SJC gold bars suddenly increase "hotly" reaching 80 million VND/tael

Domestic gold price this afternoon July 18, 2024

At the time of survey at 2:00 p.m. on July 18, 2024, the gold price today, July 18, on the trading floors of some companies is as follows:

The price of SJC gold listed by the gold house is 78.50 million VND/tael for buying and 80.00 million VND/tael for selling. The gold price increased by 2.52 million VND/tael for buying and increased by 3.02 million VND/tael for selling.

DOJI listed the price of 9999 gold this afternoon at 78.50 million VND/tael for buying and 80.00 million VND/tael for selling. The gold price increased by 2.5 million VND/tael (buying) and increased by 3.02 million VND/tael (selling).

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 78.80 - 80.00 million VND/tael (buy - sell). The gold price increased by 2.6 million VND/tael for buying and increased by 3.02 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78.50 - 80.00 million VND/tael (buy - sell). Gold price increased by 2.62 million VND/tael for buying and increased by 3.02 million VND/tael for selling. Meanwhile, at Bao Tin Manh Hai, it is being traded at 78.80 - 80.00 million VND/tael (buy - sell). Gold price increased by 2.39 million VND/tael for buying and increased by 3.02 million VND/tael for selling.

After a series of sideways days, SJC gold bars have increased sharply. Currently, banks and gold selling businesses have listed the selling price to increase by more than 3 million VND/tael, and the buying price has also increased by more than 2.5 million VND/tael.

This is the first time in nearly 2 months that the price of SJC gold bars has been adjusted. Previously, from June 6 to July 17, SJC gold was always sold at 76.98 million VND/tael.

Plain gold rings continued to increase in price today, currently the common price is at 78 million VND/tael. Accordingly, SJC Company has raised the price of this type of gold to 76.0-77.6 million VND/tael. DOJI Group listed 76.35-77.55 million VND/tael. Bao Tin Minh Chau is 76.28-77.58 million VND/tael.

The central exchange rate listed by the State Bank is 24,251 VND/USD, down 5 VND/USD. The USD price at commercial banks is traded around 25,090 VND/USD for buying and 25,440 VND/USD for selling.

Giá vàng chiều nay 18/7/2024: Vàng miếng SJC đột ngột tăng “nóng” cán mốc 80 triệu đồng/lượng

Gold price today July 18, 2024. Photo: illustration.

1. DOJI – Updated: 07/18/2024 15:17 – Source website time – ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
AVPL/SJC HN	78,500 ▲2500K	80,000 ▲3020K
AVPL/SJC HCM	78,500 ▲2500K	80,000 ▲3020K
AVPL/SJC DN	78,500 ▲2500K	80,000 ▲3020K
Raw material 9999 – HN	76,150 ▲50K	76,750
Raw materials 999 – HN	76,050 ▲50K	76,650
AVPL/SJC Can Tho	78,500 ▲2500K	80,000 ▲3020K

2. PNJ – Updated: 07/18/2024 15:30 – Time of the source website – ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
HCMC – PNJ	76,300	77,590 ▲590K
HCMC – SJC	78,500 ▲2520K	80,000 ▲3020K
Hanoi – PNJ	76,300	77,590 ▲590K
Hanoi – SJC	78,500 ▲2520K	80,000 ▲3020K
Da Nang – PNJ	76,300	77,590 ▲590K
Da Nang – SJC	78,500 ▲2520K	80,000 ▲3020K
Western Region – PNJ	76,300	77,590 ▲590K
Western Region – SJC	78,500 ▲2520K	80,000 ▲3020K
Jewelry gold price – PNJ	76,300	77,590 ▲590K
Jewelry gold price – SJC	78,500 ▲2520K	80,000 ▲3020K
Gold jewelry price – Southeast	PNJ	76,300
Jewelry gold price – SJC	78,500 ▲2520K	80,000 ▲3020K
Jewelry gold price – Jewelry gold price	PNJ Ring (24K)	76,300
Jewelry Gold Price – 24K Jewelry	76,200	77,000
Jewelry Gold Price – 18K Jewelry	56,500	57,900
Jewelry Gold Price – 14K Jewelry	43,800	45,200
Jewelry Gold Price – 10K Jewelry	30,780	32,180

World gold price today July 18, 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 at 2,467.06 USD/ounce. The gold price this afternoon decreased by 3.04 USD/ounce compared to the closing price of the trading session. Converted according to the current exchange rate at Vietcombank, the world gold price is about 74.367 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 4.133 million VND/tael higher than the international gold price.

Biểu đồ biến động giá vàng trong 24 giờ qua

Gold price fluctuation chart in the last 24 hours

World gold fluctuated at 2,467 USD/ounce this afternoon, compared to the same time yesterday, the gold price decreased by 3 USD/ounce. The precious metal recorded a cooling down when the US Dollar index up to now is tending to increase compared to the morning session of the same day.

Despite the decline, gold is still considered to have many positive price drivers. According to Chris Weston, head of research at Pepperstone, the fundamentals of gold have clearly changed. He believes that $2,500/ounce is the next test threshold for the precious metal in the future, followed by a potential target of $2,600/ounce.

The precious metal had been on a positive note since late last week as markets began to increase expectations that the US Federal Reserve (FED) would cut interest rates in September. According to CME's FedWatch Tool, the market sees a 98% chance of easing at its September meeting.

Gold Price Forecast

According to the latest data, the price of gold is currently at 2,467 USD/ounce, with slight fluctuations in today's trading session. This fluctuation reflects the complex developments of the global financial market, especially in the context of central banks around the world making new moves in monetary policy.

Financial experts say that although gold prices have a certain influence on central banks' purchasing plans, changes in prices have an impact on the speed and pace of net purchases. According to JP Morgan, increased investment demand in the physical gold market is the main factor driving gold prices up in the future.

Source: https://congthuong.vn/gia-vang-chieu-nay-1872024-vang-mieng-sjc-dot-ngot-tang-nong-can-moc-80-trieu-dongluong-333167.html