Gold price today September 8: Just opened at the beginning of the week, SJC gold bars decreased

This morning, September 8, Saigon Jewelry Company (SJC) listed the buying price of gold bars at 133.1 million VND/tael and selling price at 135.1 million VND/tael, down 300,000 VND/tael compared to the end of last week.

The difference between buying and selling prices also widened to 2 million VND/tael. This is the first time in many days that the price of SJC gold bars has decreased again, breaking the continuous increase streak.

Meanwhile, the price of 99.99% gold rings and jewelry gold was listed around VND127.7 million/tael for buying and VND130.2 million/tael for selling, stable compared to yesterday.

SJC gold bar price decreased after many days of increase

The sharpest decline in domestic gold prices is in the free market. This morning, some gold shops in Ho Chi Minh City reported the buying price of SJC gold bars at 135.5 million VND/tael and the selling price at 138.5 million VND/tael, down about 5 million VND compared to yesterday morning.

The price of SJC gold bars on the free market decreased much faster and stronger than that of large gold companies, narrowing the gap. Today's gold price in the domestic market also broke the continuous increase of the past few days, following the Prime Minister 's instructions on the gold market.

Narrowing the gap between domestic and international gold prices

Most recently, in Official Dispatch No. 159 dated September 7 on the direction and management of fiscal and monetary policies, the Prime Minister requested the State Bank of Vietnam to closely monitor the developments in world and domestic gold prices, promptly implement necessary solutions and tools according to regulations to stabilize the gold market, narrow the gap between international gold prices and domestic gold prices.

At the same time, do not let it negatively impact exchange rates, interest rates, the monetary market, foreign exchange, national financial and monetary security and safety, or negatively impact macroeconomic stability...

The State Bank is also assigned to promptly issue documents guiding the implementation of Decree No. 232 of the Government amending and supplementing Decree 24 on the management of gold trading activities under its authority; proactively coordinate with ministries and branches to synchronously and effectively implement Decree No. 232. Have solutions to effectively prevent negative impacts on the gold market during the transition period.

The price of SJC gold bars is 20 million VND higher than the world price.

Regarding the world gold price, this morning Vietnam time, the precious metal on the international market continued to maintain at a high level of around 3,588 USD/ounce. According to analysts, the high world gold price also contributed to the impact on the domestic gold price.

Currently, the world gold price converted according to the listed exchange rate is about 114.6 million VND/tael, 20 million VND/tael lower than SJC gold bars./.

According to Lao Dong Newspaper

Source: https://nld.com.vn/gia-vang-hom-nay-8-9-vua-mo-cua-dau-tuan-vang-mieng-sjc-giam-19625090809002643.htm

Source: https://baolongan.vn/gia-vang-hom-nay-08-9-vua-mo-cua-dau-tuan-vang-mieng-sjc-giam-a202115.html