Domestic gold price today

Domestic gold prices were mixed this morning and traded around 67 million VND/tael. Currently, the domestic precious metal prices are listed specifically as follows:

DOJI brand gold price in Hanoi is listed at 66.45 million VND/tael for buying and 67.05 million VND/tael for selling. In Ho Chi Minh City, this brand gold is buying at the same price but selling at 50,000 VND lower than in Hanoi.

Domestic gold prices are mixed this morning. Photo: thanhnien.vn

SJC gold price in Hanoi and Da Nang is currently being bought at 66.4 million VND/tael and sold at 67.02 million VND/tael. In Ho Chi Minh City, SJC gold is still being bought at the same price as in Hanoi and Da Nang but sold at 20,000 VND lower.

PNJ Gold is buying at 66.5 million VND/tael and selling at 67 million VND/tael. Bao Tin Bao Tin Minh Chau Gold is listed at 66.47 million VND/tael for buying and 66.98 million VND/tael for selling.

Domestic gold price updated at 5:30 am on June 27 as follows:

Yellow

Area

Early morning of June 26

Early morning of June 27

Difference

Buy

Sell ​​out

Buy

Sell ​​out

Buy

Sell ​​out

Unit of measurement:

Million VND/tael

Unit of measurement:

Thousand dong/tael

DOJI

Hanoi

66.4

67

66.45

67.05

+50

+50

Ho Chi Minh City

66.4

66.95

66.45

67

+50

+50

SJC

Ho Chi Minh City

66.5

67.1

66.4

67

-100

-100

Hanoi

66.5

67.12

66.4

67.02

-100

-100

Da Nang

66.5

67.12

66.4

67.02

-100

-100

PNJ

Ho Chi Minh City

66.45

66.95

66.5

67

+50

+50

Hanoi

66.45

66.95

66.5

67

+50

+50

Bao Tin Minh Chau

Nationwide

66.47

66.98

66.47

66.98

-

-










World gold price today

World gold prices increased slightly early this morning with spot gold rising $1.2 to $1,923.6 an ounce. August gold futures last traded at $1,933 an ounce, up $3.3 from early the previous day.

The precious metal market in the first trading session of the week had a positive development, boosted by safe-haven demand due to concerns about rising geopolitical tensions. Analysts said that gold remains an important investment portfolio diversifier in times of increased uncertainty. However, the precious metal's rise was still strongly restrained by the recent active monetary policies of central banks.

The gold market is expected to end June with a loss of about $47, marking its worst month since February. The precious metal is reacting to the continued hawkish rhetoric from central banks. Looking long term, experts at State Street Global Advisors say the risk of a global recession as central banks around the world continue to aggressively raise interest rates will provide long-term support for the gold market.

State Street Global Advisors’ latest gold investment research, released Monday, shows that investors have become much more sophisticated in their investment strategies. Although gold has struggled to find solid upside momentum as prices have fallen below $1,950 an ounce, the firm’s research, which included a survey of investors, shows that investor demand for the precious metal remains healthy.

According to the survey, 20% of US investors now own gold in their portfolios, and a new trend is emerging: gold investors are getting younger. The report said that, on average, Millennials (those born between 1981 and 1996) have a higher proportion of gold (about 17%) in their portfolios. Both Gen X (those born between 1965 and 1980) and Boomers (those born between 1946 and 1964) hold about 10% of their portfolios in gold.

World gold reversed and increased slightly. Photo: Kitco

In a recent interview with Kitco News, State Street Global Advisors Chief Strategist George Milling-Stanle said he is less concerned about the US Federal Reserve maintaining its aggressive stance with the possibility of two more rate hikes this year. He explained that while rising interest rates increase the opportunity cost of holding gold and support the US dollar, the Fed’s aggressive stance could also push the world closer to a recession.

With domestic gold prices fluctuating in opposite directions and world gold prices listed at Kitco at 1,923.6 USD/ounce (equivalent to nearly 54.8 million VND/tael if converted at Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is currently over 12 million VND/tael.

TRAN HOAI