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| Photo: Thanh Dat |
In the domestic market, the price of gold brands is currently anchored at a record level. The price of SJC gold bars has returned to its historical peak of 126.6 million VND/tael, about 18 million VND/tael higher than the world price (excluding taxes and fees).
Specifically, at 1 p.m. on August 24, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 125.6-126.6 million VND/tael, unchanged from the previous session. The difference between buying and selling is 1 million VND/tael.
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| Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 13:00 on August 24. |
SJC 9999 gold ring price is 118.5 million VND/tael for buying and 121 million VND/tael for selling. The difference between buying and selling is 2.5 million VND/tael.
DOJI gold bar price in Hanoi and Ho Chi Minh City is trading at 125.6 million VND/tael for buying and 126.6 million VND/tael for selling, unchanged from the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 118.8-121.8 million VND/tael, unchanged from the previous closing price. The buying and selling difference was up to 3 million VND/tael.
PNJ Gold is currently buying at 118.5 million VND/tael and selling at 121.5 million VND/tael.
As of 1:00 p.m. on August 24 (Vietnam time), the world gold price increased by 33 USD compared to the previous closing price to 3,370.3 USD/ounce.
World gold prices rose to a weekly high this morning amid dovish comments from US Federal Reserve Chairman Jerome Powell, creating a solid optimism in the market as both Wall Street and Main Street expect higher prices next week.
Although the gold market continued to see sluggishness over the summer, the Fed has left the door open for rate cuts until the end of the year, said Ole Hansen, Head of Commodity Strategy at Saxo Bank.
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| World gold price chart on August 24. (Photo: kitco.com) |
In the short term, Ole Hansen believes that gold prices need to rise above $3,450 an ounce before returning to the record high of last April, above $3,500 an ounce.
Thirteen Wall Street analysts participated in the Kitco News gold survey this week, with eight (62%) bullish on gold next week. Five (38%) were neutral.
Meanwhile, 194 Main Street retail investors participated in Kitco News' online survey. 115 investors, or 59%, expect gold prices to rise next week. Another 35 investors, or 18%, see the precious metal falling. The remaining 44 investors, or 23%, see gold prices moving sideways.
Currently, the USD-Index is at 97.72 points; the yield on 10-year US Treasury bonds slightly decreased to 4.258%; US stocks peaked after the soft moves of the FED Chairman; oil prices closed the week slightly up, trading at 67.73 USD/barrel for Brent oil and 63.66 USD/barrel for WTI oil.
Source: Nhan Dan Newspaper
Source: https://baodongnai.com.vn/tin-moi/202508/gia-vang-ngay-24-8-vang-mieng-sjc-lien-tiep-pha-dinh-thiet-lap-cac-muc-ky-luc-moi-c340f0a/
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