Gold price today (May 29): Reversal to increase - Lang Son Newspaper and Radio and Television Station

Domestic gold price today

Gold price Domestic gold prices reversed to increase. At the end of May 28, DOJI and PNJ brand gold were buying at 116.2 million VND/tael and selling at 118.7 million VND/tael. Phu Quy SJC gold was buying at 500,000 VND lower than other brands.

Similarly, the price of gold rings of some brands has also been adjusted up. Specifically, the price of SJC 9999 gold rings is listed at 111.3 million VND/tael for buying and 114 million VND/tael for selling, an increase of 300,000 VND for buying.

Domestic gold bar prices increase. Photo: nld.com.vn

DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 111.5 million VND/tael for buying and 114 million VND/tael for selling, an increase of 200,000 VND for buying price.

The price of Bao Tin Minh Chau brand gold rings is listed at 113.8 million VND/tael for buying and 116.8 million VND/tael for selling, an increase of 300,000 VND in both directions compared to early this morning.

Meanwhile, Phu Quy SJC is buying gold rings at 111.5 million VND/tael and selling at 114.5 million VND/tael, unchanged from early this morning.

PNJ brand gold ring price is anchored at 111.3 million VND/tael for buying and 114.4 million VND/tael for selling.

Domestic gold bar prices updated at 5:30 a.m. on May 29 as follows:

Yellow	Area	Early morning 28-5				Early morning 29-5			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	115.8		118.3		116.2		118.7	+400	+400
	Ho Chi Minh City	115.8		118.3		116.2		118.7	+400	+400
SJC	Ho Chi Minh City	115.5		118		116.2		118.7	+700	+700
	Hanoi	115.5		118		116.2		118.7	+700	+700
	Danang	115.5		118		116.2		118.7	+700	+700
PNJ	Ho Chi Minh City	115.8		118.3		116.2		118.7	+400	+400
	Hanoi	115.8		118.3	116.2			118.7	+400	+400
Bao Tin Minh Chau	Nationwide	115.5		118	116.2			118.7	+700	+700
Phu Quy SJC	Nationwide	115.3		118.3	115.7			118.7	+400	+400

World gold price today

World gold prices fluctuated slightly, with spot gold falling $13.9 to $3,290 an ounce. Gold futures last traded at $3,314.2 an ounce, up $14.3 from early this morning.

Gold prices steadied on Wednesday as investors digested the minutes of the US Federal Reserve’s May meeting, which highlighted rising inflation and recession risks that have reinforced the appeal of gold as a safe-haven asset amid a still-uncertain global economic environment.

The gold market has been quite chaotic lately, reacting only to new daily fundamental news without any real trend-driven price action, according to Kitco Metals senior analyst Jim Wyckoff.

According to the minutes of the meeting, Fed officials at the meeting held on May 6 and 7 acknowledged the “difficult trade-offs” that could occur in the future, with rising inflation and unemployment, while warning of rising recession risks.

The meeting comes amid heightened concerns about global trade tensions, following US President Donald Trump’s announcement of tariffs in early April. However, some of the toughest tariffs were eased or postponed a week later.

As a precious metal that performs well in low-interest-rate environments and acts as a safe haven during times of uncertainty, gold has gained 26% this year and hit a record high in April.

World gold price remains around 3,300 USD/ounce. Photo: Getty Images

With risks rising and central bank demand continuing, Goldman Sachs recently advised a higher-than-normal allocation to gold in long-term portfolios.

Markets are now looking ahead to US GDP data due out on Thursday, personal consumption expenditure (PCE) figures on Friday and comments from US Federal Reserve officials.

A weaker-than-expected PCE reading would help ease concerns about stagnant inflation and prompt the Fed to cut interest rates, which would be positive for gold, said Han Tan, a market analyst at Exinity Group.

The Fed has kept its policy rate unchanged at 4.25%-4.50% since December while officials await clearer information on the economy.

In another development, new data showed that gold imports into Switzerland from the United States jumped in April to their highest monthly level since at least 2012, after the precious metal was exempted from US import tariffs.

With the domestic gold bar price increasing and the world gold price listed at Kitco at 3,290 USD/ounce (equivalent to about 103.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 15 million VND/tael.

Source: https://baolangson.vn/gia-vang-hom-nay-29-5-dao-chieu-tang-5048523.html