Gold price on June 5: Gold bars and gold rings increased by half a million VND/tael

In today's trading session, gold price Domestic and international brands have increased simultaneously. Currently, the difference between domestic gold bar prices and world gold prices is about 10 million VND/tael.

Specifically, at 10:30 a.m. on June 5, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 115.4-117.7 million VND/tael, an increase of 500,000 VND per tael in both buying and selling compared to the previous session. The buying and selling difference was 2 million VND.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:30 a.m. on June 3.

The price of SJC 9999 gold ring is 111.5 million VND/tael for buying and 114 million VND/tael for selling, an increase of 500 thousand VND/tael for both buying and selling.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 115.4 million VND/tael and sold at 117.7 million VND/tael, an increase of 500 thousand VND per tael in both directions (buying-selling) compared to the previous session's close.

This brand lists prices gold ring Doji Hung Thinh Vuong 9999 remained unchanged in the buying direction and increased by 500 thousand VND/tael in the selling direction compared to yesterday's closing price, trading at 112-114.5 million VND/tael respectively.

PNJ Gold listed the buying price at 111.9 million VND/tael and the selling price at 114 million VND/tael, an increase of 700 thousand VND per tael for buying and 400 thousand VND per tael for selling compared to the previous session.

As of 10:30 a.m. on June 5 (Vietnam time), the world gold price increased by 20.9 USD/ounce compared to the previous session's close to 3,372.7 USD/ounce.

World gold prices today increased compared to the previous session after the US economy announced a sharp decline in employment.

World gold price chart on June 5. (Photo: kitco.com)

The ADP national employment report released on the morning of June 4 showed that only 37 thousand jobs were created in May, much lower than the expectation of 110 thousand jobs.

In addition, trade tensions between the US and China remain a major factor affecting gold prices. The Organization for Economic Cooperation and Development (OECD) recently warned that global economic growth could slow due to the US's tough trade policies. This has increased concerns about the risk of an economic recession, thereby boosting demand for gold in the medium term.

The market is now waiting for news on further discussions between the US and China on trade as well as US non-farm payrolls data due later this week and a series of speeches by US Federal Reserve officials for clues on interest rate policy. If the news is positive, gold prices will cool down, but if there are new uncertainties, gold prices will increase.

Today, the USD-Index is at 98.84 points; the yield on 10-year US Treasury bonds increased to 4.369%; US stocks fell after the employment report; world oil prices fell, trading at 64.75 USD/barrel for Brent oil and 62.6 USD/barrel for WTI oil.

Source: https://baoquangninh.vn/gia-vang-ngay-5-6-vang-mieng-vang-nhan-tang-nua-trieu-dong-luong-3361318.html