Domestic gold price this afternoon June 29, 2024
At the time of survey at 2:00 p.m. on June 29, 2024, the gold price today, June 29, on the trading floors of some companies is as follows:
The price of SJC gold listed by the gold house is 74.98 million VND/tael for buying and 76.98 million VND/tael for selling.
The price of 9999 gold this afternoon was listed by DOJI at 74.98 million VND/tael for buying and 76.98 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 76.00 - 76.98 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 75.50 - 76.98 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76,000 - 76.98 million VND/tael (buy - sell).
SJC gold bars continue to stand still, while world gold prices have reversed and decreased despite the USD and inflation cooling down. Currently, the difference between domestic gold and world gold fluctuates around 4.5 million VND/tael.
The price of gold rings in today's trading session continued to increase slightly. Specifically, SJC's 4-digit 9 gold rings were bought at 73.95 million VND and sold at 75.55 million VND, an increase of 50,000 VND compared to yesterday. Similarly, Bao Tin Minh Chau increased by 180,000 VND when buying at 74.56 million VND and selling at 75.86 million VND...
The central exchange rate listed by the State Bank is 24,260 VND/USD, down 4 VND/USD. The USD price at commercial banks is traded around 25,223 VND/USD for buying and 25,473 VND/USD for selling.
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| Gold price today June 29, 2024, SJC gold price, 9999 gold price, 24k gold price, 18k gold price June 29, 2024. Photo: Can Dung |
| 1. DOJI - Updated: June 29, 2024 08:31 - Website supply time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| 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 | 74,100 | 74,650 |
| Raw materials 999 - HN | 74,000 | 74,550 |
| AVPL/SJC Can Tho | 74,980 | 76,980 |
| 2. PNJ - Updated: June 29, 2024 15:30 - Website supply time - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell out |
| HCMC - PNJ | 73,950 | 75,600 |
| HCMC - SJC | 74,980 | 76,980 |
| Hanoi - PNJ | 73,950 | 75,600 |
| Hanoi - SJC | 74,980 | 76,980 |
| Da Nang - PNJ | 73,950 | 75,600 |
| Da Nang - SJC | 74,980 | 76,980 |
| Western Region - PNJ | 73,950 | 75,600 |
| Western Region - SJC | 74,980 | 76,980 |
| Jewelry gold price - PNJ | 73,950 | 75,600 |
| Jewelry gold price - SJC | 74,980 | 76,980 |
| Jewelry gold price - Southeast | PNJ | 73,950 |
| Jewelry gold price - SJC | 74,980 | 76,980 |
| Jewelry gold price - Jewelry gold price | PNJ Ring (24K) | 73,950 |
| Jewelry gold price - 24K jewelry | 73,900 | 74,700 |
| Jewelry gold price - 18K jewelry | 54,780 | 56,180 |
| Jewelry Gold Price - 14K Jewelry | 42,450 | 43,850 |
| Jewelry gold price - 10K jewelry | 29,830 | 31,230 |
World gold price this afternoon June 29, 2024 and chart of world gold price fluctuations in the past 24 hours
According to Kitco, the world gold price recorded at 2:00 p.m. today, Vietnam time, was 2,325.19 USD/ounce. This afternoon's gold price decreased by 0.43 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70,461 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 4,519 million VND/tael higher than the international gold price.
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| Gold price fluctuation chart in the last 24 hours |
World spot gold stood at 2,325.19 USD/ounce, down 0.43 USD/ounce compared to the same trading session yesterday.
The yellow metal moved as the US reported that the core personal consumption expenditures price index rose 2.6% year-on-year, down 0.2 percentage points from the previous increase of 2.8%. The data is in line with expectations of a slowing US inflation, which could prompt the US to cut interest rates in September 2024.
Although inflation cooled down and the US dollar also decreased today, gold still went down, this is believed to come from the fact that when gold reached the threshold of 2,340 USD/ounce earlier, speculators sold to take profits.
According to Michael Brown, senior research analyst at Pepperstone, the latest data did not surprise the market. Brown expects the Fed to maintain its aggressive monetary policy stance as inflation has not yet fallen as expected. He said that policymakers are not in a hurry to ease monetary policy until they are sure that inflation is falling back to target.
Gold price forecast
This week, State Street Global Advisors, in collaboration with the World Gold Council, released their annual Gold Perceptions Survey.
The survey polled 525 professional investors in North America and a surprising 29% expect to increase their allocation to precious metals in the next 12-18 months.
The survey also found that investors are more bullish on gold this year. Nearly nine in 10 advisers (about 85%) surveyed said they have some allocation to the precious metal, up from 69% in 2018 and 76% in 2019.
The market is now betting the Fed will cut rates in September and again in December. Traders are pricing in a 68% chance of a September rate cut, up from 64% before the inflation data was released, according to the CME FedWatch tool.
Source: https://congthuong.vn/gia-vang-chieu-nay-2962024-vang-nhan-huong-toi-muc-76-trieu-dongluong-the-gioi-giam-bat-chap-lam-phat-ha-nhiet-329026.html
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