Domestic gold price today 7/9
Early afternoon on July 7SJC's 9999 gold price today increased 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 13:50 and gold price 9999 is listed by Doji Jewelry Group at 14:09 as follows:
Buy into | Sold out | |
SJC Hanoi | 67.900.000 VND/tael | 68.520.000 VND/tael |
SJC HCMC | 67.900.000 VND/tael | 68.500.000 VND/tael |
SJC Da Nang | 67.900.000 VND/tael | 68.520.000 VND/tael |
Doji Hanoi | 67.850.000 VND/tael | 68.600.000 VND/tael |
Doji Ho Chi Minh City | 67.700.000 VND/tael | 68.400.000 VND/tael |
Gold price list SJC and DOJI updated early afternoon 7/9
Early morning 7/9, the price of 9999 gold of SJC today decreased by 50 thousand dong/tael in both buying and selling direction compared to the end of yesterday session.
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 8:27 and gold price 9999 is listed by Doji Jewelry Group at 8:34 as follows:
Buy into | Sold out | |
SJC Hanoi | 67.750.000 VND/tael | 68.370.000 VND/tael |
SJC HCMC | 67.750.000 VND/tael | 68.350.000 VND/tael |
SJC Da Nang | 67.750.000 VND/tael | 68.370.000 VND/tael |
Doji Hanoi | 67.700.000 VND/tael | 68.450.000 VND/tael |
Doji Ho Chi Minh City | 67.650.000 VND/tael | 68.350.000 VND/tael |
SJC and DOJI gold price list updated early in the morning of June 7
At the end of the trading session on May 6, the domestic gold price of 9 was listed by SJC and Doji Jewelry Group in the order of buying and selling as follows:
SJC Hanoi: 67.800.000 VND/tael – 68.420.000 VND/tael
Doji Hanoi: 67.700.000 VND/tael – 68.450.000 VND/tael
SJC HCMC: 67.800.000 VND/tael – 68.400.000 VND/tael
Doji Ho Chi Minh City: 67.650.000 VND/tael – 68.350.000 VND/tael
Central exchange rate on 7/9 announced by the State Bank is 23.979 VND/USD, down 12 VND compared to yesterday. USD price at commercial banks this morning (July 7) was trading around 9 VND/USD (buying in) and 23.850 VND/USD (selling out).
International gold price today 7/9
At 9:15 am today (July 7, Vietnam time), the world spot gold price stood around the threshold of 1.918,1 USD/ounce, down 6,9 USD/ounce compared to last night. Gold futures for December delivery on the Comex New York exchange were at $12 per ounce.
On the night of June 6 (Vietnam time), the world spot gold price stood around the threshold of 9 USD/ounce. Gold for August delivery on the Comex New York exchange was at $1.925 per ounce.
The world gold price on the night of May 6 was about 9% higher (US$5,5/ounce) than at the beginning of 101. World gold converted to bank dollars was priced at VND2023 million/tael, including taxes and fees, about 56,7 million VND/tael lower than the domestic gold price by the end of the afternoon session on May 11,5.
World gold is under downward pressure in the context that the DXY index (measurement of the volatility of the USD against 6 major currencies in the world) is still at a high level, around 104,7 points.
Investors choose USD when the US stock market in September is often not positive.
Technical analysis signals also show that gold is on a downtrend in the short term due to the absence of new supporting factors.
Currently, the US Federal Reserve (Fed) is hawkish, tightening monetary policy, maintaining interest rates at record highs of many decades for a long time. This is a factor that supports the USD, thereby adversely affecting gold.
Gold price forecast
According to the CME's FedWatch tool, the market is expecting a 93% chance that the Fed will pause rate hikes at its September meeting. However, there's a 9% chance of a rate hike in November or December.
In the short term, gold continues to be under downward pressure. However, gold is quite strongly supported at the 200-day moving average, around $1.920 an ounce.
At the end of the year or early next year, the selling pressure on precious metals will decrease. The USD is expected to weaken following the Fed's gradual loosening of monetary policy.
Besides, the gold consumption season at the end of the year can also support this commodity more actively.