Gold rings increase for the third consecutive week, SJC gold bars remain "inactive"

Báo Công thươngBáo Công thương30/06/2024


Domestic gold price this afternoon June 30, 2024

At the time of survey at 2:00 p.m. on June 30, 2024, the gold price today, June 30 , 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).

SJC gold bars have been stable for about a month since the State Bank of Vietnam (SBV) implemented a new plan to stabilize the market and narrow the gap between domestic and international gold prices. Therefore, currently, domestic and international gold prices have narrowed to more than 4.5 million VND/tael.

The price of gold rings last week marked the third consecutive week of increase, with listed transaction prices at gold businesses around VND73.95 million/tael for buying and VND75.6 million/tael for selling. Compared to the closing price of the previous trading session, it increased by VND250,000/tael.

The central exchange rate listed by the State Bank is 24,260 VND/USD, down 4 VND/USD. The USD price at commercial banks is traded around 25,223 VND/USD for buying and 25,473 VND/USD for selling.

Giá vàng chiều nay 30/6/2024: Vàng
Gold price today June 30, 2024, SJC gold price, 9999 gold price, 24k gold price, 18k gold price June 30, 2024. Photo: Can Dung
1. DOJI - Updated: June 29, 2024 08:31 - 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 74,100 74,650
Raw material 999 - HN 74,000 74,550
AVPL/SJC Can Tho 74,980 76,980
2. PNJ - Updated: June 30, 2024 15:32 - Time of website supply - / Compared to yesterday.
Type Buy Sell
HCMC - PNJ 73,950 75,600
HCMC - SJC 74,980 76,980
Hanoi - PNJ 73,950 75,600
Hanoi - SJC 74,980 76,980
Da Nang - PNJ 73,950 75,600
Da Nang - SJC 74,980 76,980
Western Region - PNJ 73,950 75,600
Western Region - SJC 74,980 76,980
Jewelry gold price - PNJ 73,950 75,600
Jewelry gold price - SJC 74,980 76,980
Jewelry gold price - Southeast PNJ 73,950
Jewelry gold price - SJC 74,980 76,980
Jewelry gold price - Jewelry gold price PNJ Ring (24K) 73,950
Jewelry Gold Price - 24K Jewelry 73,900 74,700
Jewelry Gold Price - 18K Jewelry 54,780 56,180
Jewelry Gold Price - 14K Jewelry 42,450 43,850
Jewelry Gold Price - 10K Jewelry 29,830 31,230

World gold price today June 30, 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 2,325.19 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70.461 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 4.519 million VND/tael higher than the international gold price.

Giá vàng chiều nay 30/6/2024: Vàng
Gold price fluctuation chart in the last 24 hours

World gold ended the trading week at 2,325.19 USD/ounce, up slightly by 5 USD/ounce compared to the end of last week. Last trading week, the precious metal recorded fluctuations within a narrow range, without many strong breakthroughs like previous weeks.

Currently, world gold is still trading in a fairly narrow range with a solid support level of $2,300/ounce, and initial resistance at $2,350/ounce. Analysts note that the resistance level could be wider at $2,400/ounce.

Phillip Streible, chief market strategist at Blue Line Futures, said some recent economic data has supported the gold market. According to the US Commerce Department, the headline personal consumption expenditures (PCE) price index was flat in May and rose 2.6% year-over-year. This is the US Federal Reserve's preferred inflation measure.

The interest rate futures market is now pricing in a 25 basis point cut in September from the Fed, which had initially expected at least six rate cuts, but now expects just two, starting in September.

Gold Price Forecast

According to Fxstreet analyst Joaquin Monfort, the long-term outlook for gold remains positive. Geopolitical instability in the Middle East, Ukraine, climate change and technology-driven economic challenges are all risk factors that are driving demand for gold as a safe haven.

Most industry professionals plan to stay on the sidelines next week, while retail sentiment is divided on gold’s near-term outlook, the latest Kitco News weekly gold survey shows.

Twelve Wall Street analysts participated in the Kitco News Gold Survey, and four, or 33%, predicted higher gold prices next week, while two, or 17%, predicted lower prices. The remaining six analysts were pessimistic about gold’s direction next week.

Meanwhile, 178 votes were cast in Kitco's online poll, showing that 86 retail traders, or 48%, predict gold prices will rise next week. Another 50%, or 28%, predict the yellow metal will fall, while 42 respondents, or 24%, see prices continuing to move sideways next week.



Source: https://congthuong.vn/gia-vang-chieu-nay-3062024-vang-nhan-tang-tuan-thu-3-lien-tiep-vang-mieng-sjc-van-an-binh-bat-dong-329158.html

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