Gold prices on May 31st: A sharp increase across the board.

GD&TĐ - Domestic and international gold prices on May 31st continued to rise compared to yesterday.

Gold bar price

The SJC, Bao Tin Manh Hai, PNJ, and DOJI brands traded at 156 million VND/ounce for buying and 159 million VND/ounce for selling, an increase of 500,000 VND/ounce in both directions compared to yesterday.

Phu Quy gold is trading at 155.5 million VND/ounce for buying and 159 million VND/ounce for selling, an increase of 500,000 VND/ounce in both directions compared to yesterday.

Mi Hong gold is trading at 157 million VND/ounce for buying and 158.5 million VND/ounce for selling, unchanged from yesterday.

Gold ring prices

SJC listed the buying price at 155.8 million VND/ounce and the selling price at 158.8 million VND/ounce, an increase of 500,000 VND/ounce in both directions compared to yesterday.

Bao Tin Minh Chau is trading at 156 million VND/ounce for buying and 159 million VND/ounce for selling.

Bao Tin Manh Hai is buying gold at 154.5 million VND/ounce, an increase of 500,000 VND/ounce compared to yesterday.

DOJI and PNJ are trading at 156 million VND/ounce for buying and 159 million VND/ounce for selling, an increase of 500,000 VND/ounce in both directions compared to yesterday morning.

Phu Quy gold is trading at 155.5 million VND/ounce for buying and 158.5 million VND/ounce for selling, an increase of 500,000 VND/ounce in both directions compared to yesterday morning.

World gold prices

According to Kitco, the spot price of gold in the world market at 4:00 AM on May 31st (Vietnam time) was $4,538.3 per ounce, an increase of $43.4 per ounce compared to yesterday.

Based on the Vietcombank exchange rate of 26,395 VND/USD, the world gold price is equivalent to approximately 144.4 million VND/ounce (excluding taxes and fees). The current price of SJC gold bars is about 14.6 million VND/ounce higher than the world gold price.

After falling to its lowest level in nearly two months, world gold prices have shown a certain degree of recovery.

However, the precious metal is still at risk of recording a third consecutive month of decline.

Experts predict that in the short term, gold prices are likely to continue fluctuating sharply as the market assesses the impact of inflation, the monetary policy of the US Federal Reserve, the performance of the US dollar, and geopolitical tensions in the Middle East.

Source: https://giaoducthoidai.vn/gia-vang-ngay-315-dong-loat-tang-manh-post779798.html