Domestic gold price this afternoon July 17, 2024
At the time of survey at 2:00 p.m. on July 17, 2024, the gold price today, July 17, on the trading floors of some companies is as follows:
The price of SJC gold listed by the gold house is 75.48 million VND/tael for buying and 76.98 million VND/tael for selling.
DOJI listed the price of 9999 gold this afternoon at 75.50 million VND/tael for buying and 76.98 million VND/tael for selling. The gold price increased by 520,000 VND/tael for buying.
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 75.88 - 76.98 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.23 - 76.98 million VND/tael (buy - sell). Gold price increased by 230,000 VND/tael for buying.
SJC gold bars have been adjusted up by half a million VND at some gold brands, currently the difference between domestic and international prices is only 1.1 million VND/tael.
Meanwhile, gold bars continued to increase rapidly following the increase in world gold prices. Specifically, the buying and selling price of SJC 9999 gold rings was at 75.48 - 76.88 million VND/tael, an increase of 30,000 VND/tael for buying compared to yesterday. DOJI Hung Thinh Vuong 9999 gold rings stood at 76.7 - 77.9 million VND/tael, an increase of 450,000 VND/tael for buying and 400,000 VND/tael for selling compared to yesterday.
The central exchange rate listed by the State Bank is 24,256 VND/USD, up 11 VND/USD. The USD price at commercial banks is traded around 25,218 VND/USD for buying and 25,468 VND/USD for selling.
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| Gold price today July 17, 2024. Photo: illustration. |
| 1. DOJI – Updated: 07/17/2024 14:00 – Source website time – ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| AVPL/SJC HN | 76,000 ▲500K | 76,980 |
| AVPL/SJC HCM | 76,000 ▲500K | 76,980 |
| AVPL/SJC DN | 76,000 ▲1020K | 76,980 |
| Raw material 9999 – HN | 76,200 ▲400K | 76,700 ▲450K |
| Raw materials 999 – HN | 76,100 ▲400K | 76,600 ▲450K |
| AVPL/SJC Can Tho | 76,000 ▲500K | 76,980 |
| 2. PNJ – Updated: 07/17/2024 14:30 – Time of the source website – ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC – PNJ | 76,300 ▲800K | 77,000 ▲100K |
| HCMC – SJC | 75,980 ▲500K | 76,980 |
| Hanoi – PNJ | 76,300 ▲800K | 77,000 ▲100K |
| Hanoi – SJC | 75,980 ▲500K | 76,980 |
| Da Nang – PNJ | 76,300 ▲800K | 77,000 ▲100K |
| Da Nang – SJC | 75,980 ▲500K | 76,980 |
| Western Region – PNJ | 76,300 ▲800K | 77,000 ▲100K |
| Western Region – SJC | 75,980 ▲500K | 76,980 |
| Jewelry gold price – PNJ | 76,300 ▲800K | 77,000 ▲100K |
| Jewelry gold price – SJC | 75,980 ▲500K | 76,980 |
| Gold jewelry price – Southeast | PNJ | 76,300 ▲800K |
| Jewelry gold price – SJC | 75,980 ▲500K | 76,980 |
| Jewelry gold price – Jewelry gold price | PNJ Ring (24K) | 76,300 ▲800K |
| Jewelry Gold Price – 24K Jewelry | 76,200 ▲800K | 77,000 ▲800K |
| Jewelry Gold Price – 18K Jewelry | 56,500 ▲600K | 57,900 ▲600K |
| Jewelry Gold Price – 14K Jewelry | 43,800 ▲470K | 45,200 ▲470K |
| Jewelry Gold Price – 10K Jewelry | 30,780 ▲330K | 32,180 ▲330K |
World gold price today July 17, 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 2,470.1 USD/ounce. The gold price this afternoon is 44.96 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 74.838 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 1.142 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 2,470 USD/ounce, up more than 44 USD/ounce compared to yesterday's gold price. The precious metal soared to near its historical peak amid waves of optimism about interest rate cuts and fears about geopolitical instability.
The world's No. 1 economy also just announced retail sales for June, data showed sales were flat, or up 0% from the previous month, while May saw a 0.5% increase. June retail sales (excluding automobiles) rose 0.4%, lower than the previous expectation of a 0.65% increase, while June import prices increased year-on-year from 1.1% the previous month to 1.6% compared to the same period last year.
The weak retail sales data has investors worried that consumers will be more cautious in spending, which will certainly affect the production and business activities of enterprises. On the other hand, the increase in import prices will cause domestic consumer prices to increase again, making it difficult for inflation to fall back to the expected level soon.
However, in that context, gold prices increased as investors bought this precious metal to keep capital flows stable and seek additional profits.
Gold Price Forecast
Market expectations that the Fed will pivot its policy are pushing gold prices to new record highs. Robert Minter, chief investment strategist at Abrdn, believes that a bright picture for gold is still ahead.
According to Joe Cavatoni, market strategist at the World Gold Council, the biggest driver of gold prices is interest rate cuts from central banks. When interest rates start to change in the United States, that will be a catalyst for gold prices to go up.
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