Gold ring price on the afternoon of May 27 decreased by 900 thousand VND/tael

After a slight decrease in the early morning of May 27, by the afternoon of the same day, the price of domestic gold rings continued to decrease sharply.

Specifically, updated at 3:40 p.m., at Bao Tin Minh Chau Company, the listed price of gold bars and gold rings was 113.8 - 116.8 million VND/tael (buy - sell), down 700,000 VND/tael in both buying and selling compared to the closing price this morning (9:20 a.m.); down 900,000 VND/tael in both buying and selling compared to the closing price yesterday.

Saigon Jewelry Company (SJC) listed the price of gold rings at 110 - 114 million VND/tael (buy - sell), down 500 thousand VND/tael in both buying and selling compared to the closing price this morning and yesterday.

DOJI Group listed the price of gold rings at 111.3 - 114 million VND/tael (buy - sell), down 700 thousand VND/tael for buying and down 500 thousand VND/tael for selling compared to the closing price this morning and yesterday.

For SJC gold bars, Saigon Jewelry Company SJC, DOJI Group listed the price at 115.8 - 118.3 million VND/tael (buy - sell), down 700 thousand VND/tael in both buying and selling compared to yesterday's closing price.

In the world market, gold prices fell nearly 1% in the session on May 26 after US President Donald Trump withdrew his warning of imposing a 50% tariff on goods from the European Union (EU) from June 1, thereby reducing demand for safe-haven assets.

In the session on May 26, the spot gold price decreased by 0.8% to 3,332.04 USD/ounce. The US gold futures price also decreased by 1% to 3,331.90 USD/ounce.

UBS analyst Giovanni Staunovo said the slight decline in gold prices was due to Trump’s decision to delay higher tariffs on the EU. In addition, the US Memorial Day holiday fell on that day, so trading activity was low. Markets in the US and the UK were closed on May 26 for a holiday.

NBO

Source: https://baoninhbinh.org.vn/gia-vang-nhan-chieu-27-5-giam-900-nghin-dong-luong-486065.htm