Domestic gold price is about 13.7 million VND/tael higher than world price

This difference has decreased sharply compared to last weekend. This morning, May 27, domestic gold prices remained unchanged.

The company listed SJC gold bars at 116.5 million VND/tael (buy) - 119 million VND/tael (sell), unchanged from the end of yesterday.

This morning, gold price remained stable. Photo: HT

The price of gold rings also remained unchanged, Phu Quy Group set it at 112 million VND/tael (buy) - 115 million VND/tael (sell), unchanged from the previous day.

Saigon Jewelry Company Limited continues to set the price at 111.5 million VND/tael (buy) - 114.5 million VND/tael (sell).

Phu Nhuan Jewelry Joint Stock Company still listed the price at 112 million VND/tael (buy) - 115 million VND/tael (sell).

Previously, on May 26, the price of SJC gold bars decreased by VND2.5 million/tael (buying price) and VND2 million/tael (selling price). The price of gold rings decreased by VND800,000-1,500,000/tael each way.

On the international market, early this morning, the world gold price was trading at 3,348 USD/ounce, down 10 USD compared to the opening price the previous day. At nearly 9am, the precious metal was priced at 3,338.8 USD/ounce.

World gold prices fell because demand for this commodity gradually decreased after the US postponed imposing a 50% tax on imports from the EU until July 9, instead of implementing it from June 1 as previously announced.

The converted world gold price is currently about VND13.6 million/tael lower than the domestic gold price. This difference is a sharp decrease compared to nearly VND15 million/tael last weekend.

Source: https://hanoimoi.vn/gia-vang-trong-nuoc-cao-hon-the-gioi-khoang-13-7-trieu-dong-luong-703606.html