Domestic gold price today
Domestic gold bar prices decreased slightly. At the end of May 31, gold brands were buying at VND115.7 million/tael and selling at VND118.2 million/tael. Phu Quy SJC Gold was buying at VND500,000/tael lower than other brands.
Similarly, the buying and selling prices of gold rings of various brands have also been adjusted up. Specifically, the listed price of SJC 9999 gold rings is 110.5 million VND/tael for buying and 113.5 million VND/tael for selling, stable compared to early this morning.
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Domestic gold price decreased following world gold price. Photo: baochinhphu.vn |
DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 111 million VND/tael for buying and 113.5 million VND/tael for selling, down 500,000 VND/tael in both buying and selling compared to early yesterday morning.
The price of Bao Tin Minh Chau brand gold rings is listed at 113 million VND/tael for buying and 116 million VND/tael for selling, down 500,000 VND/tael in both directions compared to early this morning.
Phu Quy SJC is buying gold rings at 110.5 million VND/tael and selling at 113.5 million VND/tael, down 800,000 VND/tael in both buying and selling prices compared to early this morning.
The listed price of PNJ brand gold rings is 110.5 million VND/tael for buying and 113.6 million VND/tael for selling, down 700,000 VND/tael for buying and down 800,000 VND/tael for selling.
Domestic gold bar prices updated at 5:30 a.m. June 1 as follows:
Yellow | Area | Early morning 31-5 | Early morning 1-6 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | ||||
Ho Chi Minh City | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | ||||
SJC | Ho Chi Minh City | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | |||
Hanoi | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | ||||
Danang | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | ||||
PNJ | Ho Chi Minh City | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | |||
Hanoi | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | ||||
Bao Tin Minh Chau | Nationwide | 116 | 118.5 | 115.7 | 118.2 | -300 | -300 | |||
Phu Quy SJC | Nationwide | 115.5 | 118.5 | 115 | 118.2 | -500 | -300 | |||
World gold price today
World gold prices fell, with spot gold down $28.9 to $3,288.3 an ounce. Gold futures last traded at $3,315.4 an ounce, stable compared to early yesterday morning.
Gold fell to a weekly low of $3,260 an ounce last week after the Manhattan-based Court of International Trade in New York City blocked President Donald Trump’s “Emancipation Day” tariff order. A day later, a federal court blocked the Trump administration’s plan to impose a broad range of tariffs, triggering a recovery in gold prices.
The volatile reaction of the US dollar to regulatory and policy changes also played a role in gold’s moves, with gold ending the week near $3,300 an ounce ahead of key economic data releases in June.
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| World gold price is trading at 3,288.3 USD/ounce. Illustrative photo |
The cost of living in Tokyo, Japan, rose 3.6% in May, according to the core measure, the highest in two years, latest inflation data showed.
Consumer price inflation in Germany, the world's third-largest economy, slowed slightly less than analysts expected, to 2.1%, according to Destatis' first estimate of the Harmonized Index of Consumer Prices (HICP) - the index used to measure inflation in the euro zone.
US inflation also came in slightly lower than expected in April, with the core PCE index - the Federal Reserve's preferred gauge - slowing to 2.5%, its lowest in more than four years, but still 0.5 percentage point above the Fed's medium-term target.
According to Adrian Ash, research director at BullionVault, the world's leading gold and silver investment platform for private investors, gold prices fell 0.9% in May. This was the first monthly decline since December 2024. Gold has not fallen for two consecutive months since October 2022. The past 30 months have been a long period of gold price increases, but they pale in comparison to the record 143-month period that began in the summer of 2000 and ended nearly 12 years later.
The latest Kitco News weekly gold survey shows that industry experts and retail traders have a more balanced view on the yellow metal’s potential in the near term. Adrian Day, chairman of his namesake asset management firm, sees gold prices moving sideways next week. But he expects prices to fall less sharply or for longer, as investors appear to be waiting for a dip before buying.
With the domestic gold bar price decreasing and the world gold price listed at Kitco at 3,288.3 USD/ounce (equivalent to about 102.3 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 13.4 million VND/tael.
THU UYEN
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Source: https://baodaknong.vn/gia-vang-hom-nay-1-6-gia-vang-trong-nuoc-cung-chieu-giam-voi-the-gioi-254259.html
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