Domestic gold price today
Early morning of June 9 , SJC gold price 9999 today increased by 100 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:42 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:34 a.m. as follows:
Buy | Sell | |
SJC Hanoi | 66,500,000 VND/tael | 67,120,000 VND/tael |
SJC HCMC | 66,500,000 VND/tael | 67,100,000 VND/tael |
SJC Danang | 66,500,000 VND/tael | 67,120,000 VND/tael |
Doji Hanoi | 66,400,000 VND/tael | 67,000,000 VND/tael |
Doji HCMC | 66,450,000 VND/tael | 66,950,000 VND/tael |
SJC and DOJI gold price list updated early morning June 9
At the end of the trading session on June 8, the price of 9999 gold bars at SJC Ho Chi Minh City was 66.4 million VND/tael (buy) and 67 million VND/tael (sell). SJC Hanoi listed at 66.4 million VND/tael (buy) and 67.02 million VND/tael (sell).
Doji Hanoi listed at 66.4 million VND/tael (buy) and 67 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 66.45 million VND/tael and sold at 66.95 million VND/tael.
The central exchange rate on June 9 announced by the State Bank is 23,717 VND/USD, up 3 VND compared to yesterday. The USD price at commercial banks this morning (June 9) was traded around 23,290 VND/USD (buy) and 23,660 VND/USD (sell).
International gold price today
At 9:27 a.m. today (June 9, Vietnam time), the world spot gold price stood at around 1,964 USD/ounce, down 1 USD/ounce compared to last night. The price of gold futures for August delivery on the Comex New York floor was at 1,979.3 USD/ounce.
On the morning of June 9 , world gold converted to USD bank price was over 56.02 million VND/tael (excluding tax and fees), about 11.1 million VND/tael lower than domestic gold price.
On the world market, the spot gold price on June 8 (Vietnam time) was trading at 1,965 USD/ounce. The futures gold price was trading at 1,966 USD/ounce.
According to the US Department of Labor, the number of people applying for unemployment benefits increased to 242,000 people per week, the highest level since October 2021. This number is higher than economists' forecasts.
Disappointing jobs data provided a boost to gold prices. Gold futures for August delivery were trading at $1,969.60 an ounce, up 0.58% on the day.
Some analysts say that the employment data is supportive for gold. At the same time, this is an important figure that affects the decision of the Federal Reserve (Fed). Many opinions say that the tight monetary policy is about to end.
Gold Price Forecast
The CME FedWatch tool shows that the market sees a 73% chance that the Fed will keep interest rates unchanged next week, while there is a 50% chance of a July adjustment.
The yield on the 10-year US Treasury note rose to its highest level in more than a week after the Bank of Canada raised interest rates.
Gold prices are always sensitive to US interest rate adjustments. Interest rates increase, the USD strengthens, gold is no longer attractive.
DailyFX analyst Warren Venketas said that gold prices will fluctuate between $1,980-1,985/ounce.
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