Domestic price of gold today
On the afternoon of 24 July The SJC 9999 gold price increased by 100 thousand VND/Tael today in both buying and selling in the afternoon compared to the morning.
The price of gold 9999 is updated by Saigon Jewelry Company Limited (SJC) at 14:12 as follows:
| To buy in | sold out | |
| SJC Hanoi | VND 66,550,000 / tael | VND 67,170,000 / tael |
| SJSC HKMK | VND 66,550,000 / tael | VND 67,150,000/tael |
| SJC Danang | VND 66,550,000 / tael | VND 67,170,000 / tael |
SJC Gold Price List updated daily 24/7
Early morning 24/7The price of SJC 9999 gold is up 50k/tael on the buying afternoon today, but down 50k/tael on the sell side compared to the end of last week’s trading session.
The 9999 gold price is updated by Saigon Jewelry Company Limited (SJC) at 8:30 AM, and the 9999 gold price is listed by Doji Jewelry Group at 8:41 AM as follows:
| To buy in | sold out | |
| SJC Hanoi | VND 66,450,000 / tael | VND 67,070,000 / tael |
| SJSC HKMK | VND 66,450,000 / tael | VND 67,050,000 / tael |
| SJC Danang | VND 66,450,000 / tael | VND 67,070,000 / tael |
| doji hanoi | VND 66,500,000 / tael | VND 67,200,000/tael |
| Doji Ho Chi Minh City | VND 66,550,000 / tael | VND 67,050,000 / tael |
SJC and DOJI gold price list updated early in the morning 24/7
At the close of the session on July 22, the price of 9999 gold bars in SJC Ho Chi Minh City was 66.4 million dong/tael (buy) and 67.1 million dong/tael (sale). SJC Hanoi is listed at VND66.4m/tael (buy) and VND67.12m/tael (sell).
Doji Hanoi is listed at VND66.5 million/tael (buy) and VND67.2 million/tael (sold out). Doji Ho Chi Minh City bought the SJC gold for 66.6 million dong per tael and sold it for 67.1 million dong per tael.
Central exchange rate 24/7 announced by the State Bank of Vietnam is VND 23,753 per US dollar, VND 19 less than last week. The price of the US dollar in commercial banks this morning (July 24) was trading around 23,455 VND/USD (buy) and 23,825 VND/USD (sell).
International gold price today
Today at 9:27 (July 24 Vietnam time), the world spot price of gold was near the threshold of 1960.4 dollars per ounce, which is 0.4 dollars per ounce higher compared to the end of last week. Gold futures for December delivery traded at $2,001.4 an ounce on the New York Comex.
Morning 24/7the world’s gold, converted at a bank price in US dollars, is more than 56.3 million dong/tael (excluding taxes and fees), which is about 10.77 million dong/tael below the domestic price of gold.
In the world market, spot gold on the Kitco floor on July 22 (at 16:00 Vietnam time) was trading at 1960 dollars per ounce.
Investors are predicting that the global price of gold will soon return to $2,000 an ounce despite the US Federal Reserve (Fed) raising interest rates by 25 percentage points on July 26.
However, analysts are more cautious, warning investors not to put too much money into gold until the Fed decides to raise interest rates even further.
James Stanley, market strategist at StoneX, predicts that gold prices will rise sharply, but then gold prices may suddenly fall after the Fed decides to raise interest rates.
James Stanley said that the price of gold could fall by $50 if the Fed takes a tough stance immediately after the interest rate hike.
Gold price forecast
Last week, 19 Wall Street analysts took part in the Kitco News gold review. In which 42% of analysts believe that the price of gold will rise in the near future, and 42% believe that the price of gold will decrease. Meanwhile, the remaining 16% of analysts believe that gold prices will move sideways.
Meanwhile, 369 votes were cast in online polls. Of these, 221 respondents, or 60%, expect gold prices to rise in the near future. Another 95 people, or 26%, believe that the price of gold will be lower, and the remaining 53, or 14%, believe that the price of gold will not change.