Domestic gold price today 9/9
Early morning 9/9, the price of gold 9999 of SJC today was unchanged compared to yesterday's end.
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 8:34 and gold price 9999 is listed by Doji Jewelry Group at 8:40 as follows:
| Buy into | Sold out | |
| SJC Hanoi | 68.050.000 VND/tael | 68.770.000 VND/tael |
| SJC HCMC | 68.050.000 VND/tael | 68.750.000 VND/tael |
| SJC Da Nang | 68.050.000 VND/tael | 68.770.000 VND/tael |
| Doji Hanoi | 68.050.000 VND/tael | 68.850.000 VND/tael |
| Doji Ho Chi Minh City | 68.100.000 VND/tael | 68.800.000 VND/tael |
SJC and DOJI gold price list updated early in the morning of June 9
Closing the session on April 8, the price of 9 gold bars at SJC Ho Chi Minh City was 9999 million dong/tael (buying in) and 68,05 million dong/tael (sold out). SJC Hanoi listed at 68,75 million dong/tael (buying in) and 68,05 million dong/tael (sold out).
Doji Hanoi listed at 68,05 million dong/tael (buy in) and 68,95 million dong/tael (sold out). Doji Ho Chi Minh City bought SJC gold at 68,1 million dong/tael, sold at 68,8 million dong/tael.
Central exchange rate on 8/9 announced by the State Bank is 23.993 VND/USD. USD price at commercial banks this morning (April 9) was trading around 9 VND/USD (buying in) and 23.890 VND/USD (selling out).
International gold price today 9/9
At 9:45 am today (May 9, Vietnam time), the world spot gold price stood around the threshold of 1.918,7 USD/ounce, down 4,3 USD/ounce compared to last night. Gold futures for August delivery on Comex New York were at $12 per ounce.
Morning 9/9, world gold converted at the bank's USD price is nearly 56,12 million dong/tael (excluding taxes and fees), about 12,65 million dong/tael lower than the domestic gold price.
On the world market, spot gold on the Kitco floor July 8 (at 9pm, Vietnam time) traded at $20 per ounce.
According to a report by the US Department of Commerce, increased imports caused the trade deficit to increase slightly in July 7. The US trade deficit widened to $2023 billion in July, from $65 billion in June. Strong consumer spending boosted US trade.
The USD fell 0,1%, but headed for its longest rising period due to a series of strong US economic data. The Bloomberg Dollar Spot Index increased for the 8th consecutive week, the longest increase since January 1.
Meanwhile, the US Federal Reserve (Fed) said the Fed may stop raising interest rates at its meeting this month, but needs to continue efforts to control inflation.
The 10-year US Treasury bond yield is around 4,27%.
The market awaits the August consumer price index report next week.
Gold price forecast
According to CME's FedWatch tool, traders are currently predicting a 93% probability of the Fed keeping interest rates unchanged at its September meeting.
JPMorgan Bank said the trend of increasing gold reserves of central banks from 2022 has caused investors to allocate more capital to this safe haven asset. Investment in gold has increased to its highest level since 2012.
According to experts, gold is in a state of short-term technical price decline. The upward trend in gold prices is weak and difficult to break through. The market waits for economic information and developments from the Fed on interest rates to have strong direction in the near future.
