Domestic gold price today 9/6
Early afternoon of September 6 , today's SJC 9999 gold price increased by 50 thousand VND/tael in both buying and selling compared to the morning.
The price of 9999 gold is updated by Saigon Jewelry Company Limited (SJC) at 14:45 and the price of 9999 gold is listed by Doji Jewelry Group at 14:00 as follows:
| Buy | Sell | |
| SJC Hanoi | 67,800,000 VND/tael | 68,420,000 VND/tael |
| SJC HCMC | 67,800,000 VND/tael | 68,400,000 VND/tael |
| SJC Danang | 67,800,000 VND/tael | 68,420,000 VND/tael |
| Doji Hanoi | 67,700,000 VND/tael | 68,450,000 VND/tael |
| Doji HCMC | 67,650,000 VND/tael | 68,350,000 VND/tael |
SJC and DOJI gold price list updated early afternoon September 6
Early morning of September 6 , SJC 9999 gold price today remained unchanged compared to yesterday's closing price.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 9:12 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:40 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 67,750,000 VND/tael | 68,370,000 VND/tael |
| SJC HCMC | 67,750,000 VND/tael | 68,350,000 VND/tael |
| SJC Danang | 67,750,000 VND/tael | 68,370,000 VND/tael |
| Doji Hanoi | 67,650,000 VND/tael | 68,400,000 VND/tael |
| Doji HCMC | 67,600,000 VND/tael | 68,300,000 VND/tael |
SJC and DOJI gold price list updated early morning September 6
At the end of the trading session on September 5, the domestic 9999 gold price was listed by SJC and Doji Gold and Gemstone Group in the following order of buying and selling:
SJC Hanoi: 67,750,000 VND/tael - 68,370,000 VND/tael
Doji Hanoi: 67,650,000 VND/tael - 68,400,000 VND/tael
SJC HCMC: 67,750,000 VND/tael - 68,350,000 VND/tael
Doji HCMC: 67,600,000 VND/tael - 68,300,000 VND/tael
The central exchange rate on September 6 announced by the State Bank is 23,991 VND/USD, an increase of 32 VND compared to yesterday. The USD price at commercial banks this morning (September 6) was traded around 23,870 VND/USD (buy) and 24,240 VND/USD (sell).
International gold price today 9/6
At 9:35 a.m. today (September 6, Vietnam time), the world spot gold price stood at around 1,925 USD/ounce, down 7 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,950.5 USD/ounce.
On the night of September 5 (Vietnam time), the world spot gold price stood at around 1,932 USD/ounce. Gold for December delivery on the Comex New York floor was at 1,966 USD/ounce.
The world gold price on the night of September 5 was about 5.9% higher (108 USD/ounce) than at the beginning of 2023. World gold converted to the bank USD price was 57.1 million VND/tael, including taxes and fees, about 11.1 million VND/tael lower than the domestic gold price as of the end of the afternoon session on September 5.
World gold prices fell sharply to the threshold of 1,930 USD/ounce in the context of the DXY index (measuring the fluctuations of the USD against 6 key currencies in the world) increasing rapidly to the threshold of 104.6 points.
The greenback rose as the Fed is about to meet on September 19-20.
Market signals suggest that the US central bank may not raise interest rates in this meeting. However, the general policy remains hawkish, tightening monetary policy, maintaining interest rates at multi-decade highs for an extended period.
Gold Price Forecast
Besides, the Fed is still likely to raise interest rates at its November meeting.
Recently, data has shown that the US economy is weakening again. This reinforces the possibility that interest rates will not rise further and thus supports assets like gold.
However, in the short term, precious metals remain under downward pressure. The US labor market remains strong. Meanwhile, inflation remains high. The possibility of a monetary policy reversal is still 6 months to a year away.
Currently, investors pay close attention to fluctuations in Treasury bond interest rates before the Federal Open Market Committee (FOMC) meeting in September.
Some forecasts suggest that gold may correct to $1,900/ounce a few more times before turning back to increase following a long-term downtrend of the USD.
The US dollar is expected to decline not only from 2024 onwards due to a return to lower interest rates but also due to the greenback's declining position in international markets.
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