."
“We are in a situation where inflationary pressures are still ongoing, driven by tariffs and wages, even if the jobs numbers are not very good. If the Fed cuts rates in this context, that would have a significant positive impact on gold,” Mr. Melek added.
On the trade front, US President Donald Trump’s latest wave of tariffs on exports from dozens of trading partners, including Canada, Brazil and India, has sent global markets tumbling, with affected countries calling for talks to secure better deals.
According to the CME FedWatch Tool, the market is now pricing in a 92% chance that the Fed will ease policy in September. On Thursday, the market was pricing in just a 38% chance of a cut.
Jamie Cox, managing partner at Harris Financial Group, said the Fed may regret its decision to hold rates steady earlier this week. “September is definitely the time to cut rates, perhaps even by 50 basis points to make up for lost time,” he said.
With a sharp shift in interest rate expectations, gold is likely to surge to $3,400 an ounce, according to Naeem Aslam, chief investment officer at Zaye Capital Markets.
THU UYEN
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Source: https://baolamdong.vn/gia-vang-hom-nay-3-8-vang-mieng-sjc-va-vang-nhan-tang-manh-386219.html
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