Gold price on June 6: SJC gold bars increased to 118 million VND/tael

(Photo: NGOC BICH)

In the domestic market, this morning, the price of SJC gold bars increased to 118 million VND/tael. Currently, the domestic gold price is about 11 million VND/tael higher than the world price .

Specifically, at 9:00 a.m. on June 6, Saigon Jewelry Company (SJC) listed the buying and selling prices of SJC gold bars at VND116-118 million/tael, up VND600,000 and VND300,000 respectively compared to the previous session. The difference between buying and selling is VND2 million/tael.

The price of SJC 9999 gold ring is 112 million VND/tael for buying and 114.3 million VND/tael for selling, unchanged from the previous session's closing price.

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, unchanged from the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 112.5-114.5 million VND/tael.

PNJ Gold is currently buying at 112 million VND/tael and selling at 114.4 million VND/tael, up 100,000 VND and 400,000 VND respectively compared to the previous session.

As of 9:00 a.m. on June 6 (Vietnam time), the world gold price decreased by 11.41 USD to 3,368.9 USD/ounce.

World gold prices fell sharply this morning after soaring to $3,404/ounce last night due to profit-taking pressure as investors took profits after gold prices reached their highest level in four weeks.

According to analysts from the World Gold Council (WGC), the fact that global gold investment funds sold more than 19 tons last May also caused a wave of sell-offs, putting pressure on gold prices.

The WGC warned that the current neutral monetary policy stance of the US Federal Reserve (FED) could be a headwind for gold this summer. However, experts also noted that the downside risk to gold prices could be mitigated by concerns about inflation and unsustainable debt levels.

WGC analysts predict that economic uncertainty, especially global trade tensions, will continue to support gold prices even as inflation risks increase.

This morning, the USD-Index increased slightly to 98.75 points; the yield on 10-year US Treasury bonds was at 4.387%; US stocks turned down after the debate between President Trump and Elon Musk; world oil prices decreased slightly, trading at 65.28 USD/barrel for Brent oil and 63.16 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-6-6-vang-mieng-sjc-tang-len-muc-118-trieu-dong-luong-213072.html