Gold rings reversed and decreased slightly, gold bars continued to be "quiet"

Domestic gold price this afternoon July 3, 2024

At the time of survey at 2:00 p.m. on July 3, 2024, the gold price today, July 3, on the trading floors of some companies was as follows:

The price of SJC gold listed by the gold house is 74.98 million VND/tael for buying and 76.98 million VND/tael for selling.

The price of 9999 gold this afternoon was listed by DOJI at 74.98 million VND/tael for buying and 76.98 million VND/tael for selling.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 76.20 - 76.98 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 75.50 - 76.98 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.00 - 76.98 million VND/tael (buy in - sell out).

SJC gold bars continued to record a 27th day of stagnation with the buying price at 74.98 million VND/tael and the selling price at 76.98 million VND/tael. Currently, the difference between domestic gold price and world gold price is 4.3 million VND/tael.

Gold rings in today's trading session recorded a slight decrease with a decrease of about 50,000 - 200,000 VND/tael compared to yesterday. Currently, the common buying price is at 74-75 million VND/tael, while the selling price is about 75.7-76.0 million VND/tael.

Specifically, SJC Company reduced 50,000 VND/tael compared to yesterday to 74.0-75.7 million VND/tael. DOJI Group also reduced 100,000 VND/tael to 74.8-76.1 million VND/tael. At Bao Tin Minh Chau, plain round gold rings were traded by businesses at 74.86 million VND/tael for buying and 76.16 million VND/tael for selling, down 200,000 VND/tael.

The central exchange rate listed by the State Bank is 24,258 VND/USD, up 5 VND/USD. The USD price at commercial banks is traded around 25,220 VND/USD for buying and 25,470 VND/USD for selling.

Gold price today July 3, 2024, SJC gold price, 9999 gold price, 24k gold price, 18k gold price July 3, 2024. Photo: Tra My

1. DOJI – Updated: 07/03/2024 14:31 – Source website time – ▼ / ▲ Compared to yesterday.
Type	Buy	Sell ​​out
AVPL/SJC HN	74,980	76,980
AVPL/SJC HCM	74,980	76,980
AVPL/SJC DN	74,980	76,980
Raw materials 9999 – HN	74,400 ▲150K	75,000 ▲150K
Raw materials 999 – HN	74,300 ▲150K	74,900 ▲150K
AVPL/SJC Can Tho	74,980	76,980

2. PNJ – Updated: 07/03/2024 14:32 – Website supply time – ▼ / ▲ Compared to yesterday.
Type	Buy	Sell ​​out
HCMC – PNJ	74,100 ▲150K	75,800 ▲200K
HCMC – SJC	74,980	76,980
Hanoi – PNJ	74,100 ▲150K	75,800 ▲200K
Hanoi – SJC	74,980	76,980
Da Nang – PNJ	74,100 ▲150K	75,800 ▲200K
Da Nang – SJC	74,980	76,980
Western Region – PNJ	74,100 ▲150K	75,800 ▲200K
Western Region – SJC	74,980	76,980
Jewelry gold price – PNJ	74,100 ▲150K	75,800 ▲200K
Jewelry gold price – SJC	74,980	76,980
Jewelry gold price – Southeast region	PNJ	74,100 ▲150K
Jewelry gold price – SJC	74,980	76,980
Jewelry gold price – Jewelry gold price	PNJ Ring (24K)	74,100 ▲150K
Jewelry Gold Price – 24K Jewelry	74,000 ▲100K	74,800 ▲100K
Jewelry Gold Price – 18K Jewelry	54,850 ▲70K	56,250 ▲70K
Jewelry Gold Price – 14K Jewelry	42,510 ▲60K	43,910 ▲60K
Jewelry Gold Price – 10K Jewelry	29,870 ▲40K	31,270 ▲40K

World gold price today July 3, 2024 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 2:00 p.m. today, Vietnam time, was 2,332.66 USD/ounce. Today's gold price increased by 6.4 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70.679 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 4.301 million VND/tael higher than the international gold price.

Gold price fluctuation chart in the last 24 hours

World spot gold stood at 2,332.66 USD/ounce, up 6.4 USD/ounce compared to the same trading session yesterday. The precious metal suddenly increased again in the context of the US Dollar falling from the 106 point mark to 105.8 points in today's trading session.

Markets are paying attention to comments from Federal Reserve Chairman Jerome Powell and European Central Bank President Christine Lagarde on Tuesday morning. Mr. Powell said that the Fed has made a lot of progress in getting inflation back to its 2% target, while the labor market remains strong and growth continues. The Fed wants this process to continue.

Gold price forecast

Phillip Streible, an analyst at Blue Line Futures, commented that the gold market is very sensitive to any discussion about interest rates or anything related to the Fed's monetary policy. Therefore, most gold investors are still in the wait and see phase.

Precious metals still tend to rebound quickly every time they fall to the threshold of 2,300 USD/ounce. Demand for gold is forecast to be very high. In May, the People's Bank of China (PBOC) unexpectedly stopped buying gold, ending the previous 18-month net buying streak. Many other central banks also reduced their purchases.

Many forecasts say that PBOC will continue to buy gold because the proportion of gold in the country's foreign exchange reserves is still very low, only 4.9%. Meanwhile, Beijing wants to reduce its dependence on the USD.

Source: https://congthuong.vn/gia-vang-chieu-nay-372024-vang-nhan-dao-chieu-giam-nhe-vang-mieng-tiep-tuc-lang-song-329749.html