Gold price today June 28: 'Evaporated' half a million dong

On the morning of June 28, the price of gold bars at Saigon Jewelry Company - SJC decreased by 500,000 VND, bringing the buying price down to 117.2 million VND, selling price down to 119.2 million VND. Similarly, 4-number 9 gold rings at SJC decreased by 400,000 VND after one day, down to 113.2 million VND for buying, 115.7 million VND for selling. Phu Nhuan Jewelry Company (PNJ) also reduced the buying and selling price of gold rings by 500,000 VND/tael, bringing the buying price down to 113.7 million VND and selling price to 116.5 million VND; Doji Group bought at 114.5 million VND, sold at 116.5 million VND...

Gold price on the morning of June 28 decreased by half a million VND per tael. PHOTO: NGOC THANG

The world gold price dropped sharply to 3,272.79 USD/ounce, 42.21 USD lower than yesterday. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 103.6 million VND/tael (excluding taxes and fees). Despite the decrease, SJC gold bars are still 15.6 million VND/tael more expensive than the world price.

Precious metals fell to their lowest in nearly a month after progress on a US-China trade deal accelerated rare earth shipments to the US. Meanwhile, in the Middle East, a ceasefire between Iran and Israel continued to hold...

Meanwhile, the US Commerce Department yesterday announced that the personal consumption expenditures (PCE) price index in May increased by 0.1% compared to April and increased by 2.3% compared to the same period last year. This is the US Federal Reserve's favorite inflation measure and the released figures are in line with the Fed's forecast. Along with the inflation figures, the report also showed signs of weakening consumer spending and income. Spending decreased by 0.1% in May, contrary to the forecast of a 0.1% increase. Personal income also decreased by 0.4%, far from the forecast of a 0.3% increase.

According to CNBC, the market reacted quite calmly to this data while trade tensions and Middle East military conflicts cooled down, reducing the attractiveness of gold and helping global stocks rise.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2862025-boc-hoi-nua-trieu-dong-185250628082122751.htm

Source: https://baolongan.vn/gia-vang-hom-nay-28-6-boc-hoi-nua-trieu-dong-a197811.html