Domestic gold price today

Domestic gold prices fluctuated slightly this morning. Currently, the domestic precious metal prices are listed specifically as follows:

SJC gold price in Hanoi and Da Nang is currently being bought at 66.5 million VND/tael and sold at 67.12 million VND/tael. In Ho Chi Minh City, SJC gold is still being bought at the same price as in Hanoi and Da Nang but sold at 20,000 VND lower.

Domestic gold prices fluctuated slightly this morning. Photo: vietnamnet.vn

DOJI brand gold price in Hanoi is listed at 66.45 million VND/tael for buying and 67.05 million VND/tael for selling. In Ho Chi Minh City, this brand gold is being bought and sold at the same price as in Hanoi.

Phu Quy SJC gold price is listed at 66.5 million VND/tael for buying and 67.1 million VND/tael for selling. PNJ gold is listed at 66.45 million VND/tael for buying and 67 million VND/tael for selling. Bao Tin Bao Tin Minh Chau gold is listed at 66.52 million VND/tael for buying and 67.08 million VND/tael for selling.

Domestic gold price updated at 5:30 am on June 13 as follows:

Yellow

Area

Early morning 12-6

Early morning June 13

Difference

Buy

Sell

Buy

Sell

Buy

Sell

Unit of measure:

Million VND/tael

Unit of measure:

Thousand dong/tael

DOJI

Hanoi

66.45

67.05

66.45

67.05

-

-

Ho Chi Minh City

66.45

67.05

66.45

67.05

-

-

Phu Quy SJC

Hanoi

66.45

67.05

66.5

67.1

+50

+50

PNJ

Ho Chi Minh City

66.5

67.1

66.45

67

-50

-100

Hanoi

66.5

67.1

66.45

67

-50

-100

SJC

Ho Chi Minh City

66.55

67.15

66.5

67.1

-50

-50

Hanoi

66.55

67.17

66.5

67.12

-50

-50

Danang

66.55

67.17

66.5

67.12

-50

-50

Bao Tin Minh Chau

Nationwide

66.5

67.04

66.52

67.08

+20

+40










World gold price today

World gold prices fell slightly early this morning with spot gold down $2.4 to $1,956.8 an ounce. August gold futures last traded at $1,970.9 an ounce, down $6.2 from early the previous day.

World gold prices fell slightly under pressure from external factors such as the recovery of the USD and rising bond yields. Early this morning, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, increased to 103.63%, reducing the attractiveness of gold to buyers holding other currencies. Meanwhile, the yield on 10-year US Treasury bonds increased to 3.776%, also putting considerable pressure on this precious metal.

The world precious metals market was relatively quiet in the first trading session of the week before the US central bank's monetary policy meeting and important inflation reports of this country.

The market is now looking ahead to the Federal Reserve's monetary policy meeting to see what the world's most powerful central bank will do next. The meeting begins Tuesday morning and ends Wednesday afternoon with a statement. After the meeting, Fed Chairman Powell will meet with the press. Most markets still believe the Fed will pause its rate-hike cycle. However, a better-than-expected US jobs report last Friday has reinforced the case for another rate hike this week.

Other important US economic reports due this week include the consumer price index (CPI) and producer price index (PPI) reports for May, due on Tuesday and Wednesday, respectively. The CPI is forecast to rise 4% year-on-year, while the PPI is forecast to fall 0.1% month-on-month.

World gold prices fell slightly this morning. Photo: brecorder.com

Experts say that gold's next move will largely depend on the Fed's policy decision this week, which will be based on inflation data released ahead of the meeting. Edward Moya, senior market analyst at OANDA, told Kitco News that a pause would be positive for gold. Conversely, any sign that the Fed remains aggressive in tightening monetary policy would mean a sharp sell-off in gold.

Technically, the August gold futures bulls have the overall near-term technical advantage amid the recent choppy trading. The bulls’ next upside price objective is to produce a close above solid resistance at $2,000 an ounce. The bears’ next near-term downside price objective is to push futures below solid technical support at the May low of $1,949.60 an ounce.

With domestic gold prices fluctuating slightly and world gold prices anchored at 1,956.8 USD/ounce (equivalent to nearly 55.7 million VND/tael if converted at Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is currently over 11 million VND/tael.

TRAN HOAI