Gold price today (June 2): World gold price increased today, with spot gold price at 3,316.10 USD/ounce, up 0.83% compared to the previous trading session. Meanwhile, domestic gold price remained stable and anchored at 118.2 million VND/tael for sale.
Gold price Domestic gold prices today remained stable compared to yesterday. At the end of June 1, gold brands were buying at 115.7 million VND/tael and selling at 118.2 million VND/tael. Phu Quy SJC gold was buying at 700,000 VND/tael lower than other brands.
Gold ring prices of various brands are trading at a stable level compared to yesterday.
Specifically, the price of SJC 9999 gold rings is currently listed at 110.5 million VND/tael for buying and 113.5 million VND/tael for selling.
DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 111 million VND/tael for buying and 113.5 million VND/tael for selling.
The price of Bao Tin Minh Chau brand gold rings is listed at 113 million VND/tael for buying and 116 million VND/tael for selling.
Phu Quy SJC is purchasing gold rings at a lower price than other brands: Buying at 110.5 million VND/tael and selling at 113.5 million VND/tael.
The price of PNJ brand gold rings is listed at 110.5 million VND/tael for buying and 113.6 million VND/tael for selling.
Domestic gold bar prices updated at 5:30 am on June 2 as follows:
Yellow | Area | Early morning 1-6 | Early morning 2-6 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 115.7 | 118.2 | 115.7 | 118.2 | - | - | ||||
Ho Chi Minh City | 115.7 | 118.2 | 115.7 | 118.2 | - | - | ||||
SJC | Ho Chi Minh City | 115.7 | 118.2 | 115.7 | 118.2 | - | - | |||
Hanoi | 115.7 | 118.2 | 115.7 | 118.2 | - | - | ||||
Danang | 115.7 | 118.2 | 115.7 | 118.2 | - | - | ||||
PNJ | Ho Chi Minh City | 110.5 | 113.6 | 110.5 | 113.6 | - | - | |||
Hanoi | 110.5 | 113.6 | 110.5 | 113.6 | - | - | ||||
Bao Tin Minh Chau | Nationwide | 115.7 | 118.2 | 115.7 | 118.2 | - | - | |||
Phu Quy SJC | Nationwide | 115 | 118.2 | 115, | 118.2 | - | - | |||
World gold price today
World gold prices increased today, with spot gold prices at $3,316.10/ounce, up 0.83% compared to the previous trading session. Overall, over the past month, gold prices have increased by 2.24%.
After a volatile week, gold prices are struggling with caution on both Wall Street and retail investors. Some experts believe that political factors such as tariffs, budget spending and US government volatility will continue to drive gold higher. Gold remains the only global monetary asset with no third-party risk.
However, there are also opinions warning that risks from legal judgments, the possibility of reaching a trade agreement, or signals from the bond market could cause gold prices to fall in the near future.
Experts say that, in addition to the impact of US President Donald Trump's statements and the tariff controversy, the bigger driver for gold prices comes from long-term trends: Central bank assets shifting away from the US dollar, inflation concerns and global geopolitical instability.
Adrian Day, chairman of Adrian Day Asset Management, said the reasons for gold's rise were in place before Donald Trump entered the White House. Diversification of reserve assets and fears of the weaponization of the US dollar are causing many central banks to continue buying gold as a safe asset.
Brian Lan, CEO of GoldSilver Central in Singapore, said that gold prices are showing signs of slowing down at the moment, but he said this is a normal market development, with a slightly wider fluctuation range because investors are confident in the US dollar.
In addition, some experts believe that gold prices are entering a consolidation phase after a strong rally and the gold market remains attractive in the current volatile environment, especially when alternative investment channels such as cryptocurrencies cannot replace gold's traditional "defensive" role. However, some experts also warn that if the market suddenly has positive information such as reaching a trade agreement, gold may adjust to a lower price range around the threshold of 3,250 USD.
With the domestic gold bar price decreasing and the world gold price listed at Kitco at 3,316.10 USD/ounce (equivalent to about 105 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 13 million VND/tael.
Source: https://baolangson.vn/gia-vang-hom-nay-2-6-quay-dau-tang-5048858.html
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