SJC gold bar price
Recorded at 9am, SJC gold price was listed by DOJI Group at 77-79 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at DOJI remained unchanged in both buying and selling directions.
The difference in buying and selling price of SJC gold at DOJI is at 2 million VND/tael. This threshold is quite high, causing investors to face the risk of loss.
Meanwhile, Saigon SJC VBQ Company listed SJC gold price at 77-79 million VND/tael (buy - sell).
Compared to the beginning of the previous trading session, the gold price at VBQ Saigon SJC Company remained unchanged in both buying and selling directions.
The difference in buying - selling price of SJC gold at Saigon SJC VBQ Company is at the threshold of 2 million VND/tael.
Currently, buying gold bars at stores in Hanoi is very difficult. Most stores have announced that they have no SJC gold bars for nearly 2 months now.
An employee at a gold store on Cau Giay Street (Hanoi) said: "SJC gold bars have stopped selling for nearly 2 months now. As for 9999 plain round gold rings, our staff also cannot know Exact opening hours of the day. Just know that the store will be open to customers as long as there is stock."
Ms. Cao Ha My (employee at a gold store on Cau Giay Street - Hanoi) said: "From listening, I learned that at Bao Tin Minh Chau they usually open gold rings for sale at 10am and 3pm. Every time they open for sale, they sell out very quickly. However, for the past 2 days, every time I passed by, I received a notice that gold rings were not for sale."
Gold ring price 9999
As of 9am, the price of 9999 Hung Thinh Vuong round gold ring at DOJI Jewelry Group was listed at 76.00-77.20 million VND/tael (buy - sell); increased 250,000 VND/tael of purchased afternoon tea and increased 200,000 VND/tael of sold afternoon tea.
Saigon Jewelry Company lists gold ring prices at 75.8-77.2 million VND/tael (buy - sell); increased 250,000 VND/tael of purchased afternoon tea and increased 550,000 VND/tael of sold afternoon tea.
Bao Tin Minh Chau listed the gold ring price at 75.83-77.03 million VND/tael (buy - sell); keep both directions the same.
In recent sessions, gold ring prices often fluctuate in the same direction as the world market. Investors can refer to world markets and expert opinions before making investment decisions.
World gold price
As of 9:00 a.m., the world gold price listed on Kitco was at 2,408.5 USD/ounce; increased by 29.2 USD/ounce compared to the beginning of yesterday's trading session.
Gold price forecast
World gold prices increased sharply when the USD index fell. Recorded at 9:00 a.m. on July 31, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,177 points (down 0.06%).
Gold prices increased partly because the US Federal Reserve (FED) is holding a monetary policy meeting. Accordingly, investors expect that after the end of this meeting at dawn on July 1, the FED may give clues about lowering interest rates in September 2024.
Phillip Streible – analyst at Blue Line Futures, said the EU economy is showing some more cracks. This could cause the European Central Bank (ECB) to cut interest rates in September. The US is also expected to cut interest rates similarly to the ECB.
The market also awaits a series of US employment data scheduled for release this week, including the important nonfarm payrolls report scheduled for release on Friday.
UBS analyst Giovanni Staunovo predicts the job market will likely slow. This will become a catalyst that makes the FED more certain in its policy decisions. The policy pivot will support investment demand in the coming time.
In the medium term, India's gold tariff cuts and rising Chinese demand boost the outlook for gold prices. Besides, Western investment demand is gradually reappearing in the gold market in anticipation of the FED soon lowering interest rates.
