Domestic gold price today August 29
Early afternoon of August 29 , today's SJC 9999 gold price increased by 50 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 16:05 and the price of 9999 gold was listed by Doji Jewelry Group at 16:07 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 | 67,300,000 VND/tael | 68,200,000 VND/tael |
| Doji HCMC | 67,400,000 VND/tael | 68,100,000 VND/tael |
SJC and DOJI gold price list updated early afternoon August 29
Early morning of August 29 , SJC 9999 gold price today remained unchanged compared to yesterday's closing price.
The price of 9999 gold is updated by Saigon Jewelry Company Limited (SJC) at 9:00 a.m. and the price of 9999 gold is listed by Doji Jewelry Group at 8:40 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 67,500,000 VND/tael | 68,120,000 VND/tael |
| SJC HCMC | 67,500,000 VND/tael | 68,100,000 VND/tael |
| SJC Danang | 67,500,000 VND/tael | 68,120,000 VND/tael |
| Doji Hanoi | 67,250,000 VND/tael | 68,150,000 VND/tael |
| Doji HCMC | 67,350,000 VND/tael | 68,050,000 VND/tael |
SJC and DOJI gold price list updated early morning August 29
At the end of the trading session on August 28, the price of 9999 gold bars at SJC Ho Chi Minh City was 67.5 million VND/tael (buy) and 68.1 million VND/tael (sell). SJC Hanoi listed at 67.5 million VND/tael (buy) and 68.12 million VND/tael (sell).
Doji Hanoi listed at 67.25 million VND/tael (buy) and 68.15 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 67.3 million VND/tael and sold at 68 million VND/tael.
The central exchange rate on August 29 announced by the State Bank is 23,963 VND/USD, up 3 VND compared to yesterday. The USD price at commercial banks this morning (August 29) was traded around 23,900 VND/USD (buy) and 24,270 VND/USD (sell).
International gold price today August 29
At 9:16 a.m. today (August 29, Vietnam time) , the world spot gold price stood at around 1,921.9 USD/ounce, up 6.4 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,949.7 USD/ounce.
On the morning of August 29 , world gold converted to USD bank price was over 56.23 million VND/tael (excluding tax and fees), about 11.89 million VND/tael lower than domestic gold price.
On the world market, the spot gold price on Kitco on August 28 (at 7:00 p.m., Vietnam time) was trading at 1,915.5 USD/ounce.
Analysts say the gold market could see some volatility after this week’s macroeconomic data releases. The US economy continues to play a key role in investor sentiment.
In the short term, gold is stuck by the statement of the Chairman of the US Federal Reserve (Fed) Jerome Powell that interest rates will remain high.
Phillip Streible, chief market strategist at Blue Line Futures, said investors will take a more cautious stance on gold in the coming period.
Any signs of economic weakness could mean the US central bank doesn't need to raise interest rates further, which would support gold prices, said Christopher Vecchio, head of futures and foreign exchange at Tastylive.
Gold Price Forecast
This week, the gold market is waiting for a series of important economic data to be released such as: Employment report, revised second quarter GDP along with the personal consumption expenditure index (PCE) and manufacturing index (ISM)...
The data will help investors predict the likely path of interest rates as the Fed tries to balance inflation and growth risks.
The latest Kitco News weekly gold survey shows that most retail investors expect gold prices to rise in the near term.
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