Domestic gold price this afternoon 7/5/2024
At the time of survey at 2:00 p.m. on July 5, 2024, the gold price today, July 5, 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.
This afternoon, DOJI listed the price of 9999 gold at 74.98 million VND/tael for buying and 76.98 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 76.20 - 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 76.00 - 76.98 million VND/tael (buy - sell).
SJC gold bars continued to record a 29th consecutive day of stagnation with the buying price at 74.98 million VND/tael and the selling price at 76.98 million VND/tael. Currently, the difference between domestic and world gold prices has narrowed to 3.4 million VND/tael.
The price of gold rings in today's trading session has not seen much fluctuation after the strong increase of yesterday's trading session when it increased from 300,000 - 500,000 VND/tael, exceeding 76 million VND/tael. Currently, SJC Company, the price of plain gold rings is at 74.4 - 76.1 million VND/tael; Bao Tin Minh Chau is 75.06 - 76.36 million VND/tael. However, the difference between the price of gold rings and the price of SJC gold is currently only about 500 - 700 thousand VND/tael.
The central exchange rate listed by the State Bank is 24,246 VND/USD, down 5 VND/USD. The USD price at commercial banks is traded around 25,208 VND/USD for buying and 25,458 VND/USD for selling.
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| Gold price today July 5, 2024. Photo: illustration. |
| 1. DOJI – Updated: 07/05/2024 11:00 – Source website time – ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 74,980 | 76,980 |
| AVPL/SJC HCM | 74,980 | 76,980 |
| AVPL/SJC DN | 74,980 | 76,980 |
| Raw material 9999 – HN | 74,300 ▲150K | 75,100 |
| Raw materials 999 – HN | 74,200 ▲100K | 75,000 |
| AVPL/SJC Can Tho | 74,980 | 76,980 |
| 2. PNJ – Updated: 07/05/2024 14:00 – Time of the source website – ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC – PNJ | 74,400 | 76,000 |
| HCMC – SJC | 74,980 | 76,980 |
| Hanoi – PNJ | 74,400 | 76,000 |
| Hanoi – SJC | 74,980 | 76,980 |
| Da Nang – PNJ | 74,400 | 76,000 |
| Da Nang – SJC | 74,980 | 76,980 |
| Western Region – PNJ | 74,400 | 76,000 |
| Western Region – SJC | 74,980 | 76,980 |
| Jewelry gold price – PNJ | 74,400 | 76,000 |
| Jewelry gold price – SJC | 74,980 | 76,980 |
| Gold jewelry price – Southeast | PNJ | 74,400 |
| Jewelry gold price – SJC | 74,980 | 76,980 |
| Jewelry gold price – Jewelry gold price | PNJ Ring (24K) | 74,400 |
| Jewelry Gold Price – 24K Jewelry | 74,300 | 75,100 |
| Jewelry Gold Price – 18K Jewelry | 55,080 | 56,480 |
| Jewelry Gold Price – 14K Jewelry | 42,680 | 44,080 |
| Jewelry Gold Price – 10K Jewelry | 29,990 | 31,390 |
World gold price today 7/5/2024 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 2,363.22 USD/ounce. Today's gold price is 4.94 USD/ounce higher than yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 71.571 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 3.409 million VND/tael higher than the international gold price.
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| Gold price fluctuation chart in the last 24 hours |
The world spot gold price stood at 2,363.22 USD/ounce, up nearly 5 USD/ounce compared to the same trading session yesterday. The precious metal recorded a flat trend in the context of the US Independence Day holiday.
The market is now looking ahead to key data due out Friday morning. Friday’s jobs report will have a big impact on gold prices going forward, Christopher Lewis, market analyst at FX Empire, said. “I think the uptrend is going to continue for the foreseeable future because, frankly, there’s a lot going for gold,” he said.
Gold Price Forecast
After the economic and employment data were released, many experts said that the possibility of the FED starting to cut interest rates in September increased from 65% to 68%. In addition, the market also expected another interest rate cut by the FED in December.
In addition, experts also said that at the present time, gold is being given more momentum when central banks simultaneously cut interest rates. In particular, the European Central Bank (ECB) cut interest rates for the first time on June 6. Previously, a number of major central banks had cut interest rates such as Canada, Sweden, and Switzerland.
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