Gold rings surge, gold bars plummet.

Updated SJC gold prices

Domestic SJC gold prices closed on September 5, 2024.

Gold price movements in SJC gold over the past month. Source: Rong Viet Online Services Joint Stock Company (VDOS).

Price of 9999 pure gold ring

As of 7 PM today, the price of 9999 Hung Thinh Vuong gold rings at DOJI is listed at 77.45-78.6 million VND/ounce (buying price - selling price); an increase of 50,000 VND/ounce in both buying and selling prices.

Saigon Jewelry Company listed the price of gold rings at 77.3 - 78.6 million VND/ounce (buying price - selling price); an increase of 100,000 VND/ounce in both directions.

Bao Tin Minh Chau lists the price of gold rings at 77.38-78.58 million VND/ounce (buying price - selling price); unchanged.

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Gold prices this afternoon, July 1, 2026: SJC gold price, 9999 gold ring price, and world gold price on Wednesday.Gold prices fell for the third consecutive session this afternoon, July 1, 2026, with gold bars dropping to 146.4 million VND/ounce, nearly 20 million VND higher than the world price.

Major Chinese banks have collectively halted individual gold trading.According to the South China Morning Post (SCMP), many major banks in China are simultaneously scaling back gold trading for individual customers amid volatile gold prices and continued tightening of controls on leveraged investment products by authorities.

World gold prices surged.Gold prices rose more than 2%, nearing $4,100 an ounce as US manufacturing activity slowed and the market reassessed the Fed's policy outlook.

In recent trading sessions, the price of gold rings has often fluctuated in the same direction as the global market. Investors can refer to the global market and expert opinions before making investment decisions.

World gold prices

As of 8:30 PM, the world gold price listed on Kitco was at $2,516 per ounce, a sharp increase of $27.7 per ounce.

Gold price forecast

Global gold prices rose amid a decline in the US dollar index. At 8:30 PM on September 5th, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 101.035 points (down 0.24%).

Gold prices rose as recent data increased the likelihood that the US Federal Reserve (FED) will implement a major interest rate cut this September.

Newly released data shows that the number of jobs in the US fell to its lowest level in three and a half years in July 2024, raising concerns about the health of the US economy. But this decline may not be enough to warrant the Fed cutting interest rates by 0.5 percentage points.

Investors will also be focusing on the US jobs report for August 2024, scheduled for release on Friday (September 6). Economists surveyed by Reuters expect an additional 165,000 jobs to be added in the US.

United States - Vietnam: Don't miss

Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Encourage U.S. businesses to expand investment in high-tech sectors.Deputy Prime Minister Ho Quoc Dung said that Vietnam welcomes US businesses to continue expanding their operations in Vietnam, especially in high-tech industries and sectors with high added value.

Currently, traders see a 31% chance that the Fed will cut interest rates by 50 basis points at its policy meeting on September 17-18, and a 69% chance that the Fed will cut rates by 25 basis points.

Tim Waterer, a market analyst at financial services firm KCM Trade, said investors are cautiously awaiting the US non-farm payrolls report. If the numbers fall short of expectations, this would increase the likelihood of a 50 basis point interest rate cut and push gold prices higher.

The expert added that gold prices may not yet reach their 2024 peak. He believes that $2,600 per ounce is a feasible target if the Fed implements a series of rapid interest rate cuts before the end of 2024.

In other precious metals markets, spot silver prices rose 0.3% to $28.37 per ounce. Platinum prices increased 1% to $911.58 per ounce.

Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-59-vang-nhan-bat-tang-vang-mieng-lao-doc-1389369.ldo