Gold price today (June 5): Increased

Domestic gold price today

Domestic gold bar prices today are stable compared to yesterday but still at a high level, around 117 million VND/tael for sale.

At the end of June 4, gold brands were buying at 114.9 million VND/tael and selling at 117.2 million VND/tael.

Phu Quy SJC gold is currently being bought at a price 500,000 VND/tael lower than other brands, listed at 114.4 million VND/tael for buying - 117.2 million VND/tael for selling.

PNJ gold is listed 3 million VND/tael lower than other brands: 111.2 million VND/tael for buying - 113.6 million VND/tael for selling.

Today's gold bar price is anchored at 117.2 million VND/tael for sale. Illustration photo: VTV

The price of gold rings of various brands is being traded at a stable level compared to yesterday, about 4 million VND/tael lower than gold bars (except for Bao Tin Minh Chau gold rings).

Specifically, SJC listed gold rings at 111 million VND/tael for buying - 113.5 million VND/tael for selling.

The price of gold rings at DOJI is listed at 112 million VND/tael for buying - 114 million VND/tael for selling.

The price of gold rings at PNJ is listed at 111.2 million VND/tael for buying - 113.6 million VND/tael for selling.

Bao Tin Minh Chau listed the price of gold rings at 113.2 million VND/tael for buying - 116.2 million VND/tael for selling.

Phu Quy listed the price of gold rings at 111.2 million VND/tael for buying - 114.2 million VND/tael for selling.

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

Yellow	Area	Early morning 4-6	Early morning 5-6	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	114.9	117.2	114.9	117.2	-	-
Ho Chi Minh City	114.9	117.2	114.9	117.2	-	-
SJC	Ho Chi Minh City	114.9	117.2	114.9	117.2	-	-
Hanoi	114.9	117.2	114.9	117.2	-	-
Danang	114.9	117.2	114.9	117.2	-	-
PNJ	Ho Chi Minh City	111.2	113.6	111.2	113.6	-	-
Hanoi	111.2	113.6	111.2	113.6	-	-
Bao Tin Minh Chau	Nationwide	114.9	117.2	114.9	117.2	-	-
Phu Quy SJC	Nationwide	114.4	117.2	114.4	117.2	-	-

World gold price today

World gold prices today increased, listed on Kitco around 3,375.8 USD/ounce (equivalent to nearly 107 million VND/tael), up 19.02 USD/ounce compared to early this morning.

Gold futures last traded at $3,397 an ounce, up $17.7 an ounce from early yesterday morning.

Thus, the difference between domestic gold bar price and world gold price is about 10 million VND/tael.

The world gold price today listed on Kitco is around 3,375.8 USD/ounce. Photo: CNN

As gold prices hover above $3,350, prominent asset manager Adrian Day has warned that the market is undervaluing mining stocks and ignoring the risk of a liquidity crunch that could force the US Federal Reserve to resume quantitative easing (QE) as early as September.

“There’s hardly a negative scenario for gold,” Adrian Day told Kitco News, citing central bank buying, Chinese investors hedging against the yuan’s devaluation and rising financial concerns as key drivers of gold’s future price gains.

The Organization for Economic Cooperation and Development (OECD) this week cut its global growth forecast, saying that US tariffs under President Donald Trump have disrupted trade and dragged down GDP by 1.6%. This sent the dollar sharply lower and gold up for a third consecutive week.

Meanwhile, according to analysts, gold prices will still face many fluctuations in the coming time. The reason is that the market is waiting for news about the next discussions between the US and China on trade.

Investors are also watching U.S. non-farm payrolls data due later this week and a series of speeches by Federal Reserve officials for clues on interest rate policy. If the news is positive, gold prices will cool down, but if there are new uncertainties, gold prices will rise.

Gold, a safe haven asset in times of political and economic uncertainty, tends to thrive in low-interest-rate environments. Over the past year, the precious metal has gained nearly 45%.

MR. PHUONG

*Please visit the Economics section to see related news and articles.

Source: https://baodaknong.vn/gia-vang-hom-nay-5-6-bat-tang-254649.html