In the domestic market, in recent days, the price of gold of domestic brands has witnessed a continuous increase, continuously setting new records. This morning (September 5), the price of gold continued to increase to an unprecedented high of 134.4 million VND/tael.
Currently, the domestic gold bar price is about 21 million VND/tael higher than the world price (excluding taxes and fees).
Specifically, at 8:30 a.m. on September 5, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 132.9-134.4 million VND/tael, an increase of 500,000 VND compared to the previous session. The difference between buying and selling is 1.5 million VND/tael.
The price of SJC 9999 gold ring is 126.7 million VND/tael for buying and 129.2 million VND/tael for selling, an increase of 500,000 VND compared to the previous closing price. 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 132.9 million VND/tael for buying and 134.4 million VND/tael for selling, an increase of 500,000 VND/tael compared to the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 126.3-129.3 million VND/tael. The difference between buying and selling is up to 3 million VND/tael.
PNJ Gold is currently buying at 126.8 million VND/tael and selling at 129.8 million VND/tael.
As of 8:30 a.m. September 5 (Vietnam time), gold price World prices fell slightly by 4.1 USD compared to the previous session's close to 3,554 USD/ounce.
After a significant rally to new record highs earlier this week, the gold market has had a slight correction as investors rebalanced their positions to secure profits. However, according to some experts, gold prices still have room to rise higher as geopolitical and economic instability continues to dominate investor sentiment in the global market.
In her latest report on gold, Suki Cooper, Head of Commodity Research at Standard Chartered Bank, predicted that gold prices will average around $3,700 an ounce in the fourth quarter.
"The latest rally over the past week has been driven by a combination of factors, including continued tariff uncertainty, expectations of monetary easing, growing concerns about US debt and concerns about the independence of the US Federal Reserve (FED). Gold's appeal as a safe haven continues to grow ahead of the release of US employment data and the FED meeting in September," the expert said.
In her report, Ms. Cooper noted that gold not only hit a new record high against the US dollar, but also gained strongly against all major global currencies.
Currently, the USD-Index slightly decreased to 98.17 points; the yield on 10-year US Treasury bonds decreased to 4.153%; US stocks continued to set new peaks ahead of the FED's monetary policy meeting; oil prices decreased due to concerns that OPEC+ is considering increasing production, trading at 68.13 USD/barrel for Brent oil and 64.72 USD/barrel for WTI oil.
Source: https://baoquangninh.vn/gold-price-on-September-5-in-the-nuoc-tiep-da-tang-len-muc-ky-luc-moi-the-gioi-dao-chieu-giam-3374640.html
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