Gold price today June 25, 2024, Gold ring price increased sharply, closely following SJC gold bars, world gold price increased as investors waited for US inflation data and action from the Fed.
LIVE UPDATE TABLE OF GOLD PRICE TODAY 6/25 AND EXCHANGE RATE TODAY 6/25
| 1. SJC - Updated: 06/24/2024 08:37 - Website time of supply source - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 1L, 10L, 1KG | 74,980 | 76,980 |
| SJC 5c | 74,980 | 77,000 |
| SJC 2c, 1c, 5c | 74,980 | 77,010 |
| SJC 99.99 gold ring 1 chi, 2 chi, 5 chi | 73,950 ▲200K | 75,550 ▲200K |
| SJC 99.99 gold ring 0.3 chi, 0.5 chi | 73,950 ▲200K | 75,650 ▲200K |
| Jewelry 99.99% | 73,850 ▲200K | 74,850 ▲200K |
| Jewelry 99% | 72,109 ▲198K | 74,109 ▲198K |
| Jewelry 68% | 48,553 ▲136K | 51,053 ▲136K |
| Jewelry 41.7% | 28,866 ▲84K | 31,366 ▲84K |
Update gold price today June 25, 2024
Domestic gold price on June 24 was stable.
SJC gold bar price continued to stabilize at 76.98 million VND/tael for sale.
Specifically, on the morning of June 24, at 8:50 a.m., DOJI Gold and Gemstone Group listed the price of SJC gold at 74.98 - 76.98 million VND/tael (buy - sell), unchanged from the closing price yesterday afternoon.
Similarly, Saigon Jewelry Company (SJC) also listed the price of SJC gold at 74.98 - 76.98 million VND/tael (buy - sell), stable compared to the closing price yesterday afternoon.
With the above transaction level, the difference between domestic gold price and converted international gold price is currently about 5 million VND.
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| Gold price today June 25, 2024: Gold ring price increased, 'chasing' closely SJC gold bars; the world is going up, precious metals continue to be supported. (Source: Reuters) |
Commercial banks and businesses all assessed that the drastic intervention measures of the State Bank have been effective, narrowing the gap between domestic and international gold bar prices in accordance with the direction of the Government, the Prime Minister and the opinions of competent authorities.
Besides, commercial banks and enterprises also admit that if the State Bank does not intervene in the gold market, allowing high price differences will have negative impacts such as smuggling, tax evasion, imbalance in the balance of payments, affecting exchange rate management and the macro economy.
Summary of SJC gold bar prices at major domestic trading brands at closing times of trading session on the afternoon of June 24 :
Saigon Jewelry Group listed SJC gold price at: 74.98 - 76.98 million VND/tael.
Doji Group listed SJC gold price at: 75.3 - 76.98 million VND/tael.
PNJ system listed at: 74.98 - 76.98 million VND/tael.
Phu Quy Gold and Silver Group listed at: 75.5 - 76.98 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at: 75.5 - 76.98 million VND/tael; Rong Thang Long gold brand is traded at 74.66 - 75.96 million VND/tael; jewelry gold price is traded at 73.85 - 75.75 million VND/tael.
Thus, compared to the morning session of June 24, the afternoon price of SJC gold listed by Saigon Jewelry Group remained unchanged in both buying and selling directions. Meanwhile, the price of gold rings increased. SJC Company increased the price of gold rings by 150 thousand VND per tael.
Early in the morning of June 24, the price of 9999 Hung Thinh Vuong round gold rings at DOJI Gold and Gemstone Group was listed at 74.50-75.80 million VND/tael (buy - sell). At the end of the afternoon session of the same day, the price of this gold ring listed by DOJI increased slightly by 100 thousand VND/tael in both buying and selling directions, at 74.60-75.90 million VND/tael, only 1 million VND/tael lower than the selling price of SJC gold bars.
According to the World & Vietnam Newspaper , information on Kitco News , as of 5:27 p.m. Vietnam time on June 24, the world gold price was listed at 2,326.30 USD/ounce, up 5 USD/ounce compared to the previous trading session.
Converted according to the USD price at Vietcombank on June 24, 1 USD = 25,475 VND, the world gold price is equivalent to 71.4 million VND/tael, 5.58 million VND/tael lower than the selling price of SJC gold; about 4.11 million VND/tael lower than the price of 9999 gold rings.
Gold prices rose on Monday as US Treasury yields eased, while investors awaited inflation data later this week that could influence the Federal Reserve's interest rate trajectory , Reuters reported.
Spot gold was up 0.4% at $2,330.56 an ounce at 0834 GMT, after falling 1% on Friday due to a stronger dollar. US gold futures rose 0.5% to $2,343.30.
Yields on 10-year US Treasury bonds fell, making non-interest-bearing gold more attractive to investors.
“The focus remains on upcoming US economic data and if it confirms a soft landing, this will allow the Fed to cut rates,” said UBS analyst Giovanni Staunovo . “We continue to see gold supported, targeting $2,600 an ounce by year-end.”
Personal consumption expenditures (PCE) data, the Fed's preferred inflation gauge, is due out next Friday. At least five Fed officials are scheduled to speak this week, including San Francisco Fed President Mary Daly, Fed Governors Lisa Cook and Michelle Bowman.
According to the CME FedWatch Tool , traders are currently pricing in a 66% chance that the Fed will cut interest rates next September.
Lower interest rates reduce the opportunity cost of holding bullion.
Data on Friday showed business activity in the world's No. 1 economy rose to a 26-month high in June but price pressures eased significantly.
Source: https://baoquocte.vn/gia-vang-hom-nay-2562024-gia-vang-nhan-bat-tang-ruot-duoi-sat-vang-mieng-sjc-the-gioi-di-len-quy-kim-tiep-tuc-dc-ho-tro-276136.html
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