Gold price today June 27: Gold ring price shockingly increased by more than half a million dong

Gold bar prices increased slightly but gold rings in the market increased sharply despite the world downturn.

On the morning of June 27, the world gold price continued to decline. The precious metal fell 18 USD at the beginning of the day, down to 3,315 USD/ounce. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 105 million VND/tael (excluding taxes and fees). Domestically, gold bars at Saigon Jewelry Company - SJC decreased 100,000 VND when buying to 117.7 million VND, and sold to 119.7 million VND.

Meanwhile, the price of gold rings on the market increased sharply. Specifically, the price of 4-number 9 gold rings at SJC increased by 100,000 VND after one day, to 113.6 million VND for buying and 116.1 million VND for selling. Phu Nhuan Jewelry Company (PNJ) alone increased the price of gold rings by 600,000 VND to 114.2 million VND and increased by 700,000 VND for selling to 117 million VND; Doji Group increased the price of gold rings by 500,000 VND to 115 million VND and to 117 million VND for selling...

Gold ring price increased by more than half a million dong. PHOTO: NGOC THANG

Gold has been falling in recent days as the situation in the Middle East cools down. In addition, pressure on the precious metal is increasing as investors expect more US interest rate cuts after a delay. The market is currently forecasting two interest rate cuts totaling 0.5% this year, starting in September. Investors are paying attention to US personal consumption expenditure (PCE) data due today for further clues on the Federal Reserve's policy path.

Recently, Fortune newspaper quoted analysts at Bank of America (BofA) saying that geopolitical conflicts are not usually a long-term growth driver for gold prices, although this precious metal is still considered a safe haven asset in times of global instability. This bank believes that gold prices could rise to $4,000/ounce within the next year, with the main driving force coming from the US budget deficit, not the war between Israel and Iran. Analysts at BofA bank emphasized that the development of budget negotiations in the US will play a decisive role, and if the budget deficit is not reduced, the consequences of that - along with market volatility - could cause many investors to pour money into gold.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2762025-vang-nhan-tang-soc-hon-nua-trieu-dong-185250627065218501.htm

Source: https://baolongan.vn/gia-vang-hom-nay-27-6-vang-nhan-tang-soc-hon-nua-trieu-dong-a197765.html