Gold price continues to fall, to lowest level in a week

After a sharp drop in the early morning of May 26, domestic gold prices continued to drop by 1 million VND/tael, to the lowest level in the past week.

At nearly 3:00 p.m., Phu Quy Group listed gold rings at 112 million VND/tael (buy) - 115 million VND/tael (sell), down 500,000 VND/tael each afternoon compared to the same morning.

Gold price decreased by 2 million VND/tael compared to last weekend. Photo: HT

Saigon Jewelry Company Limited continued to lower the price by VND500,000/tael each way, down to VND115 million/tael (buy) - VND117.5 million/tael (sell).

114.7 million VND/tael (buy) - 117.7 million VND/tael (sell) is the price listed by Bao Tin Minh Chau Company Limited for plain round gold rings, down 300,000 VND/tael compared to the opening price.

The price of SJC gold bars is set by the enterprise at 116.5 million VND/tael (buy) - 119 million VND/tael (sell), 500,000 VND/tael (buy) and 1 million VND/tael (sell) lower than the morning of the same day.

The current price is the lowest since May 19.

This morning, the price of gold rings decreased by 500,000-1,000,000 VND/tael; the price of SJC gold bars decreased by 2 million VND/tael (buying price) and 1 million VND/tael (selling price).

With the above developments, the price of gold rings decreased by a total of VND800,0000-2,000,000/tael (buying price) and VND800,000-1,500,000/tael (selling price) compared to the end of last week. The price of SJC gold bars decreased by VND2.5 million/tael (buying price) and VND2 million/tael (selling price).

On the international market, at 4:00 p.m., the gold price was trading at 3,336.3 USD/ounce compared to 3,340.7 USD/ounce at 8:30 a.m. the same day. The converted world gold price is about 13.8 million VND/tael lower than the domestic gold price.

Thus, the difference between domestic gold price and international gold price is gradually decreasing.

Source: https://hanoimoi.vn/gia-vang-giam-tiep-xuong-thap-nhat-1-tuan-qua-703548.html