Gold rings increased sharply, approaching SJC gold bars, the world reached a 2-week high

Domestic gold price this afternoon June 21, 2024

At the time of survey at 2:00 p.m. on June 21, 2024, the gold price today, June 21 , 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 in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76,000 - 76.98 million VND/tael (buy in - sell out).

The price of SJC gold bars has not changed much, while that of gold rings continues to increase sharply, in many places it has exceeded 76 million VND/tael. Accordingly, according to SJC Company, the price of plain gold rings is currently at 74.0-75.7 million VND/tael, an increase of 500,000 VND/tael compared to yesterday.

At DOJI Group, plain gold rings are listed at 75.1-76.3 million VND/tael, an increase of 700,000 VND/tael for buying and 600,000 VND/tael for selling. At Bao Tin Minh Chau, it is listed at 74.48-75.78 million VND/tael.

Currently, the difference between the price of SJC gold bars and the world price has narrowed to more than 3 million VND/tael; gold bars are only more than 1 million VND more expensive than gold rings.

The central exchange rate listed by the State Bank is 24,256 VND/USD, up 1 VND/USD. The USD price at commercial banks is traded around 25,218 VND/USD for buying and 25,468 VND/USD for selling.

Gold price today June 21, 2024: gold rings increase, close to SJC gold bars. Photo: illustration.

1. DOJI – Updated: June 21, 2024 09:07 – Source website 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	74,550 ▲550K	75,050 ▲500K
Raw materials 999 – HN	74,450 ▲550K	74,950 ▲500K
AVPL/SJC Can Tho	74,980	76,980

2. PNJ – Updated: June 21, 2024 17:02 – Website supply time – ▼ / ▲ Compared to yesterday.
Type	Buy	Sell ​​out
HCMC – PNJ	74,300 ▲700K	75,900 ▲650K
HCMC – SJC	74,980	76,980
Hanoi – PNJ	74,300 ▲700K	75,900 ▲650K
Hanoi – SJC	74,980	76,980
Da Nang – PNJ	74,300 ▲700K	75,900 ▲650K
Da Nang – SJC	74,980	76,980
Western Region – PNJ	74,300 ▲700K	75,900 ▲650K
Western Region – SJC	74,980	76,980
Jewelry gold price – PNJ	74,300 ▲700K	75,900 ▲650K
Jewelry gold price – SJC	74,980	76,980
Gold jewelry price – Southeast region	PNJ	74,300 ▲700K
Jewelry gold price – SJC	74,980	76,980
Jewelry gold price – Jewelry gold price	PNJ Ring (24K)	74,300 ▲700K
Jewelry Gold Price – 24K Jewelry	74,200 ▲700K	75,000 ▲700K
Jewelry gold price – 18K jewelry	55,000 ▲520K	56,400 ▲520K
Jewelry Gold Price – 14K Jewelry	42,630 ▲410K	44,030 ▲410K
Jewelry Gold Price – 10K Jewelry	29,950 ▲290K	31,350 ▲290K

World gold price this afternoon June 21, 2024 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 2:00 p.m. today, Vietnam time, was 2,358.34 USD/ounce. The gold price this afternoon is 18.89 USD/ounce higher than the closing price of the trading session. Converted according to the current exchange rate at Vietcombank, the world gold price is about 71.452 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 3.528 million VND/tael higher than the international gold price.

Gold price fluctuation chart in the last 24 hours

The world spot gold price stood at 2,3458.34 USD/ounce, up more than 18 USD/ounce compared to the same time yesterday. The precious metal rebounded as investors continued to expect the US Federal Reserve (FED) to begin loosening monetary policy.

Investors are now pricing in a 64% chance the Fed will cut interest rates in September, according to the CME FedWatch tool. Lower interest rates are typically supportive of gold prices. Meanwhile, the Swiss National Bank (SNB) yesterday cut its key interest rate by another 25 basis points, bringing it down to 1.25%. This is the second time the bank has cut interest rates this year.

Gold price forecast

According to experts, the gold market will heat up again when the FED's monetary policy takes clearer steps. When the FED moves its policy, investment demand from the West is expected to increase and that will help gold take off.

US Bank experts forecast that gold prices will fluctuate between $2,300-2,400/ounce this year and are expected to increase to the range of $2,400-2,500/ounce by the end of 2025.

Source: https://congthuong.vn/gia-vang-chieu-nay-2162024-vang-nhan-tang-manh-ap-sat-vang-mieng-sjc-the-gioi-dat-muc-cao-nhat-2-tuan-327378.html