Gold rings reversed course and fell slightly, while gold bars remained stable.

Domestic gold prices this afternoon, July 3, 2024

As of 2:00 PM on July 3 , 2024, the price of gold on the exchanges of several companies was as follows:

The SJC gold price, as listed by gold dealers, is 74.98 million VND/ounce for buying and 76.98 million VND/ounce for selling.

This afternoon, DOJI listed the price of 9999 gold at 74.98 million VND/ounce for buying and 76.98 million VND/ounce for selling.

Meanwhile, at Mi Hong Gold and Gemstone Company, the price of SJC gold listed at the time of the survey was 76.20 - 76.98 million VND/ounce (buying price - selling price).

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is also being traded at 75.50 – 76.98 million VND/ounce (buying price – selling price). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.00 – 76.98 million VND/ounce (buying price – selling price).

SJC gold bars continue to remain unchanged for the 27th consecutive day, with the buying price at 74.98 million VND/ounce and the selling price at 76.98 million VND/ounce. Currently, the difference between domestic and international gold prices is 4.3 million VND/ounce.

Gold ring prices saw a slight decrease in today's trading session, falling by approximately 50,000 – 200,000 VND/ounce compared to yesterday. Currently, the common buying price is around 74-75 million VND/ounce, while the selling price is approximately 75.7-76.0 million VND/ounce.

Specifically, SJC Company reduced the price of gold by 50,000 VND/ounce compared to yesterday, down to 74.0-75.7 million VND/ounce. DOJI Group also reduced the price by 100,000 VND/ounce to 74.8-76.1 million VND/ounce. Meanwhile, at Bao Tin Minh Chau, plain gold rings were traded at 74.86 million VND/ounce for buying and 76.16 million VND/ounce for selling, a decrease of 200,000 VND/ounce.

The central exchange rate listed by the State Bank of Vietnam is 24,258 VND/USD, an increase of 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 prices today, July 3, 2024: SJC gold price, 9999 gold price, 24k gold price, 18k gold price. Photo: Tra My

1. DOJI – Updated: 03/07/2024 14:31 – Website time of supply – ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
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
Ingredients 999 – HN	74,300 ▲150K	74,900 ▲150K
AVPL/SJC Can Tho	74,980	76,980

2. PNJ – Updated: 03/07/2024 14:32 – Website time of source – ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
Ho Chi Minh City – PNJ	74,100 ▲150K	75,800 ▲200K
Ho Chi Minh City – 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
Gold jewelry prices – PNJ	74,100 ▲150K	75,800 ▲200K
Gold jewelry prices – SJC	74,980	76,980
Gold jewelry prices – Southeast Vietnam	PNJ	74,100 ▲150K
Gold jewelry prices – SJC	74,980	76,980
Gold jewelry prices – Gold jewelry prices	PNJ Ring (24K)	74,100 ▲150K
Gold jewelry prices – 24K jewelry	74,000 ▲100K	74,800 ▲100K
Gold jewelry prices – 18K jewelry	54,850 ▲70K	56,250 ▲70K
Gold jewelry prices – 14K jewelry	42,510 ▲60K	43,910 ▲60K
Gold jewelry prices – 10K jewelry	29,870 ▲40K	31,270 ▲40K

World gold price today, July 3, 2024, and chart of world gold price fluctuations over the past 24 hours.

According to Kitco, the spot price of gold in the world market at 2:00 PM Vietnam time today was $2,332.66 per ounce. Today's gold price increased by $6.4 per ounce compared to yesterday's price. Converted using the current exchange rate at Vietcombank, the world gold price is approximately VND 70.679 million per tael (excluding taxes and fees). Therefore, the price of SJC gold bars is still VND 4.301 million per tael higher than the international gold price.

Gold price fluctuation chart over the past 24 hours

Spot gold prices stood at $2,332.66 per ounce, up $6.4 per ounce from the same time yesterday. The precious metal suddenly rebounded amid a drop in the US dollar, falling from 106 points to 105.8 points in today's trading session.

Markets are paying close attention to comments from Federal Reserve Chairman Jerome Powell and European Central Bank President Christine Lagarde on Tuesday morning. Powell stated that the Fed has made considerable progress in bringing inflation back to its 2% target, while the labor market remains strong and growth continues. The Fed hopes this process will 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 a wait-and-see phase.

Precious metals continue to rebound sharply whenever they fall below the $2,300/ounce mark. Demand for gold remains very strong. In May, the People's Bank of China (PBOC) unexpectedly halted gold purchases, ending an 18-month streak of net purchases. Many other central banks have also reduced their buying.

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

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