Gold price today (June 7): Domestic gold price goes against the trend...

Domestic gold price today

The price of domestic gold bars increased by more than 600,000 VND/tael. At the end of June 6, gold brands were buying at 116 million VND/tael and selling at 118 million VND/tael. Phu Quy SJC gold was buying at 100,000 VND lower than other brands.

Meanwhile, gold ring prices of various brands were also adjusted up and down in both buying and selling prices. Specifically, the buying price of SJC 9999 gold ring was at 112 million VND/tael, an increase of 100,000 VND/tael; the selling price was at 114.3 million VND/tael, an increase of 300,000 VND compared to early this morning.

DOJI in Hanoi and Ho Chi Minh City markets stabilized buying and selling prices compared to early this morning, trading at 112.5 million VND/tael for buying and 114.5 million VND/tael for selling, respectively.

The price of Bao Tin Minh Chau brand gold rings has stabilized in terms of buying and selling compared to yesterday morning, trading at 113.5 - 116.5 million VND/tael (buy - sell).

Phu Quy SJC is buying gold rings at 111.5 million VND/tael, down 300,000 VND/tael; selling at 114.5, down 300,000 VND/tael compared to early this morning.

PNJ brand gold ring price is bought at 112 million VND/tael, up 100,000 VND/tael; sold at 114.4 million VND/tael, up 400,000 VND/tael.

Domestic gold bar prices updated at 5:30 a.m. June 7 as follows:

Yellow	Area	Early morning 6-6	Early morning 7-6	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	115.4	117.7	116	118	+600	+300
Ho Chi Minh City	115.4	117.7	116	118	+600	+300
SJC	Ho Chi Minh City	115.4	117.7	116	118	+600	+300
Hanoi	115.4	117.7	116	118	+600	+300
Danang	115.4	117.7	116	118	+600	+300
PNJ	Ho Chi Minh City	115.4	117.7	116	118	+600	+300
Hanoi	115.4	117.7	116	118	+600	+300
Bao Tin Minh Chau	Nationwide	115.4	117.7	116	118	+600	+300
Phu Quy SJC	Nationwide	114.9	117.7	115	118	+100	+300

World gold price today

World gold prices fell, with spot gold down $42.31 to $3,311.71 an ounce. Gold futures last traded at $3,346.6 an ounce, down $28.5 from early yesterday morning.

According to Kitco.com, the gold market initially tried to recover on June 6, but stronger-than-expected jobs data really turned things around as the USD strengthened.

According to a report released by the US Department of Labor on June 6, the world's number one economy created 139,000 new jobs in May, higher than the 125,000 estimate of analysts participating in the Dow Jones survey. The unemployment rate was unchanged from the previous month, at 4.2%. Nearly half of the job growth in May came from the health care, leisure and hospitality sectors.

On the other hand, the government lost 22,000 jobs as federal workforce reduction efforts by President Donald Trump and the Government Efficiency Agency (led by billionaire Elon Musk) began to have an impact.

The report comes as the US economy faces uncertainty due to Mr Trump's tariff policies and the president's ambition to balance global trade.

Commenting on the new report, Lindsay Rosner, head of fixed income at Goldman Sachs Asset Management, said: “Stronger-than-expected job growth and a stable unemployment rate demonstrate the resilience of the labor market in the face of recent shocks.”

Gold has failed to break above $3,400 an ounce, and with a relatively stable labor market, the precious metal could hold its current price for the foreseeable future. However, analysts still believe that gold has plenty of upside potential this year. Michael Brown, senior research strategist at Pepperstone, described gold as “pretty directionless” after calling the jobs report “neither too hot nor too cold.”

Although gold continued to see some profit-taking late in the week, the precious metal is posting modest gains for the week as prices continue to consolidate at high levels. Analysts note that gold’s ability to hold initial support above $3,300 an ounce shows underlying strength in the market, even as buyers face an uphill battle.

With the domestic gold bar price falling sharply and the world gold price listed at Kitco at 3,311.71 USD/ounce (equivalent to about 104.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 11.3 million VND/tael.

THU UYEN

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Source: https://baodaknong.vn/gia-vang-hom-nay-7-6-vang-trong-nuoc-nguoc-chieu-voi-the-gioi-254857.html