Gold price today (May 30): Continuous reversal

Domestic gold price today

Domestic gold bar prices reversed to decrease. At the end of May 29, DOJI and PNJ brand gold was buying at 115.5 million VND/tael and selling at 118 million VND/tael. Phu Quy SJC gold was buying at 1 million VND/tael lower than other brands.

Similarly, the price of gold rings of various brands has also been adjusted down sharply. Specifically, the price of SJC 9999 gold rings is listed at 110.3 million VND/tael for buying, 113.3 million VND/tael for selling, down 1 million VND for buying and 700,000 VND for selling.

Domestic gold bar prices drop sharply. Photo: vnexpress.net

DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 111 million VND/tael for buying and 113.3 million VND/tael for selling, down 500,000 VND for buying and 700,000 VND for selling.

The price of Bao Tin Minh Chau brand gold rings is listed at 113.3 million VND/tael for buying and 116.3 million VND/tael for selling, down 500,000 VND in both directions compared to early this morning.

Phu Quy SJC is buying gold rings at 110.8 million VND/tael and selling at 113.8 million VND/tael, down 700,000 VND in both directions compared to early this morning.

PNJ brand gold ring price decreased by 1 million VND in both directions, down to 110.3 million VND/tael for buying and 113.4 million VND/tael for selling, respectively.

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

Yellow	Area	Early morning 29-5	Early morning 30-5	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	116.2	118.7	115.5	118	-700	-700
Ho Chi Minh City	116.2	118.7	115.5	118	-700	-700
SJC	Ho Chi Minh City	116.2	118.7	115.5	118	-700	-700
Hanoi	116.2	118.7	115.5	118	-700	-700
Danang	116.2	118.7	115.5	118	-700	-700
PNJ	Ho Chi Minh City	116.2	118.7	115.5	118	-700	-700
Hanoi	116.2	118.7	115.5	118	-700	-700
Bao Tin Minh Chau	Nationwide	116.2	118.7	115.5	118	-700	-700
Phu Quy SJC	Nationwide	115.7	118.7	114.5	118	-1200	-700

World gold price today

World gold prices increased slightly, with spot gold prices increasing by 28.8 USD to 3,318.8 USD/ounce. Gold futures last traded at 3,347 USD/ounce, up 33 USD compared to early yesterday morning.

World gold prices reversed direction continuously on Thursday, as the market reacted to the data and news of the day. Early this morning (Vietnam time), the price of this precious metal increased, when the latest published data showed that the US labor market is weakening.

The number of Americans filing new claims for unemployment benefits rose more than expected last week, according to data from the U.S. Labor Department. Initial claims for unemployment benefits hit a seasonally adjusted 240,000 in the week ended May 24, well above what economists had forecast.

Independent metals trader Tai Wong said gold's gains in the last trading session were due to a surge in weekly initial jobless claims, indicating a weakening labor market, forcing the US Federal Reserve (Fed) to cut interest rates soon.

According to the minutes of the Fed's May 6-7 policy meeting, Fed officials acknowledged that they may face "difficult decisions" in the coming months, as inflation and unemployment rates both pose increasing risks of recession.

World gold prices increased slightly. Photo: Getty Images

Markets are now awaiting U.S. personal consumption expenditure data due on Friday, which investors will closely analyze for clues about future U.S. monetary policy.

Wong said he was surprised that gold prices continued to rise after the court’s decision to block most of President Donald Trump’s tariffs. The ruling eased concerns in financial markets but also added uncertainty to the global economy, he said. The market seemed to believe that Trump would win his appeal against the trade court ruling, Wong said.

With the domestic gold bar price falling sharply and the world gold price listed at Kitco at 3,318.8 USD/ounce (equivalent to about 104.8 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 13.2 million VND/tael.

TRAN HO HOAI

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Source: https://baodaknong.vn/gia-vang-hom-nay-30-5-dao-chieu-lien-tuc-254055.html