Gold price June 10: SJC gold bars approach 118 million VND/tael

Opening trading session today, gold price Domestic brands remained at a high level after increasing across the board yesterday (October 9).

Specifically, at 10:30 a.m. on June 10, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 115.7-117.7 million VND/tael, unchanged in both buying and selling prices compared to the previous session. The difference between buying and selling prices was 2 million VND.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:30 am on June 10.

SJC 9999 gold ring price is 111.5 million VND/tael for buying and 113.8 million VND/tael for selling, unchanged in both buying and selling prices.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 115.7 million VND/tael and sold at 117.7 million VND/tael, unchanged in both directions (buying-selling) compared to the previous session's close.

This brand lists its prices at gold ring Doji Hung Thinh Vuong 9999 remained unchanged in both buying and selling prices compared to yesterday's closing price, trading at 112.5-114.5 million VND/tael, respectively.

PNJ Gold listed buying price at 111.5 million VND/tael and selling price at 114 million VND/tael, unchanged in both buying and selling prices compared to the previous session.

As of 10:30 a.m. on June 10 (Vietnam time), the world gold price slightly decreased by 0.8 USD/ounce compared to the previous session to 3,307.89 USD/ounce.

World gold price chart on June 10. (Photo: kitco.com)

Gold prices narrowed their decline as the market awaited new information.

Investors are currently quite cautious. According to expert Tim Waterer from KCM Trade, gold prices will continue to fluctuate slightly until there is clearer information on the progress of the US-China negotiations.

The outcome of the talks will likely determine gold prices in the short term.

If the two countries reach a trade agreement, demand for gold as a safe asset may decrease, putting pressure on gold prices. On the contrary, if the two sides do not reach a desired agreement and trade tensions continue to escalate, investors may pour money into gold to protect their assets and gold prices will rise again.

Investors are also waiting for the US Consumer Price Index (CPI), data to be released on June 13, to assess the country's economic health and predict the trajectory of interest rate cuts by the US Federal Reserve (FED).

Today, the USD-Index stood at 99.19 points; the yield on 10-year US Treasury bonds rose to 4.484%; US stocks were almost unchanged as the market remained cautious amid ongoing US-China trade negotiations; world oil prices traded at 67.16 USD/barrel for Brent and 65.61 USD/barrel for WTI.

Source: https://baoquangninh.vn/gia-vang-ngay-10-6-vang-mieng-sjc-tien-sat-moc-118-trieu-dong-luong-3361960.html