Gold price today August 30: Breaking all records, reaching 131 million VND/tael

On the morning of August 30, the world gold price continued to increase to 3,446.5 USD, 36.5 USD higher than yesterday. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 110.12 million VND/tael (excluding taxes and fees). Domestically, the gold price also broke all previous records when reaching a historical peak. The price of gold bars at Saigon Jewelry Company - SJC increased by 1.3 million VND, bringing the buying price to 129.1 million VND and the selling price to 130.6 million VND per tael. Currently, each tael of SJC gold bar is nearly 20.5 million VND more expensive than the world price.

Gold price on the morning of August 30 continued to set a new record, surpassing 130 million VND per tael (PHOTO: NGOC THANG)

Similarly, the price of 4-9 gold rings at SJC Company also increased by 1.5 million VND when buying to 122.5 million VND, selling to 125 million VND and also recorded a new record. Phu Nhuan Jewelry Company (PNJ) bought gold rings for 122.5 million VND and sold to 125.5 million VND... The difference between buying and selling gold rings at SJC Company is 2.5 million VND/tael and at many other businesses is 3 million VND. This means that buyers will immediately lose 3 million VND per tael.

According to a report released by the US Department of Commerce on July 29 (US time), the core personal consumption expenditures (PCE) price index - excluding food and energy costs - increased 2.9% in July compared to the same period last year and 0.1 percentage point higher than June. This is also the highest level since February. But the overall PCE index increased 2.6% compared to the same period last year, in line with experts' forecasts. The PCE index is often used by the Federal Reserve (Fed) as a key forecasting tool in monetary policy decisions.

Fed Governor Christopher Waller reiterated his support for rate cuts in a speech on August 28, even saying he was willing to consider a larger move if labor market data continued to weaken. Markets still expect the Fed to cut rates at its meeting next month. Lower interest rates are usually positive news that pushes gold prices up./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-3082025-xo-do-moi-ki-luc-tien-len-moc-31-trieu-dong-luong-185250830083327931.htm

Source: https://baolongan.vn/gia-vang-hom-nay-30-8-xo-do-moi-ki-luc-tien-len-moc-131-trieu-dong-luong-a201655.html