Domestic gold price today
Domestic gold bar prices have dropped sharply. At the close of trading on June 3, gold brands were buying at VND114.9 million/tael and selling at VND117.2 million/tael. Phu Quy SJC gold was buying VND500,000/tael lower than other brands.
 |
Gold price today (June 4): Gold bars fell to 117.2 million VND/tael. Illustration photo: thesaigontimes.vn |
Meanwhile, gold ring brands also adjusted down both buying and selling prices.
Specifically, the buying price of SJC 9999 gold ring is 111 million VND/tael, down 200,000 VND/tael; selling price is 113.5 million VND/tael, down 300,000 VND/tael compared to early this morning.
The price of 9999 Hung Thinh Vuong round gold ring at DOJI is similar to yesterday morning at 111.5 million VND/tael; the selling price is 113.5 million VND/tael, down 200,000 VND/tael compared to yesterday morning.
The price of Bao Tin Minh Chau brand gold rings is listed at 113.2 million VND/tael for buying and 116.2 million VND/tael for selling, down 300,000 VND/tael in both directions.
Phu Quy Gold and Gemstone Group traded gold rings at 111 - 114 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both directions compared to early yesterday morning.
The price of PNJ brand gold rings is listed at 111.5 million VND/tael for buying, an increase of 300,000 VND/tael; 114 million VND/tael for selling, an increase of 200,000 VND/tael compared to early this morning.
Domestic gold bar prices updated on the morning of June 4 as follows:
Yellow | Area | Early morning 3-6 | Early morning 4-6 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | ||||
Ho Chi Minh City | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | ||||
SJC | Ho Chi Minh City | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | |||
Hanoi | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | ||||
Danang | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | ||||
PNJ | Ho Chi Minh City | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | |||
Hanoi | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | ||||
Bao Tin Minh Chau | Nationwide | 115.8 | 117.8 | 114.9 | 117.2 | -900 | -600 | |||
Phu Quy SJC | Nationwide | 115.3 | 117.8 | 114.4 | 117.2 | -900 | -600 | |||
World gold price today
World gold prices fell, with spot gold at $3,356.78 an ounce, down $16.75 an ounce, or 0.5% compared to early yesterday morning. Gold futures last traded at $3,380 an ounce, up $2.3 an ounce compared to early yesterday morning.
Gold prices continued to trade slightly lower in yesterday’s trading session (June 3). The precious metal fell during the day, correcting from a three-week high. The move was largely due to the technical recovery of the US dollar, which is regaining strength after hitting a six-week low.
 |
| World gold price decreased 0.5% in the trading session on June 3. Photo: observervoice.com |
The US Department of Labor's monthly Employment and Labor Turnover Survey (JOLTS) just released showed that April employment - a measure of labor demand - increased slightly to 7.39 million, compared to 7.20 million in March. The report exceeded expectations, as economists had forecast a decline to 7.11 million. However, the gold market is showing little reaction to the latest jobs data. Gold futures are expected to take profits after rising nearly 3% on June 2.
Gold could continue to face headwinds, according to some analysts, as the latest jobs data showed a resilient labor market. The US Federal Reserve (Fed) has reiterated that it is in no rush to cut interest rates, as inflationary pressures remain high and the labor market remains relatively healthy.
Attention is now focused on the monthly US Non-Farm Payrolls report, due out on Friday (June 6), which could provide clearer signals on the economic trajectory and the Fed's future decisions.
Global central banks bought a net 12 tonnes of gold in April, down 12% from the previous month and well below the 12-month average of 28 tonnes, the World Gold Council (WGC) said on June 3. Part of the recent decline in gold prices is a reaction to the rapid rise in prices since the start of the year, said Krishan Gopaul, senior analyst at the WGC. While the rally to multiple new record highs is unlikely to deter central banks from buying gold — gold tends to be more strategic — it may partly explain the slowdown in the pace of monthly net purchases.
With the domestic gold bar price falling sharply and the world gold price listed at Kitco at 3,356.78 USD/ounce (equivalent to about 106 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 11.2 million VND/tael.
THU UYEN
*Please visit the Economics section to see related news and articles.
Source: https://baodaknong.vn/gia-vang-hom-nay-4-6-vang-mieng-rot-gia-254520.html
Comment (0)