Domestic gold price today
After many days of "standing still", the price of SJC gold bars of some domestic brands was adjusted down when the world gold price "plummeted".
Specifically, DOJI , SJC, and PNJ brands simultaneously listed gold bar prices at 117.5 - 119.5 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
Phu Quy SJC is buying 500 thousand VND lower, at 117 million VND/tael (unchanged compared to early this morning) and selling 119.5 million VND/tael (down 200 thousand VND/tael).
Bao Tin Minh Chau alone kept its buying and selling prices unchanged from yesterday, currently trading at 117.7 - 119.7 million VND/tael (buy - sell).
 |
Domestic gold prices reversed to decrease. Photo: 24h.com.vn |
Similar to gold bars, the price of gold rings of some brands also decreased today. Some other businesses kept stable the price of gold ring transactions.
Specifically, SJC listed the price of gold rings at 113.5 - 116 million VND/tael (buy - sell), down 200 thousand VND/tael in both directions.
DOJI traded gold rings at 114 - 116 million VND/tael (buy - sell), down 500 thousand VND/tael in both directions.
Phu Quy Group's gold rings decreased by 400 thousand VND/tael in both buying and selling, with the transaction level at 113.2 - 116.2 million VND/tael (buying - selling).
Bao Tin Minh Chau brand gold rings remained unchanged compared to yesterday, at 114.5 - 117.5 million VND/tael (buy - sell).
PNJ keeps the price of gold rings at 113.7 - 116.5 million VND/tael (buy - sell).
Domestic gold bar prices updated at 5:00 a.m. June 25 as follows:
Yellow | Area | Early morning 24-6 | Early morning 25-6 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 117.7 | 119.7 | 117.5 | 119.5 | -200 | -200 | ||||
Ho Chi Minh City | 117.7 | 119.7 | 117.5 | 119.5 | -200 | -200 | ||||
SJC | Ho Chi Minh City | 117.7 | 119.7 | 117.5 | 119.5 | -200 | -200 | |||
Hanoi | 117.7 | 119.7 | 117.5 | 119.5 | -200 | -200 | ||||
Danang | 117.7 | 119.7 | 117.5 | 119.5 | -200 | -200 | ||||
PNJ | Ho Chi Minh City | 117.7 | 119.7 | 117.5 | 119.5 | -200 | -200 | |||
Hanoi | 117.7 | 119.7 | 117.5 | 119.5 | -200 | -200 | ||||
Bao Tin Minh Chau | Nationwide | 117.7 | 119.7 | 117.7 | 119.7 | - | - | |||
Phu Quy SJC | Nationwide | 117 | 119.7 | 117 | 119.5 | - | -200 | |||
World gold price today
The world gold price today continued to "plummet", with the spot gold price listed on the Kitco exchange at 3,323.21 USD/ounce (equivalent to about 105.4 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees) - down 1.67% in the past 24 hours, equivalent to a decrease of 56.33 USD/ounce.
Thus, the domestic gold price is about 14.1 million VND/tael higher than the world gold price.
 |
| World gold prices continue to "plummet" today. Photo: Getty Images |
The main reason for the plunge in global gold prices is the stabilization of the geopolitical situation after the ceasefire between Iran and Israel took effect. As tensions eased, the demand for gold - considered a safe haven asset - decreased significantly. At the same time, strong global stock market growth and sharp decline in oil prices also put pressure on the precious metal market.
Meanwhile, investors are focusing on the speech of the Chairman of the US Federal Reserve (Fed) before Congress. Opinions on interest rate policy are dividing the market, with expectations that the Fed will maintain a cautious stance instead of easing aggressively. This could continue to negatively impact gold prices in the short term.
In the current climate, investors should consider gold as a diversifier rather than a hedge against geopolitical risk events, according to analysts. While gold is not exactly attractive as a safe haven, market analysts at UBS emphasize that gold’s strength lies not in its role as a hedge against geopolitical events, but in its broader function in a diversified portfolio.
“Investors may benefit from looking at gold as a portfolio diversification, rather than as a separate trade that depends on price levels,” said Julian Wee, an investor at UBS.
Although gold prices are on a downward trend, analysts at UBS Bank still maintain an optimistic view on this precious metal, keeping a price target of 3,800 USD/ounce (121 million VND/tael) in the near future.
KHANH MINH
* Please visit the Economics section to see related news and articles.
Source: https://baodaknong.vn/gia-vang-hom-nay-25-6-cung-giam-256570.html
Comment (0)