At the end of May 27, gold prices still fell sharply.

(NLDO) - The world gold price is falling sharply, breaking through the 3,000 USD/ounce mark at the end of the day, pulling the price of SJC gold bars down to nearly 118 million VND/tael.

At 6:30 p.m. on May 27, the world gold price was trading at $3,290/ounce, down $50/ounce compared to the morning. Compared to the closing price of the weekend, each ounce of gold lost nearly $70/ounce (equivalent to about VND2.2 million/tael).

Precious metals on the international market decreased as demand for gold as a safe haven eased. However, gold prices are expected to continue to increase strongly in the medium to long term, with a target of up to 3,500 USD/ounce - a historical peak set in April due to geopolitical risks and US tariff policies.

The world gold price plummeted at the end of the day, dragging down domestic gold prices.

SJC gold bar price drops faster than gold ring price

Currently, the price of SJC gold bars listed by major gold companies has dropped to 115.8 million VND/tael for buying and 118 million VND/tael for selling, down another 1 million VND/tael compared to the morning. In the past 2 days, the price of gold bars has decreased by a total of 3 million VND/tael.

The price of SJC gold bars is at its lowest level in nearly a month. Compared to the record peak of 124 million VND, each tael of gold has lost 6 million VND/tael.

Meanwhile, the price of gold rings and jewelry gold was traded around 111 - 114 million VND/tael for buying and selling, down 500,000 VND per tael compared to the morning.

The price of gold rings is currently about VND4 million lower than that of SJC gold bars – the difference has narrowed in recent days, as the price of gold bars has decreased more rapidly.

Currently, the world gold price converted according to the listed exchange rate is about 103.5 million VND/tael.

World gold prices are plummeting

Source: https://nld.com.vn/cuoi-ngay-27-5-gia-vang-van-rot-manh-196250527184504433.htm