SJC gold bar price

9999 gold ring price

As of 6:00 a.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 76.40-77.65 million VND/tael (buy - sell), unchanged.

Saigon Jewelry Company listed the price of gold rings at 76.35-77.65 million VND/tael (buy - sell); an increase of 150,000 VND/tael for buying and 100,000 VND/tael for selling.

Bao Tin Minh Chau listed the price of gold rings at 76.43-77.63 million VND/tael (buy - sell), unchanged.

In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.

World gold price

As of 10:00 p.m. on August 2, the world gold price listed on Kitco was at 2,429 USD/ounce, down 7.7 USD/ounce compared to the beginning of the session yesterday morning.

Gold Price Forecast

World gold prices show signs of decline despite the USD index plummeting. Recorded at 22:00 on August 2, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 102,950 points (down 1.2%).

Despite the decline in gold, the precious metal has just closed the week with a breakthrough increase. According to Kitco - gold prices increased sharply after the US monthly employment report for July was just released by the Labor Department. The report showed that the number of important non-agricultural jobs reached only 114,000 compared to the expectation of an increase of 185,000.

The market is now pricing in a greater than 70% chance of a 50 basis point cut at the September FOMC meeting. December gold was last up $34.40 an ounce at $2,514.70 an ounce.

Gold is also seeing safe-haven demand amid rising tensions in the Middle East.

Gold also benefited from the dovish tone of the US Federal Reserve this week, while the World Gold Council reported that central bank gold holdings continued to rise, up 6% year-on-year in the second quarter.

The key outside markets today saw the USD Index hit a seven-week low. Nymex crude oil prices fell sharply following the jobs report and hit a two-month low, trading around $75.00 a barrel. The benchmark 10-year US Treasury yield is falling and is currently trading at 3.827%.