Gold prices fell by more than 3 million VND per tael.

VTV.vn - On the afternoon of May 28th, the price of SJC gold continued to plummet, following the downward trend of world gold prices, and hit a 5-month low.

At 4:50 PM, the SJC gold price was listed by Saigon Jewelry Company at 154.5 - 157.5 million VND/ounce (buying price - selling price). This price decreased by 3.2 million VND/ounce in both buying and selling compared to the closing price yesterday.

Compared to earlier this morning, each SJC gold bar has become 1.5 million VND cheaper for both buying and selling. This is also the lowest price for the precious metal in the country in about 5 months.

Regarding the silver market, at 3:31 PM, Phu Quy Group listed the price of Phu Quy 999 silver bars (1 tael) and Phu Quy 999 silver ingots (1 tael, 5 taels, 10 taels, and 1 kilo) at 2.786 million VND/tael for buying and 2.872 million VND/tael for selling.

Specifically, the price of 999 pure silver art pieces is slightly higher, remaining at 3.278 million VND/ounce. For investors trading in large quantities, the buying price for Phu Quy 999 silver bars (1 Kilo) this afternoon is 74.293148 million VND/kg and the selling price is 76.586475 million VND/kg.

On the international market, during the afternoon trading session on May 28th, world gold prices fell to their lowest level in two months amid new US airstrikes against Iran, which pushed up the US dollar and oil prices, thereby fueling inflation concerns and dimming the prospect of interest rate easing.

As of 7:40 GMT (approximately 2:40 PM Vietnam time), spot gold prices fell 1.5% to $4,388.76 per ounce. Earlier in the session, the precious metal had touched its lowest level since March 26. US gold futures for June 2026 delivery also fell 1.4% to $4,386 per ounce.

In other precious metals markets, spot silver prices fell 1.7% to $73.36 per ounce, while platinum lost 1.1% to $1,897.80 per ounce. Both metals had earlier touched their lowest levels in nearly a month. Palladium prices declined 1.2% to $1,373.58 per ounce.

Over the past 10 days, global gold prices have fluctuated continuously. The market is under pressure as the US dollar strengthens and US government bond yields rise, due to investor concerns that a prolonged conflict between the US and Iran could lead to increased inflation.

Matt Simpson, a senior analyst at StoneX, believes geopolitical tensions remain high and the market has seen too many false signals from peace negotiations. Therefore, money will continue to flow into the US dollar, meaning gold prices will face significant pressure.

Source: https://vtv.vn/gia-vang-giam-hon-3-trieu-dong-luong-100260528174117632.htm