According to reports today (afternoon of June 1st), the price of gold in the domestic market is listed as follows:

SJC gold at Bao Tin Manh Hai: 156 million VND/ounce for buying, 159 million VND/ounce for selling (same price as this morning in both directions).

SJC gold in Hanoi and SJC gold in Da Nang: 155.5 million VND/ounce for buying, 158.5 million VND/ounce for selling (down 500,000 VND/ounce compared to this morning in both directions).

Phu Quy SJC gold: 155 million VND/ounce for buying, 158.5 million VND/ounce for selling (down 500,000 VND/ounce compared to this morning in both directions).

DOJI gold in Hanoi and DOJI gold in Ho Chi Minh City: 155.5 million VND/ounce for buying, 158.5 million VND/ounce for selling (down 500,000 VND/ounce compared to this morning in both directions).

Gold prices today (afternoon of June 1st): Declining across the board. Illustration photo: baohatinh.vn

PNJ gold rings in Ho Chi Minh City and Hanoi: 155.5 million VND/ounce for buying, 158.5 million VND/ounce for selling (down 500,000 VND/ounce compared to this morning in both directions).

999.9 gold rings from Bao Tin Manh Hai are trading at 154.5 million VND/ounce for buying (the same price as this morning).

Thus, this afternoon (June 1st), in the domestic market, the price of gold bars and gold rings decreased across most brands, with the highest selling price at 158.5 million VND/ounce for both gold bars and gold rings.

On the world market this afternoon (June 1st), the spot price of gold is at 4,521.2 USD/ounce.

On the morning of June 1st, Asian gold prices edged lower under pressure from the recovery of the US dollar and the rise in oil prices. Investors are focusing their attention on US President Donald Trump's upcoming decision regarding an extension of the ceasefire with Iran.

The appreciation of the US dollar has made gold, an asset that is traded in this currency, more expensive for investors holding other foreign currencies.

These geopolitical uncertainties immediately pushed crude oil prices up by more than 2% in early trading on June 1st, raising concerns about a new wave of inflation. Officials at the US Federal Reserve (Fed) also warned of this risk, stating that the impact of the Middle East conflict could lead to persistent inflation, forcing the agency to tighten monetary policy.

In India, demand for physical gold remained weak last week due to high prices and import taxes. In China, the leading consumer market, the price spread also narrowed as investors maintained a cautious sentiment.

Nevertheless, data from the Commodity Futures Trading Commission shows that speculators increased their net long positions by 2,544 contracts, to 96,931 contracts in the week ending May 26.

    Source: https://www.qdnd.vn/kinh-te/tin-tuc/gia-vang-hom-nay-chieu-1-6-giam-ca-hai-chieu-1042248