Gold rings increase sharply, approaching SJC gold bars, world reaches 2-week high

Việt NamViệt Nam21/06/2024


Domestic gold price this afternoon June 21, 2024

At the time of survey at 2:00 p.m. on June 21, 2024, the gold price today, June 21 , 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 76.00 - 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 76,000 - 76.98 million VND/tael (buy - sell).

The price of SJC gold bars has not fluctuated yet, while the price of gold rings continues to increase sharply, in many places it has exceeded 76 million VND/tael. Accordingly, according to SJC Company, the price of plain gold rings is currently at 74.0-75.7 million VND/tael, an increase of 500,000 VND/tael compared to yesterday.

At DOJI Group, plain gold rings are listed at 75.1-76.3 million VND/tael, up 700,000 VND/tael for buying and 600,000 VND/tael for selling. At Bao Tin Minh Chau, it is listed at 74.48-75.78 million VND/tael.

Currently, the difference between the price of SJC gold bars and the world price has narrowed to more than 3 million VND/tael; gold bars are only more than 1 million VND more expensive than gold rings.

The central exchange rate listed by the State Bank is 24,256 VND/USD, up 1 VND/USD. The USD price at commercial banks is traded around 25,218 VND/USD for buying and 25,468 VND/USD for selling.

Giá vàng chiều nay 21/6/2024: Vàng
Gold price today June 21, 2024: gold rings increase, close to SJC gold bars. Photo: illustration.
1. DOJI – Updated: 06/21/2024 09:07 – 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 74,550 ▲550K 75,050 ▲500K
Raw materials 999 – HN 74,450 ▲550K 74,950 ▲500K
AVPL/SJC Can Tho 74,980 76,980
2. PNJ – Updated: June 21, 2024 17:02 – Source website time – / Compared to yesterday.
Type Buy Sell
HCMC – PNJ 74,300 ▲700K 75,900 ▲650K
HCMC – SJC 74,980 76,980
Hanoi – PNJ 74,300 ▲700K 75,900 ▲650K
Hanoi – SJC 74,980 76,980
Da Nang – PNJ 74,300 ▲700K 75,900 ▲650K
Da Nang – SJC 74,980 76,980
Western Region – PNJ 74,300 ▲700K 75,900 ▲650K
Western Region – SJC 74,980 76,980
Jewelry gold price – PNJ 74,300 ▲700K 75,900 ▲650K
Jewelry gold price – SJC 74,980 76,980
Gold jewelry price – Southeast PNJ 74,300 ▲700K
Jewelry gold price – SJC 74,980 76,980
Jewelry gold price – Jewelry gold price PNJ Ring (24K) 74,300 ▲700K
Jewelry Gold Price – 24K Jewelry 74,200 ▲700K 75,000 ▲700K
Jewelry Gold Price – 18K Jewelry 55,000 ▲520K 56,400 ▲520K
Jewelry Gold Price – 14K Jewelry 42,630 ▲410K 44,030 ▲410K
Jewelry Gold Price – 10K Jewelry 29,950 ▲290K 31,350 ▲290K

World gold price this afternoon June 21, 2024 and chart of world gold price fluctuations in the past 24 hours

According to Kitco, the world gold price recorded at 2:00 p.m. today, Vietnam time, was at 2,358.34 USD/ounce. The gold price this afternoon is 18.89 USD/ounce higher than the closing price of the trading session. Converted according to the current exchange rate at Vietcombank, the world gold price is about 71.452 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 3.528 million VND/tael higher than the international gold price.

Giá vàng chiều nay 21/6/2024: Vàng
Gold price fluctuation chart in the last 24 hours

The world spot gold price stood at 2,3458.34 USD/ounce, up more than 18 USD/ounce compared to the same time yesterday. The precious metal rebounded as investors continued to expect the US Federal Reserve (FED) to begin easing monetary policy.

According to the CME FedWatch tool, investors are now predicting a 64% probability that the Fed will cut interest rates in September. Lower interest rates are usually supportive of gold prices. Meanwhile, the Swiss National Bank (SNB) yesterday cut its key interest rate by another 25 basis points, bringing it down to 1.25%. This is the second time the bank has cut interest rates this year.

Gold Price Forecast

According to experts, the gold market will heat up again when the Fed's monetary policy takes clearer steps. When the Fed pivots its policy, investment demand from the West is expected to increase and that will help gold take off.

US Bank experts predict that gold prices will fluctuate between $2,300-2,400/ounce this year and are expected to increase to the range of $2,400-2,500/ounce by the end of 2025.

Source: https://congthuong.vn/gia-vang-chieu-nay-2162024-vang-nhan-tang-manh-ap-sat-vang-mieng-sjc-the-gioi-dat-muc-cao-nhat-2-tuan-327378.html


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