Domestic gold bar prices today

Today's gold bar prices (June 4th) have uniformly decreased across all brands, with a drop of 500,000 VND/ounce in both buying and selling prices compared to early yesterday morning.

Specifically, gold bars from SJC, Bao Tin Manh Hai, PNJ, and DOJI brands were bought at 154 million VND/ounce and sold at 157 million VND/ounce, a decrease of 500,000 VND/ounce in both directions compared to yesterday morning.

Phu Quy brand gold bars are being bought at 154 million VND/ounce, down 200,000 VND/ounce compared to yesterday morning; and sold at 157 million VND/ounce, down 500,000 VND/ounce compared to yesterday morning.

The price of domestic gold bars, updated in the early morning of June 4th, is as follows:

Gold bars

Early morning of June 3rd

Early morning of June 4th

Difference

Buy

Sell

Buy

Sell

Buy

Sell

Unit of measurement:

million VND/ounce

Unit of measurement:

Thousand dong/ounce

SJC

154.5

157.5

154

157

-500

-500

Bao Tin Manh Hai

154.5

157.5

154

157

-500

-500

DOJI

154.5

157.5

154

157

-500

-500

PNJ

154.5

157.5

154

157

-500

-500

Phu Quy

154.2

157.5

154

157

-200

-500

Gold prices today (June 4): A sharp decline. Illustration photo: baodautu.vn

Domestic gold ring prices today

The price of gold rings today (June 4th) has uniformly decreased compared to yesterday morning.

Specifically, SJC listed the buying price of gold rings at 153.8 million VND/ounce and the selling price at 156.8 million VND/ounce, a decrease of 500,000 VND/ounce in both directions compared to yesterday morning.

Bao Tin Manh Hai branded gold rings are being bought at 152.5 million VND/ounce, down 500,000 VND/ounce compared to yesterday morning.

DOJI and PNJ branded gold rings are trading at 154 million VND/ounce for buying and 157 million VND/ounce for selling, a decrease of 500,000 VND/ounce in both directions compared to yesterday morning.

Phu Quy brand gold rings are trading at 154 million VND/ounce for buying and 157 million VND/ounce for selling, a decrease of 200,000 VND/ounce in both directions compared to yesterday morning.

The price of gold rings in Vietnam, updated in the early morning of June 4th, is as follows:

Gold rings

Early morning of June 3rd

Early morning of June 4th

Difference

Buy

Sell

Buy

Sell

Buy

Sell

Unit of measurement:

million VND/ounce

Unit of measurement:

Thousand dong/ounce

SJC

154.3

157.3

153.8

156.8

-500

-500

Bao Tin Manh Hai

153

But

152.5

But

-500

But

DOJI

154.5

157.5

154

157

-500

-500

PNJ

154.5

157.5

154

157

-500

-500

Phu Quy

154.2

157.2

154

157

-200

-200

Today's world gold price

The world gold price today is trading at $4,430.9 per ounce. Overall, the world gold price has decreased by 1.25% in the last 24 hours, equivalent to a drop of $56.22 per ounce.

With domestic gold bar prices stable and world gold prices listed on Kitco at $4,430.9 USD/ounce (equivalent to VND 141.2 million/ounce converted at Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is approximately VND 15.8 million/ounce.

Today, the world gold price is trading at $4,430.9 per ounce. (Illustration: observervoice.com)

Gold prices fell on Wednesday, pressured by forecasts that conflict-induced inflation will keep interest rates high, while investors remained focused on developments in the Middle East and upcoming economic data. US gold futures fell 0.9% to $4,480.50 an ounce.

The conflict in the Gulf has escalated again. Iranian attacks on Kuwait have damaged an airport and injured dozens, while US troops have launched attacks near the Strait of Hormuz. Meanwhile, diplomatic efforts to end the war have shown little sign of progress. "Gold trading is largely dominated by the escalating tensions between the US and Iran," said David Meger, director of metals trading at High Ridge Futures.

According to Meger, as conflict escalates, rising energy prices will increase inflation. This could lead to higher interest rates, further strengthening the US dollar and increasing downward pressure on gold prices.

Oil prices rose, while the US dollar index gained for the third consecutive session. A stronger dollar makes metals priced in dollars more expensive for holders of other currencies.

Earlier, on June 2nd, Fed Chairman Kevin Warsh pledged to uphold "the best traditions of the Fed" in his inaugural statement at the start of his four-year term, while also promising to carefully consider potential changes. Cleveland Fed President Beth Hammack stated that the US central bank may have to raise interest rates soon if current inflationary pressures continue to mount.

The ADP national employment report showed that the number of jobs created in the U.S. private sector increased more than expected in May. Private employers added 122,000 jobs in May, far exceeding the forecast of 110,000 and marking the strongest growth figure according to ADP data in 16 months. The ISM services PMI rose to 54.5 in May from 53.6 in April.

Investors are currently awaiting the jobs report expected on Friday to assess the direction of the Fed's monetary policy. While gold has traditionally been considered an inflation hedge, it tends to lose appeal as a non-yielding asset in a high-interest rate environment.

Today's silver price

Today's silver price at Phu Quy Gold, Silver and Gemstone Group is listed at 2.82 million VND/ounce (buying price) and 2.907 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 2.368 million VND/ounce (buying price) and 2.397 million VND/ounce (selling price).

In Ho Chi Minh City, the current price of silver is 2.369 million VND/ounce (buying price) and 2.403 million VND/ounce (selling price).

On the world market, the price of silver is listed at $74.78 per ounce, a decrease of $0.22.


    Source: https://www.qdnd.vn/kinh-te/tin-tuc/gia-vang-hom-nay-4-6-truot-doc-dai-1042637