Gold price this afternoon (May 21): Sharp increase, gold rings equal to gold bar price - Lang Son Newspaper and Radio and Television Station

According to today's records (May 21), the gold price in the domestic market is listed specifically as follows:

SJC gold in Hanoi and SJC gold in Da Nang: 118.5 million VND/tael for buying, 121 million VND/tael for selling (increased 1.7 million VND/tael compared to yesterday's price in both directions).

SJC Phu Quy Gold: 118.5 million VND/tael for buying, 121 million VND/tael for selling (increased 1.7 million VND/tael compared to yesterday's price in both directions).

DOJI gold in Hanoi and DOJI gold in Ho Chi Minh City: 118.5 million VND/tael for buying, 121 million VND/tael for selling (increased 1.7 million VND/tael compared to yesterday's price in both directions).

Gold price today (May 21): All increased. Illustration photo: baohatinh.vn

Price SJC gold bars at Bao Tin Minh Chau Company Limited were traded by the enterprise at 118.5 million VND/tael for buying and 121 million VND/tael for selling (an increase of 1.7 million VND/tael compared to yesterday's price in both directions). Plain round gold rings were traded by the enterprise at 114.5 million VND/tael for buying and 117.5 million VND/tael for selling (an increase of 700,000 VND/tael compared to yesterday's price in both directions).

PNJ gold rings in Ho Chi Minh City and Hanoi: 118 million VND/tael for buying, 121 million VND/tael for selling (increased 1.7 million VND/tael compared to yesterday's price in both directions).

Thus, early this afternoon (May 21), the price of gold rings and gold bars both increased sharply and traded at the highest level of 121 million VND/tael for sale, the highest increase of 1.7 million VND/tael compared to yesterday's price in both directions. Particularly, Bao Tin Minh Chau gold rings increased by 700,000 VND/tael compared to yesterday's price in both directions.

The spot gold price on the world market today (May 21) stood at 3,304 USD/ounce. The futures gold price stood at 3,306.4 USD/ounce.

Gold prices are benefiting from a broader market that remains somewhat uncertain after Moody's downgraded U.S. government debt late last week. The renewed focus on U.S. fiscal and debt issues this week has weighed on U.S. stock indexes and spurred renewed safe-haven demand for the two precious metals.

However, it is likely that the Moody's news will quickly fade away and the market's attention will then shift more to inflation concerns and whether the US Federal Reserve will keep interest rates on hold. A less dovish Fed scenario is a negative for the gold and silver markets.

Gold is often seen as a portfolio diversifier, a hedge against inflation and US dollar depreciation, and a safe haven in times of severe financial market or geopolitical tensions.

Source: https://baolangson.vn/gia-vang-chieu-nay-21-5-tang-manh-vang-nhan-bang-gia-vang-mieng-5047743.html