Domestic gold price today September 5
Early afternoon of September 5 , today's SJC 9999 gold price increased by 150 thousand VND/tael in both buying and selling compared to the morning.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 13:48 and the price of 9999 gold was listed by Doji Jewelry Group at 13:40 as follows:
| Buy | Sell | |
| SJC Hanoi | 67,700,000 VND/tael | 68,320,000 VND/tael |
| SJC HCMC | 67,700,000 VND/tael | 68,300,000 VND/tael |
| SJC Danang | 67,700,000 VND/tael | 68,320,000 VND/tael |
| Doji Hanoi | 67,600,000 VND/tael | 68,350,000 VND/tael |
| Doji HCMC | 67,500,000 VND/tael | 68,200,000 VND/tael |
SJC and DOJI gold price list updated early afternoon September 5
Early morning of September 5 , SJC's 9999 gold price today remained unchanged in the buying direction but decreased by 100 thousand VND/tael in the selling direction compared to the end of the trading session on September 1.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:29 am and the price of 9999 gold was listed by Doji Jewelry Group at 8:46 am as follows:
| Buy | Sell | |
| SJC Hanoi | 67,550,000 VND/tael | 68,170,000 VND/tael |
| SJC HCMC | 67,550,000 VND/tael | 68,150,000 VND/tael |
| SJC Danang | 67,550,000 VND/tael | 68,170,000 VND/tael |
| Doji Hanoi | 67,450,000 VND/tael | 68,250,000 VND/tael |
| Doji HCMC | 67,400,000 VND/tael | 68,100,000 VND/tael |
SJC gold price list updated early morning September 5
At the end of the trading session on September 2, the price of 9999 gold bars at SJC Ho Chi Minh City was 67.55 million VND/tael (buy) and 68.25 million VND/tael (sell). SJC Hanoi listed at 67.55 million VND/tael (buy) and 67.27 million VND/tael (sell).
Doji Hanoi listed at 67.6 million VND/tael (buy) and 68.3 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 67.5 million VND/tael and sold at 68.2 million VND/tael.
The central exchange rate on September 5 announced by the State Bank was 23,959 VND/USD, down 18 VND compared to the trading session before the September 2 holiday. The USD price at commercial banks this morning (September 5) was traded around 23,870 VND/USD (buy) and 24,240 VND/USD (sell).
International gold price today 9/5
At 9:15 a.m. today (September 5, Vietnam time), the world spot gold price stood at around 1,935.8 USD/ounce, down 3.76 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,961.6 USD/ounce.
On the morning of September 5 , world gold converted to USD bank price was nearly 56.57 million VND/tael (excluding tax and fees), about 11.6 million VND/tael lower than domestic gold price.
On the world market, the spot gold price on Kitco floor on September 4 (at 8:00 p.m., Vietnam time) was trading at 1,939.56 USD/ounce.
Dismal US economic data released last week suggested the US Federal Reserve (Fed) may not raise interest rates at its meeting this month, which would benefit the gold market.
According to CME's FedWatch tool, the probability of the Fed keeping interest rates unchanged in September has increased from 89% to 93%.
Adrian Day, Chairman of Adrian Day Asset Management, sees precious metals rising in the near future, as all investment directions are shifting to gold.
Adrian Day said the US and other economies are mixed, but largely reflect a weakening global economy. Markets are pricing in the possibility that the Fed will be less likely to tighten monetary policy in the near future.
Daniel Pavilonis, senior commodities broker at RJO Futures, said that gold will only rise in the short term. The precious metal will still be under pressure in the short term as some economic data remains relatively strong.
Gold Price Forecast
Retail investors expect gold prices to trade around $1,962 an ounce this week, according to the latest Kitco survey.
Marc Chandler, CEO of Bannockburn Global Forex, expects the precious metal to rise based on the economic data released this week. Marc Chandler forecasts that the spot price of the precious metal will trade in a range of $1,975-1,985 per ounce.
Sean Lusk, co-director of commercial hedging at Walsh Trading, remains cautious about gold’s short-term outlook, saying that with stocks and the dollar higher, gold could fall.
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