Gold price today June 9: Domestic gold is 13 million VND/tael higher than world gold

On the morning of June 9, the global gold market opened the trading week with a sudden sharp drop, breaking through the 3,300 USD/ounce mark. At 9:00 (Vietnam time), the world gold price was trading at 3,294 USD/ounce, down about 14 USD/ounce compared to the previous session.

This development once again shows that the world gold price continues to "break the bottom", contrary to the expectations of most experts and investors. In the Kitco survey at the end of the week, the majority of opinions predicted that the gold price will continue to increase due to geopolitical concerns and economic instability.

However, according to experts, the factors supporting gold prices have been partly reflected in the price in recent times. When the global stock market recovers strongly, money tends to leave gold - which is at a high price. In the scenario of geopolitical tensions easing, gold prices could slide to the $3,100/ounce range.

Giá vàng hôm nay 9-6: Vừa mở cửa, lao dốc mạnh - Ảnh 1. — SJC gold bar and gold ring prices remain "unchanged" despite world prices falling

In the domestic gold market, gold prices this morning did not record significant fluctuations. Currently, SJC gold bars and gold rings are almost unchanged after a week of downward adjustment.

At large enterprises such as SJC, PNJ, DOJI , the price of gold bars is currently listed at 115.2 million VND/tael (buy) and 117.2 million VND/tael (sell), unchanged from the end of last week.

99.99% gold rings and jewelry gold also traded around 111.2 - 113.5 million VND/tael, unchanged from the most recent session.

It is noteworthy that some businesses have proactively adjusted the buying price of gold bars by 300,000 VND/tael, while keeping the selling price unchanged. This move has narrowed the difference between buying and selling prices to 2 million VND/tael, much lower than the previous level of 3-3.5 million VND/tael.

After two consecutive weeks of decline, domestic gold prices have lost a total of about 3.8 million VND/tael compared to the end of May.

Meanwhile, if converted at the listed exchange rate, the world gold price is currently around 104.2 million VND/tael - about 13 million VND/tael lower than SJC gold bars.