Domestic gold price today
Domestic gold prices today fell sharply for gold rings and remained stable for gold bars.
Gold bar prices remained unchanged in both buying and selling directions compared to yesterday's closing price, listed at: 117.6 - 119.6 million VND/tael (buy - sell) at some major gold brands.
Accordingly, gold bars of the brands SJC, PNJ, DOJI and Bao Tin Minh Chau are being bought at 117.6 million VND/tael and sold at 119.6 million VND/tael.
Phu Quy SJC gold is bought at 600,000 VND/tael lower than other gold brands, listed at 117 million VND/tael for buying and 119.6 million VND/tael for selling.
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Domestic gold prices today fell sharply for gold rings and remained stable for gold bars. Photo: suckhoedoisong.vn |
Meanwhile, the price of gold rings has dropped sharply, with the highest decrease reaching 1 million VND/tael in some brands.
Specifically, SJC listed gold rings at 113.7 million VND/tael for buying - 116.2 million VND/tael for selling (down 200,000 VND/tael in both directions).
The price of gold rings at DOJI is listed at 115 million VND/tael for buying - 117 million VND/tael for selling (stable in both directions).
The price of gold rings at PNJ is listed at 114 million VND/tael for buying (down 1 million VND/tael) - 116.8 million VND/tael for selling (down 200,000 VND/tael).
Bao Tin Minh Chau listed the price of gold rings at 115 million VND/tael for buying - 118 million VND/tael for selling (down 900,000 VND/tael in both directions).
Phu Quy listed the price of gold rings at 114 million VND/tael for buying - 117 million VND/tael for selling (down 500,000 VND/tael in both directions).
Domestic gold bar prices updated at 5:00 a.m. June 18 as follows:
Yellow | Area | Early morning June 17 | Early morning June 18 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 117.6 | 119.6 | 117.6 | 119.6 | - | - | |
Ho Chi Minh City | 117.6 | 119.6 | 117.6 | 119.6 | - | - | |
SJC | Ho Chi Minh City | 117.6 | 119.6 | 117.6 | 119.6 | - | - |
Hanoi | 117.6 | 119.6 | 117.6 | 119.6 | - | - | |
Danang | 117.6 | 119.6 | 117.6 | 119.6 | - | - | |
PNJ | Ho Chi Minh City | 117.6 | 119.6 | 117.6 | 119.6 | - | - |
Hanoi | 117.6 | 119.6 | 117.6 | 119.6 | - | - | |
Bao Tin Minh Chau | Nationwide | 117.6 | 119.6 | 117.6 | 119.6 | - | - |
Phu Quy SJC | Nationwide | 117 | 119.6 | 117 | 119.6 | - | - |
World gold price today
The world gold price today is listed around 3,391 - 3,395 USD/ounce (equivalent to 107.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees) - up 0.2% compared to the previous trading session. Gold futures are trading around 3,406.9 USD/ounce, down 0.3% compared to yesterday.
Thus, the world gold price is about 11.9 million VND/tael lower than the domestic gold price.
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| The world gold price today is listed around 3,395 USD/ounce. Illustration photo: Getty Images |
The gold market continues to fluctuate below the threshold of 3,400 USD/ounce, in the context of tensions in the Middle East that are still under control within the region.
While risk factors continue to cause some volatility in gold prices, some portfolio managers say investors should focus on the global economic picture rather than getting caught up in short-term events. According to these experts, gold remains in a solid uptrend as it continues to serve as an important monetary asset and a hedge against the depreciation of global fiat currencies. Meanwhile, in USD terms alone, gold has gained nearly 30% since the beginning of the year - as the US Congress debates a new spending bill that would cut taxes and increase the national debt by nearly $4 trillion.
Despite growing global economic risks, recent data shows that gold still accounts for only about 1% of total global investment assets. Experts say that proportion will soon increase as investors increasingly seek gold as a hedge against asset value.
Meanwhile, the latest annual survey by the World Gold Council (WGC) shows that not only do central banks expect to continue buying gold in the next 12 months, they are also showing the highest level of interest in the precious metal in a decade.
Accordingly, 95% of survey participants believe that global gold reserves will increase in the next 12 months. Notably, 43% of foreign exchange reserve managers at central banks said they plan to increase their gold holdings this year - a significant increase compared to 29% last year.
The positive sentiment comes as central banks have bought more than 3,000 tonnes of gold over the past three years, with analysts predicting that this year alone could reach 1,000 tonnes, with demand coming mainly from central banks in emerging markets.
MR. PHUONG
* Please visit the Economics section to see related news and articles.
Source: https://baodaknong.vn/gia-vang-hom-nay-18-6-vang-trong-nuoc-giam-vang-the-gioi-bat-tang-255883.html
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