On Sunday morning, June 1, the price of SJC gold bars was commonly listed by businesses at around 115.7 million VND/tael for buying and 118.2 million VND/tael for selling, down 2.8 million VND/tael compared to the end of last week.
The price of 99.99 gold rings and jewelry gold is also traded by many businesses at around 110.5 million VND/tael for buying and 111.5 million VND/tael for selling, losing about 2.5 million VND/tael.
The lowest level recorded last week was the price of SJC gold bars falling deeply to 117.2 million VND/tael.
With the current situation, those who buy gold bars at the peak of 121 million VND/tael, if they sell at this time, will lose about 5 million VND/tael (calculated according to the gold company's purchase price of 115.7 million VND/tael).
Gold prices today are expected to decrease further in the domestic market, but experts predict an increase in the international market.
However, many people still expect domestic gold prices to continue to decline, after a series of directives related to eliminating the monopoly of SJC gold bars, allowing many qualified businesses to participate in gold bar production, researching the establishment of gold trading floors and narrowing the gap between domestic and world gold prices.
Currently, the difference between domestic and international gold prices is at least 10 million VND/tael. If the gap is narrowed as directed by the management agency, the price of gold bars will have a chance to decrease further.
On the international market, the gold price closed the trading week at 3,290 USD/ounce, down about 66 USD/ounce compared to the end of last week (equivalent to about 2 million VND/tael).
Despite the sharp drop, gold prices next week are still forecast by both analysts and investors to be optimistic and "recover what was lost last week", according to Kitco's survey results.
SJC gold bar price continued to fluctuate strongly last week
Specifically, in a survey on Wall Street, 14 analysts participated in the survey, of which 43% said that gold prices will continue to increase, 29% predicted that gold prices will decrease and the remaining 29% said that gold prices will remain stable.
This week’s Main Street online survey saw a surge in investor participation. Of the 2,490 investors who participated, 56% said they expect gold prices to continue rising, 24% said they expect prices to fall, and 20% said they expect prices to stay the same.
According to analysts, US stocks may be negatively affected by President Donald Trump's constantly fluctuating tariff policies; central banks of countries increase gold purchases... which will help gold prices continue to rise.
Currently, the world gold price converted according to the listed exchange rate is about 104 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-1-6-nguoi-mua-vang-mieng-lo-gan-5-trieu-dong-gia-con-giam-tiep-196250531201714729.htm
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