Domestic gold price today February 24, 2024
At noon on February 24, the price of SJC 9999 gold increased by 100,000 VND/tael in both directions compared to the morning.
Early morning of February 24 , the price of SJC 9999 gold and DOJI gold bars both increased by 200,000 VND/tael in both directions compared to the end of yesterday's session.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:30 a.m. and the price of 9999 gold was listed by DOJI Jewelry Group at 9:06 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 76,500,000 VND/tael | 78,720,000 VND/tael |
| SJC HCMC | 76,500,000 VND/tael | 78,700,000 VND/tael |
| SJC Danang | 76,300,000 VND/tael | 78,720,000 VND/tael |
| DOJI Hanoi | 76,450,000 VND/tael | 78,650,000 VND/tael |
| DOJI HCMC | 76,450,000 VND/tael | 78,650,000 VND/tael |
SJC and DOJI gold price list updated early morning 24/2
At the close of the session on February 23, the price of 9999 gold bars at SJC Ho Chi Minh City was VND76.3 million/tael (buy) and VND78.5 million/tael (sell). SJC Hanoi listed at VND76.3 million/tael (buy) and VND78.52 million/tael (sell).
DOJI Hanoi listed at 76.25 million VND/tael (buy) and 78.45 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 76.25 million VND/tael and sold at 78.45 million VND/tael.
The central exchange rate on February 23, 2024 announced by the State Bank is 23,996 VND/USD, an increase of 15 VND compared to the previous trading session. The USD price at commercial banks this morning (February 24) was listed at 24,420 VND/USD (buy) and 24,790 VND/USD (sell).
International gold price today 24/2/2024
At 9:25 a.m. today (February 24, Vietnam time), the world spot gold price stood at around 2,035.3 USD/ounce, up 11.3 USD/ounce compared to last night. The gold futures price for April 2024 on the Comex New York floor was at 2,049.4 USD/ounce.
Gold price on Kitco floor (at 8:30 p.m. on February 23, Vietnam time) traded at $2,024/ounce, up 0.03%. Gold futures price for April 2024 delivery on Comex New York traded at $2,034/ounce, up 0.21% on the day.
Gold prices rose slightly in early US trading. The US dollar index ended the week lower. Meanwhile, US stock indexes rose this week, crude oil prices fell and US Treasury yields rose slightly.
Stock indexes in Japan, Europe and the US have hit new record highs. Nvidia shares have risen nearly 36% this year to become the best performing stock in the S&P 500. Rising stocks have reduced demand for safe-haven gold.
Nymex crude oil prices fell and traded around $77.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note was at 4.335%.
The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.11% to 103.84 points.
The market has little new economic data. The US GDP report is due next week.
Gold Price Forecast
The US Federal Reserve (Fed) does not want to cut interest rates too soon and too quickly this year, according to monetary policy makers.
The market no longer expects the Fed to cut interest rates from March, instead thinking that the central bank's first rate cut will come in June. As interest rates fall, gold becomes more attractive.
The conflict between Israel and Hamas remains tense, helping keep gold prices high, said Jim Wyckoff, senior analyst at Kitco Metals.
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