Gold prices surged on May 6th, showing clear signs of recovery.

According to Kitco News, the world gold price this morning was recorded at $4,592.6 per ounce, an increase of $36 per ounce (0.97%). Converted using the USD exchange rate at Vietcombank (26,368 VND/USD), the world gold price is approximately 146 million VND per tael (excluding taxes and fees). Thus, the price of SJC gold bars is currently about 20 million VND per tael higher than the international gold price.

Spot gold and silver prices both rose again in North American trading yesterday, as bargain-hunting emerged after the earlier sharp sell-off. This development occurred against the backdrop of falling oil prices and the US stock market reaching new highs, contributing to improved investor sentiment.

From a technical perspective, gold is attempting to stabilize after a sharp decline earlier in the week. Buyers are targeting a breakout above the resistance zone of $4,568.89–$4,629.39 per ounce. If successful, the price could extend its gains to the $4,670–$4,720 per ounce range. Conversely, in a negative scenario, if the support level of $4,503.72 per ounce is breached, gold could retreat to lower levels such as $4,485 and $4,450 per ounce.

Domestically, Saigon Jewelry Company Limited (SJC) listed gold bars this morning at 163.3 - 166.3 million VND/ounce (buying price - selling price), remaining stable compared to yesterday. The difference between buying and selling gold bars is currently 3 million VND/ounce.

Similarly, DOJI Group, Bao Tin Minh Chau brand, and Phu Nhuan Jewelry Joint Stock Company (PNJ) listed gold bars this morning at 162-165 million VND/ounce (buying price - selling price), a decrease of 1.3 million VND/ounce in both buying and selling prices compared to yesterday. The difference between the buying and selling price of gold bars is currently 3 million VND/ounce.

For gold rings, DOJI Group listed 9999 Hung Thinh Vuong round gold rings at 162 - 165 million VND/ounce (buying price - selling price), a decrease of 1.3 million VND/ounce in both buying and selling prices. The buy-sell spread is 3 million VND/ounce.

Bao Tin Minh Chau branded gold rings are listed at 162–165 million VND/ounce (buy-sell), a decrease of 1.3 million VND/ounce in both buying and selling prices. SJC lists gold rings at 162.8–165.8 million VND/ounce (buy-sell). The difference between the buying and selling price at SJC is 3 million VND/ounce.

Source: https://hanoimoi.vn/gia-vang-ngay-6-5-bat-tang-tin-hieu-phuc-hoi-dan-ro-net-748518.html