On the morning of June 15, the price of SJC gold bars was commonly listed by businesses at about 117.8 million VND per tael for buying and 120.3 million VND per tael for selling, a sharp increase of more than 3 million VND per tael compared to the end of last week.
In the same direction as gold bars, the price of 99.99 gold rings and jewelry gold also increased by 2.7 million VND per tael, trading around 113.7 million VND/tael for buying and 116.2 million VND/tael for selling.
The price of SJC gold bars increased faster than gold rings and broke the decline of the previous two consecutive weeks.
In addition to the influence of world gold, domestic gold prices last week were also affected by many directives related to the management policy of gold bars and gold rings.
Currently, the State Bank is seeking opinions on a draft amendment to the decree on gold market management with many notable points, notably the mechanism to remove the monopoly on SJC gold bars and will grant licenses to many qualified units to participate.
Gold prices are expected to continue to increase today as demand for this safe haven increases.
In the international market, gold prices unexpectedly surged last week on the weekend when the conflict between Israel and Iran escalated. Gold became a safe haven for investors, jumping to a high level, far surpassing the $3,400/ounce level.
At the end of the week, the world gold price closed at 3,433 USD/ounce, up 120 USD/ounce (equivalent to 3.8 million VND/tael) compared to a week ago.
Notably, with the positive developments in world gold prices, both analysts and experts have an optimistic view on the upward momentum of the precious metal.
According to the results of the gold price trend survey conducted by Kitco, of the 14 experts participating in the survey on Wall Street, 71% said that gold prices will continue to increase, only 7% predicted that prices will decrease and the remaining 21% said that prices will go sideways.
Similarly, an online Main Street survey of 253 individual investors also found that 58% of respondents expect gold prices to rise in the coming days, while 21% predict a fall and 21% believe prices will remain unchanged.
Currently, if converted at the listed exchange rate, the world gold price is equivalent to about 108.4 million VND per tael, more than 11 million VND/tael lower than SJC gold bars.
Source: https://nld.com.vn/gia-vang-hom-nay-15-6-dong-loat-du-bao-tang-tiep-196250614215317221.htm
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