Domestic gold price jumps to 118 million VND/tael

(Dan Tri) - In the context of the world gold price remaining above the threshold of 3,300 USD/ounce, the price of gold bars and gold rings in the country also increased. Currently, the selling price of gold bars is 118 million VND/tael.

Domestic gold prices increased simultaneously

At the end of the trading session on June 6, the price of SJC gold bars was listed by large enterprises at 116-118 million VND/tael (buy - sell), an increase of 600,000 VND for buying and 300,000 VND for selling. The difference between the two buying and selling prices is 2 million VND/tael.

Since the beginning of the week, the price of gold bars has continuously increased and decreased, fluctuating within a narrow range. At one point, the highest selling price reached 118.5 million VND/tael, and at another time, it dropped to 117 million VND/tael.

The listed price of plain gold rings is 112-114.3 million VND/tael (buy - sell), an increase of 300,000 VND each way.

Domestic gold prices increased simultaneously (Photo: Thanh Dong).

Domestic gold prices increased in the context of world gold prices remaining above the resistance level of 3,300 USD/ounce. Specifically, the precious metal traded around 3,328 USD/ounce. Previously, there was a time when this item reached the mark of 3,400 USD/ounce.

Gold prices remained high as the latest US labor market data released showed that initial jobless claims were higher than expected, disappointing investors. Specifically, according to the announcement of the US Department of Labor, the number of initial state unemployment claims increased to 247,000 (seasonally adjusted) at the end of May.

In addition, the performance of the US dollar also plays an important role in guiding gold prices. If the US dollar weakens due to expectations of lower interest rates, gold prices will be supported. Conversely, if the US dollar maintains its strength, gold may face correction pressure. The US dollar index - a measure of the greenback's strength against a basket of major currencies - is at 99.1 points, still below the 100-point threshold.

USD in all markets decreased simultaneously

At the end of this week, the State Bank listed the exchange rate at 24,992 VND/USD, down 3 VND compared to the previous session. With a 5% margin compared to the central exchange rate, the ceiling rate applied is 26,241 VND/USD and the floor rate is 23,742 VND/USD.

The USD exchange rate listed by major banks is 25,905-26,241 VND (buying - selling), down 3 VND for selling compared to the previous day. At joint stock banks, the corresponding exchange rate for buying and selling is 25,881-26,241 VND, down 3 VND for both. Banks are listing the USD selling price at the ceiling price.

On the free market, the USD price is traded at 26,225-26,325 VND (buy - sell), down slightly 5 VND compared to before.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-trong-nuoc-bat-tang-len-118-trieu-dongluong-20250607020043444.htm