However, overall during the week, world gold prices increased slightly by 0.6%, while domestic gold prices increased by 100,000 - 200,000 VND/tael.
Domestic gold price today June 11
Gold price today, June 11, in the domestic market (at 8:00 am) remained stable compared to yesterday.
Specifically, the SJC gold price at SJC Company ( Hanoi ) is listed at 66.55 - 67.17 million VND/tael (buy - sell);
The price of 9999 gold at Phu Quy Group is listed at 66.45 - 67.05 million VND/tael (buy - sell);
PNJ gold price in Hanoi and Ho Chi Minh City is traded at 66.50 - 67.10 million VND/tael (buy - sell);
Gold bar price at Bao Tin Minh Chau is traded at 66.50 - 67.04 million VND/tael (buy - sell);
DOJI gold price in Hanoi is listed at 66.45 - 67.05 million VND/tael (buy - sell);
In Ho Chi Minh City, DOJI gold price is traded around 66.50 - 67.00 million VND/tael (buy - sell);
With the current USD exchange rate (at 23,650 VND/USD), the domestic gold price is 11,013 million VND/tael higher than the world market.
Overall for the week, following the world price increase, domestic gold price also increased by 100 - 200 thousand VND/tael compared to last week.
World gold prices remain stable
World gold prices today continue to remain stable (Illustration photo).
In the world market, the gold price today, June 11, on the Kitco floor (at 8:00 a.m. Vietnam time) was at 1,960.7 - 1,961.2 USD/ounce. The world gold price closed this week at 1,960.70 USD/ounce.
Global gold prices remained stable above $1,960/ounce as the USD remained high.
Thus, the world gold price this week increased slightly by 0.6% compared to last week. This is also the second consecutive week that the global gold market has increased.
Experts say the direction of this precious metal next week will depend on the Fed's policy decision.
With the new macro data released, most analysts predict the Fed will pause in June but also do not rule out the possibility of more rate hikes this summer.
Despite the rise in gold prices, analysts are less optimistic about gold in the short term as risks of a Fed rate hike and a higher US dollar will put pressure on the precious metal.
PHAM DUY
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