Domestic gold price this afternoon 7/11/2024
At the time of survey at 2:00 p.m. on July 11, 2024, the gold price today, July 11, 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 76.20 - 76.98 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 75.50 - 76.98 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.00 - 76.98 million VND/tael (buy - sell).
SJC gold bars have not changed their trading prices in both buying and selling directions, while world gold prices have increased sharply, narrowing the gap between domestic and world prices to VND2.86 million/tael.
Today's gold ring trading session recorded a simultaneous increase compared to yesterday from 200,000 - 300,000 VND/tael. Specifically, at DOJI Group, the price of plain gold rings is currently listed at 75.35-76.60 million VND/tael, an increase of 100,000 VND/tael compared to yesterday. SJC Company adjusted the price up 200,000 VND/tael to 74.55-76.25 million VND/tael. Bao Tin Minh Chau also increased by 100,000 VND/tael, listing the price of gold rings at 75.28-76.58 million VND/tael.
The central exchange rate listed by the State Bank is 24,253 VND/USD, up 6 VND/USD. The USD price at commercial banks is traded around 25,215 VND/USD for buying and 25,465 VND/USD for selling.
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| Gold price today July 11, 2024, SJC gold price, 9999 gold price, 24k gold price, 18k gold price July 171, 2024. Photo: Can Dung |
| 1. DOJI – Updated: 11/07/2024 13:22 – 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 | 74,850 ▲300K | 75,550 ▲200K |
| Raw materials 999 – HN | 74,750 ▲300K | 75,450 ▲200K |
| AVPL/SJC Can Tho | 74,980 | 76,980 |
| 2. PNJ – Updated: 11/07/2024 13:30 – Time of the supply website – ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC – PNJ | 74,650 ▲350K | 76,200 ▲300K |
| HCMC – SJC | 74,980 | 76,980 |
| Hanoi – PNJ | 74,650 ▲350K | 76,200 ▲300K |
| Hanoi – SJC | 74,980 | 76,980 |
| Da Nang – PNJ | 74,650 ▲350K | 76,200 ▲300K |
| Da Nang – SJC | 74,980 | 76,980 |
| Western Region – PNJ | 74,650 ▲350K | 76,200 ▲300K |
| Western Region – SJC | 74,980 | 76,980 |
| Jewelry gold price – PNJ | 74,650 ▲350K | 76,200 ▲300K |
| Jewelry gold price – SJC | 74,980 | 76,980 |
| Gold jewelry price – Southeast | PNJ | 74,650 ▲350K |
| Jewelry gold price – SJC | 74,980 | 76,980 |
| Jewelry gold price – Jewelry gold price | PNJ Ring (24K) | 74,650 ▲350K |
| Jewelry Gold Price – 24K Jewelry | 74,600 ▲400K | 75,400 ▲400K |
| Jewelry Gold Price – 18K Jewelry | 55,300 ▲300K | 56,700 ▲300K |
| Jewelry Gold Price – 14K Jewelry | 42,860 ▲230K | 44,260 ▲230K |
| Jewelry Gold Price – 10K Jewelry | 30,120 ▲170K | 31,520 ▲170K |
World gold price today 7/11/2024 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 2,380.68 USD/ounce. Today's gold price increased by 11.41 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 72.120 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 2.86 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 2/380.68 USD/ounce, compared to the same session yesterday, it continued to increase by more than 11 USD/ounce. The yellow precious metal continued to rise in the context of the Chairman of the US Federal Reserve (FED) speaking before the US House Committee about the working situation is getting better.
While maintaining a cautious stance, Mr. Powell acknowledged that inflation had cooled and said the case for a rate cut would increase if there were more positive data.
According to StoneX analyst Rhona O'Connell, Mr. Jerome Powell's speech sent an optimistic signal about cutting interest rates sooner than expected and this is supporting prices.
Gold Price Forecast
Traders now see a 73% chance of a rate cut in September, according to the CME FedWatch tool. Another cut is expected in December.
Markets are awaiting US Consumer Price Index (CPI) data due on Thursday. Analysts expect inflation to rise 0.1% month-on-month, while core inflation (excluding volatile food and energy prices) is expected to rise 0.2%. Annual increases are expected to be 3.1% and 3.4%, respectively. The Producer Price Index (PPI) report is also due on Friday.
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