Gold price decreased by 2 million VND, down to 119 million VND/tael

(Dan Tri) - Domestic gold bar and gold ring prices have all decreased in line with world prices. The selling price of SJC gold bars is 4.5 million VND/tael more expensive than gold rings.

Gold prices fell across the board

At the end of the trading session on May 26, the price of SJC gold bars was listed by large enterprises at 116.5-119 million VND/tael (buy - sell). Compared to the previous session, the buying price of gold bars decreased by 2.5 million VND and the selling price decreased by 2 million VND. The difference between the two buying and selling directions is currently 2.5 million VND.

The price of plain gold rings is listed at 111.5-114.5 million VND/tael (buy - sell), down 2 million VND in buying and down 1.5 million VND in selling. Thus, the selling price of gold bars is 4.5 million VND/tael more expensive than the selling price of gold rings.

Domestic gold prices fell across the board amid falling world prices. On the international market, gold prices were trading around $3,339/ounce. Converted at the exchange rate excluding taxes and fees, the world gold price is equivalent to VND105 million/tael.

Domestic gold prices fell across the board (Photo: Tien Tuan).

Experts say the possibility of gold price correction in the short term cannot be ruled out, especially when profit-taking pressure occurs after a period of strong growth.

Investors are advised to continue monitoring global trade tensions, especially between the US and major trading partners, which could impact demand for safe-haven assets like gold.

The market is also looking ahead to upcoming economic data and monetary policy meetings to gauge the next direction of gold prices. Despite the slight correction, the long-term outlook for gold remains positive as economic uncertainties and geopolitical tensions persist.

USD fell across the board

The USD-Index - a measure of the greenback's strength against a basket of major currencies - fell 0.09% to 99.02 points. Last week, the index fell nearly 2% and has continued to fall in the first two trading sessions of this week.

Domestically, at the end of the trading session on May 26, the State Bank announced the central exchange rate at 24,940 VND/USD, down 15 VND compared to the previously listed rate. With a 5% band, the USD exchange rate that commercial banks are allowed to trade is 23,696-26,187 VND/USD.

Major banks listed the USD exchange rate at 25,730-26,090 VND (buy - sell), down 40 VND each way. Joint stock banks listed the exchange rate at 25,720-26,100 VND (buy - sell).

In the "black market", the USD is traded at 26,240-26,340 VND (buy - sell), down 80 VND each way compared to before.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-giam-2-trieu-dong-xuong-119-trieu-dongluong-20250527011933114.htm