Domestic gold bar prices today

Specifically, gold bars from SJC, Bao Tin Manh Hai, PNJ, and DOJI brands were bought at 155.5 million VND/ounce and sold at 158.5 million VND/ounce, an increase of 1 million VND/ounce in both directions compared to yesterday morning.

Phu Quy brand gold bars are being bought at 155 million VND/ounce, an increase of 500,000 VND/ounce; and sold at 158.5 million VND/ounce, an increase of 1 million VND/ounce compared to yesterday morning.

The price of domestic gold bars, updated in the early morning of May 30th, is as follows:

Gold bars

Early morning of May 29th

Early morning of May 30th

Difference

Buy

Sell

Buy

Sell

Buy

Sell

Unit of measurement:

million VND/ounce

Unit of measurement:

Thousand dong/ounce

SJC

154.5

157.5

155.5

158.5

+1000

+1000

Bao Tin Manh Hai

154.5

157.5

155.5

158.5

+1000

+1000

DOJI

154.5

157.5

155.5

158.5

+1000

+1000

PNJ

154.5

157.5

155.5

158.5

+1000

+1000

Phu Quy

154.5

157.5

155

158.5

+500

+1000

Gold prices today (May 30): Rising again. Illustration photo: suckhoedoisong.vn

Domestic gold ring prices today

The price of gold rings today (May 30) increased sharply compared to yesterday morning.

Specifically, SJC listed the buying price of gold rings at 154.3 million VND/ounce and the selling price at 158.3 million VND/ounce, an increase of 1 million VND/ounce in both directions compared to yesterday morning.

The buying price for gold rings from Bao Tin Manh Hai brand is 154 million VND/ounce, an increase of 1 million VND/ounce compared to yesterday morning.

DOJI and PNJ branded gold rings are trading at 155.5 million VND/ounce for buying and 158.5 million VND/ounce for selling, an increase of 1 million VND/ounce in both directions compared to yesterday morning.

Phu Quy brand gold rings are trading at 155 million VND/ounce for buying and 158 million VND/ounce for selling, an increase of 500,000 VND/ounce in both directions compared to yesterday morning.

The price of gold rings in Vietnam, updated in the early morning of May 30th, is as follows:

Gold rings

Early morning of May 29th

Early morning of May 30th

Difference

Buy

Sell

Buy

Sell

Buy

Sell

Unit of measurement:

million VND/ounce

Unit of measurement:

Thousand dong/ounce

SJC

154.3

157.3

155.3

158.3

+1000

+1000

Bao Tin Manh Hai

153

But

154

But

+1000

DOJI

154.5

157.5

155.5

158.5

+1000

+1000

PNJ

154.5

157.5

155.5

158.5

+1000

+1000

Phu Quy

154.5

157.5

155

158

+500

+500

Today's world gold price

The world gold price today is trading at $4,548.3 per ounce. Overall, the world gold price has increased by 0.84% ​​in the last 24 hours, equivalent to an increase of $37.87 per ounce.

With domestic gold bar prices rising and world gold prices listed on Kitco at $4,548.3 USD/ounce (equivalent to VND 144.5 million/ounce converted using Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is approximately VND 14 million/ounce.

Spot gold prices rose after Friday's close, as a sharp drop in crude oil prices this month eased inflationary pressures while the US dollar strengthened.

Personal income in April remained essentially unchanged, with disposable income down 0.1%, personal consumption spending up 0.5%, and savings falling to 2.6%. The PCE price index rose 3.8% year-on-year, while the Chicago PMI in May surged from 49.2 to 62.7, far exceeding the forecast of 50.5.

The combination of these data points, coupled with uneven interest rate signals, stable consumer spending, inflation remaining above target, and improved regional manufacturing growth momentum, while lower oil prices and stable Treasury yields have eased immediate pressure on metals.

Illustrative image.

The Strait of Hormuz remains a key geopolitical conduit for energy, inflation expectations, and precious metals, but markets on Friday traded on the prospect of reopening rather than a new escalation of tensions. Oil prices fell sharply, the biggest drop since 2020, as traders anticipated a possible agreement between the U.S. and Iran that could extend the ceasefire for another 60 days and gradually restore shipping through the strait.

For gold, the impact is quite complex: Lower oil prices and reduced inflation risk support interest rates for non-yielding assets, but reduced conflict risk reduces demand for safe haven assets.

In an interview with Kitco News, Tom Winmill, portfolio manager at Midas Discovery Fund, said he doesn't see many factors that could put downward pressure on gold in the long term at current price levels.

According to Winmill, one of the most significant developments supporting the precious metals market is the ongoing decline in confidence in the US dollar as the world's leading reserve currency. With the dollar being weaponized and global GDP gradually losing its reliance on the dollar, this trend is likely to continue for some time. If the dollar continues to lose credibility as a reserve currency, it will weaken further. This long-term risk to the dollar continues to support demand from central banks, creating a solid price floor for gold.

Winmill also pointed out that inflationary pressures and slowing economic growth could ultimately create an ideal environment for gold.

Today's silver price

Today's silver price at Phu Quy Gold, Silver and Gemstone Group is listed at 2.863 million VND/ounce (buying price) and 2.952 million VND/ounce (selling price) in Hanoi.

Additionally, according to surveys at other trading locations in Hanoi, the domestic silver price is currently listed at 2.43 million VND/ounce (buying price) and 2.46 million VND/ounce (selling price).

In Ho Chi Minh City, the current price of silver is 2.432 million VND/ounce (buying price) and 2.465 million VND/ounce (selling price).

On the world market, the price of silver is quoted at $75.86 per ounce, an increase of $2.77.

    Source: https://www.qdnd.vn/kinh-te/tin-tuc/gia-vang-hom-nay-30-5-bat-tang-tro-lai-1041961