At the end of the session on June 2 , the price of gold bars at SJC closed at 115.8-117.8 million VND/tael (buy - sell), an increase of 100 thousand VND/tael in the buying direction but a decrease of 400 thousand VND/tael in the selling direction compared to the closing price of the trading session last weekend.
At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 111.2-113.7 million VND/tael (buy - sell), an increase of 700 thousand VND/tael in the buying direction and 200 thousand VND/tael more expensive in the selling direction compared to the closing price of the trading session last weekend.
The price of 9999 gold rings at Doji closed the session at 111.5-113.7 million VND/tael, an increase of 500 thousand VND/tael in buying price and 200 thousand VND/tael more expensive in selling price compared to the end of last week.
This afternoon, the world gold price was adjusted up. At 2:07 p.m. today (June 2, Vietnam time), the world spot gold price was at 3,348.1 USD/ounce, up 42.6 USD/ounce compared to early this morning.
Meanwhile, domestic gold prices this afternoon were adjusted down.
This afternoon, the price of SJC 9999 gold was adjusted down by 200,000 VND/tael for buying and down by 700,000 VND/tael for selling compared to this morning, down to 115.8-117.8 million VND/tael (buying - selling).
Domestic gold ring prices fluctuated little this afternoon.
Domestic gold ring prices early this morning were adjusted up by some brands following the developments of world gold prices.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 111,200,000 | + 700,000 | 113,700,000 | + 200,000 |
| Doji | 111,500,000 | + 500,000 | 113,700,000 | + 200,000 |
SJC and Doji gold ring price list updated afternoon of June 2
Opening the trading session on June 2 , the price of SJC 9999 gold was adjusted up 300 thousand VND/tael in both buying and selling compared to the closing session last weekend, to 116-118.5 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 115,800,000 | + 100,000 | 117,800,000 | - 400,000 |
| Doji Hanoi | 115,800,000 | + 100,000 | 117,800,000 | - 400,000 |
| Doji HCMC | 115,800,000 | + 100,000 | 117,800,000 | - 400,000 |
SJC and Doji gold bar price list updated on the afternoon of June 2
The central exchange rate on June 2 announced by the State Bank was 24,970 VND/USD, down 8 VND compared to the previous trading session. The USD price at commercial banks this morning (June 2) was commonly listed at 25,820 VND/USD (buy) and 26,210 VND/USD (sell).
At 8:40 a.m. today (June 2, Vietnam time) , the world spot gold price was at 3,305.6 USD/ounce, up 17.6 USD/ounce compared to the end of last week.
On June 2 , the world gold price converted to USD bank price was over 105.5 million VND/tael, including tax and fees, about 13 million VND/tael lower than the domestic gold price.
At the opening of the trading session on May 26, the price of SJC 9999 gold was listed at 117-120 million VND/tael (buy - sell). The price of SJC 1-5 chi gold rings was 111.5-114.5 million VND/tael (buy - sell). The price of 9999 gold rings at Doji closed the session at 112-114.5 million VND/tael.
In the following sessions, domestic gold prices adjusted up and down within a narrow range. At the end of the session on May 31, the price of gold bars at SJC closed at 115.7-118.2 million VND/tael (buy - sell). The price of 1-5 chi gold rings at SJC was listed at 110.5-113.5 million VND/tael (buy - sell). The price of 9999 gold rings at Doji closed the session at 111-113.5 million VND/tael.
Weekly, the price of SJC gold bars decreased by 1.3 million VND/tael (buy) and decreased by 1.8 million VND/tael (sell). The price of 1-5 chi SJC gold rings decreased by 1 million VND/tael.
Gold prices on the Kitco floor closed the trading week at $3,288/ounce. Gold futures for June 2025 delivery on the Comex New York floor traded at $3,289/ounce.
This week, traders will be focused on employment data, weekly jobless claims and May nonfarm payrolls.
Analysts continue to look for signs of cooling in the labor market, which could prompt the Federal Reserve to reconsider its neutral policy stance, as well as interest rate decisions from the Bank of Canada and the European Central Bank.
Kitco News’ gold survey shows that Wall Street experts are taking a more wait-and-see approach after the recent decline. 43% expect gold prices to rise, 29% predict a fall, and 29% expect gold prices to remain flat.
According to an online poll on Main Street, 56% predicted gold prices to increase, 24% predicted a decrease, and 20% chose stable gold prices.
Thu Lan Nguyen, head of FX and Commodities Research at Commerzbank, said Trump could still challenge the ruling or seek a resolution. As a result, uncertainty over the trade conflict is likely to remain high until negotiations are completed, meaning demand for gold, which is considered a safe haven, remains high.
Gold’s volatility and heavy selling pressure last week came as a federal judge panel struck down tariffs imposed by President Trump last month. Analysts warned the ruling could only add to trade uncertainty and exacerbate global trade conflicts.
Ongoing tariff uncertainty, rising geopolitical tensions and concerns about the global economic outlook keep gold prices from falling, said Ricardo Evangelista, senior analyst at ActivTrades.
In addition, financial risks stemming from the proposed tax cut bill by the US government have kept investors cautious. Gold’s status as a safe haven asset is likely to continue to be supported around the $3,300/ounce mark.
Gold Price Forecast
Analysts predict gold prices to remain confined within the support range of $3,100/ounce and the resistance level of $3,400/ounce.
Volatility in May reached $324.9/ounce, down from April’s record $539.5/ounce but still well above the 20-year average of around $89/ounce. Despite the decline last week, the world spot gold price still recorded a five-month streak of consecutive price increases.
Analysts noted that gold still maintains long-term fundamentals that support an upward trend. “It is not surprising to see this volatility in gold, reflecting the uncertainty around U.S. policy,” said Chantelle Schieven, head of research at Capitalight Research.
Schieven predicts gold prices will remain stable through the summer as investors wait for the full impact of the ongoing trade war under President Trump.
“Gold will end the year higher, but the market is in a sideways mode,” she said. It will take another six to eight months before we see the full impact of Trump’s policies on the economy.
Source: https://vietnamnet.vn/gia-vang-hom-nay-2-6-chua-dut-da-giam-sjc-co-tiep-tuc-lao-doc-2407009.html
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