Gold price today August 19: SJC gold bars are more expensive than the world by 18.7 million VND/tael

Saigon Jewelry Company - SJC bought gold bars at 124 million VND per tael, selling at 125 million VND. Mi Hong Company slightly increased the buying price by 200,000 VND, to 124.5 million VND, selling at 125 million VND. Phu Quy Company kept the buying price at 123 million VND, selling at 125 million VND... The difference between the buying and selling price of gold bars fluctuated from 500,000 to 2 million VND per tael depending on the unit. However, the appearance of a price difference of 500,000 VND/tael has been quite rare in recent years.

Similarly, the price of gold rings also stood at a high level, SJC Company bought 117 million VND, sold 119.6 million VND; Phu Quy Company bought 116.6 million VND, sold 119.6 million VND... The price of gold rings was 13.3 million VND/tael higher than the world price , while SJC gold bars were 18.7 million VND/tael more expensive.

Domestic gold prices remain high. PHOTO: NGOC DUONG

World gold prices increased slightly by 3 USD, to 3,335 USD/ounce. Gold fell sharply in the US trading session (night of August 18), from 3,355 USD/ounce to 3,325 USD/ounce. The market is currently waiting for information related to the interest rate decision from the US Federal Reserve (Fed). However, gold prices are still expected to increase. Ms. Rhona O'Connell, Head of Market Analysis EMEA & Asia at StoneX, raised her forecast for the average annual gold price to 3,115 USD/ounce, up 1% from the previous estimate of 3,078 USD. Gold prices have fluctuated within a range of 2% over the past week and only 8% over the past three months. In the third quarter, the average gold price is expected to be around 3,320 USD/ounce. However, the average gold price is forecast to reach 3,000 USD/ounce in the last three months of the year.

Türkiye has been among the world's top gold consumers in recent years as its severe inflation crisis has pushed bullion demand well above the global average. But demand is set to decline by 2025 due to persistently high gold prices and the growing appeal of silver, according to the latest data from the Turkish Stock Exchange. Gold imports into the country fell to 4.34 tonnes in July, down 53.5% from June and the lowest since April 2023. Imports in the first seven months of the year totaled 72.09 tonnes./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1982025-vang-mieng-sjc-dat-hon-the-gioi-len-187-trieu-dong-luong-185250819085238477.htm

Source: https://baolongan.vn/gia-vang-hom-nay-19-8-vang-mieng-sjc-dat-hon-the-gioi-len-18-7-trieu-dong-luong-a200946.html