Gold bars return to 118.5 million VND/tael
At the end of the trading session on June 10, the price of SJC gold bars was listed by large enterprises at 116.5-118.5 million VND/tael (buy - sell), an increase of 800,000 VND each way compared to the closing price of the previous session. The difference between the two buying and selling directions is currently 2 million VND/tael.
The selling price of 118.5 million VND/tael is also the highest price of this item in the past 2 weeks.
Meanwhile, the price of plain gold rings was adjusted by businesses to increase by 200,000 VND for buying and 300,000 VND for selling, listed at 111.5-113.8 million VND/tael (buy - sell).
Domestic gold prices increased simultaneously (Photo: Manh Quan).
Domestic gold prices increased simultaneously while world gold prices remained above the threshold of 3,300 USD/ounce. Investors are waiting for the results of trade negotiations between the US and China. Uncertainty in US-China trade relations will continue to be a key factor driving demand for gold.
The 10-year US Treasury yield is currently around 4.5%, slightly down, also providing additional momentum for gold prices to rise. In addition, US inflation data expected to be released this week is also attracting attention.
The financial developments of the day also reflected the shift in market sentiment. The continued weakness of the US dollar amid the start of trade negotiations added support to the gold rally, while US Treasury yields fell across all maturities.
Meanwhile, world gold prices are being temporarily supported by information that the People's Bank of China (PBOC) has been net gold buyers for the seventh consecutive month.
The world's largest gold ETF, SPDR Gold Trust, also net bought about 2 tons of gold in the first session of the week, increasing its holdings to 936.2 tons of gold. Last week, the fund also net bought 4 tons of gold.
Earlier, according to Marc Chandler, CEO of Bannockburn Global Forex, gold prices may face selling pressure. With better-than-expected employment data and expectations of a solid CPI, gold, after approaching the $3,400/ounce mark, will stop and may slide back to the $3,300/ounce mark.
Bank USD price drops sharply
In the foreign exchange market, the central exchange rate ending June 10 was listed by the State Bank at 24,992 VND/USD, down 7 VND compared to the previous one. With a 5% margin compared to the central exchange rate, the ceiling rate applied is 26,234 VND/USD and the floor rate is 23,736 VND/USD.
The USD exchange rate listed by major banks is 25,810-26,200 VND (buying - selling), down 20 VND for buying and down 10 VND for selling compared to the previous day. At joint stock banks, the corresponding exchange rate for buying and selling is 25,820-26,200 VND, down 10 VND for both buying and selling.
On the free market, the USD price is traded at 26,280-26,380 VND (buy - sell), unchanged from before.
Source: https://dantri.com.vn/kinh-doanh/gia-vang-dong-loat-tang-vang-mieng-tro-lai-moc-1185-trieu-dongluong-20250611010552796.htm
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