Domestic gold price today 8/9
Early afternoon on July 8, the price of 9999 gold of SJC today decreased by 150 thousand dong/tael in both buying and selling afternoon compared to the morning.
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 14:34 and gold price 9999 is listed by Doji Jewelry Group at 15:15 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 | 68.950.000 VND/tael |
| Doji Ho Chi Minh City | 68.100.000 VND/tael | 68.800.000 VND/tael |
Gold price list SJC and DOJI updated early afternoon 8/9
Early morning 8/9, SJC's 9999 gold price today increased by 150 VND/tael on the buying side and 250 VND/tael on the selling side compared to yesterday's session.
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 8:28 and gold price 9999 is listed by Doji Jewelry Group at 8:49 as follows:
| Buy into | Sold out | |
| SJC Hanoi | 68.200.000 VND/tael | 68.920.000 VND/tael |
| SJC HCMC | 68.200.000 VND/tael | 68.900.000 VND/tael |
| SJC Da Nang | 68.200.000 VND/tael | 68.920.000 VND/tael |
| Doji Hanoi | 68.100.000 VND/tael | 68.900.000 VND/tael |
| Doji Ho Chi Minh City | 68.000.000 VND/tael | 68.700.000 VND/tael |
SJC and DOJI gold price list updated early in the morning of June 8
Closing the session on April 7, 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 68,65 million dong/tael (buying in) and 68,05 million dong/tael (sold out).
Doji Hanoi listed at 67,9 million dong/tael (buy in) and 68,65 million dong/tael (sold out). Doji Ho Chi Minh City bought SJC gold at 67,8 million dong/tael, sold at 68,5 million dong/tael.
Central exchange rate on 8/9 announced by the State Bank at 23.993 VND/USD, an increase of 14 VND compared to yesterday. Price USD At commercial banks this morning (September 8), it was traded around 9 VND/USD (buying) and 23.870 VND/USD (selling).
International gold price today 8/9
At 9:02 am today (July 8, Vietnam time), the world spot gold price stood around the threshold of 1.925,4 USD/ounce, down 13,6 USD/ounce compared to last night. Gold futures for December delivery on the Comex New York exchange were at $12 per ounce.
On the morning of June 8, World gold converted to bank USD price is nearly 56,27 million VND/tael (excluding taxes and fees), about 12,65 million VND/tael lower than the domestic gold price.
On the world market, gold price Spot delivery on Kitco September 7 (at 9:20 p.m., Vietnam time) traded at 1.939 USD/ounce.
According to the US Department of Labor, the number of weekly unemployment benefit applications decreased by 13.000 to 216.000 applications, lower than forecast. The gold market is negatively affected by this information.
December gold futures price was trading at 12 USD/ounce, down 1.941,10% on the day.
According to some analysts, better jobs data has had an impact on the market, reducing concerns about a recession. Recent economic data is said to be the basis for the US Federal Reserve (FED) to stop tightening monetary policy.
According to CME's FedWatch tool, markets are projecting a 93% chance that the Fed will pause interest rate hikes in September 9.
Meanwhile, the USD reached its highest level since March 16. US Treasury bond interest rates continue to increase.
Gold price forecast
Gold's 200-day average is around $1.920 an ounce, said Matt Simpson, senior analyst at City Index. Gold prices may decrease if interest rates continue to increase sharply.
Market research firm NAB Commodities Research forecasts gold prices to recover when the Fed will cut interest rates in 2024.
Before that, gold prices will increase to an average of 1.968 USD/ounce in the last quarter of this year.
