Domestic gold price today
Domestic gold bar prices today increased by 800,000 VND/tael, selling at 118.5 million VND/tael at some major gold brands.
Accordingly, SJC, PNJ and Bao Tin Minh Chau gold bars are being bought at 116.50 million VND/tael and sold at 118.50 million VND/tael.
DOJI gold increased by 300,000 VND/tael in both directions, listed at 116 million VND/tael for buying - 118 million VND/tael for selling.
Phu Quy SJC Gold also increased by 800,000 VND/tael, trading at 115.80 million VND/tael for buying - 118.50 million VND/tael for selling.
The price of gold rings of various brands was also adjusted to increase by up to 800,000 VND/tael compared to yesterday.
Specifically, SJC listed gold rings at 111.7 million VND/tael for buying - 114 million VND/tael for selling.
The price of gold rings at DOJI is listed at 113 million VND/tael for buying - 115.5 million VND/tael for selling.
The price of gold rings at PNJ is listed at 112 million VND/tael for buying - 114.8 million VND/tael for selling.
Bao Tin Minh Chau listed the price of gold rings at 114.2 million VND/tael for buying - 117.2 million VND/tael for selling.
Phu Quy listed the price of gold rings at 112.2 million VND/tael for buying - 115.2 million VND/tael for selling.
World gold price today
Today's world gold price on Kitco exchange is at 3,322.22 - 3,324.22 USD/ounce (equivalent to about 105 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees) - a slight increase of 0.43 USD in the past 24 hours.
Gold futures were trading around $3,341.9 an ounce, down 0.04% from early this morning.
Thus, the difference between domestic gold bar price and world gold price (converted according to Vietcombank exchange rate, excluding tax and fees) is about 13 million VND/tael.
The global gold market fluctuated strongly when the US-China trade negotiations began in London (UK), creating conflicting pressure on the price of precious metals. However, as the US-China trade negotiations continue, experts say that gold prices will be traded cautiously until there is clear progress between the two sides.
Experts say the outcome of the negotiations between the world’s two largest economies will almost certainly determine the price of gold in the short term. There will be two scenarios: If the negotiations go well as US President Donald Trump has said, the price of gold will fall. Conversely, if the two sides fail to reach an agreement as expected and trade tensions continue to escalate, the price of gold will be pushed up.
Meanwhile, US inflation data scheduled for release on June 11 could help investors navigate the US Federal Reserve’s (Fed) monetary policy. If the consumer price index (CPI) increases moderately, the market is unlikely to see much volatility. However, if the CPI spikes, investors may become more cautious, leading to a shift in capital to safe-haven assets, thereby creating momentum for gold prices to rise.
Forecasting the trend of world gold prices, according to many analysts, gold is witnessing new investment demand because it is considered the ultimate safe haven asset. Unstable global debt levels and rising inflation make bonds less attractive, along with geopolitical and economic uncertainties, creating an environment that will continue to support gold prices in the next two years.
Source: https://baohatinh.vn/gia-vang-hom-nay-1162025-vuot-118-trieu-dongluong-post289607.html
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