Domestic gold prices fluctuate, far exceeding world prices

At the end of the trading session on June 5, the price of SJC gold bars was listed by large enterprises at 115.4-117.7 million VND/tael (buy - sell), an increase of 500,000 VND in both buying and selling directions. The difference between the buying and selling directions was 2.3 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 price of plain gold rings increased by 200,000 VND in buying but remained unchanged in selling, listed at 111.7-114 million VND/tael (buy - sell).

On the international market, the price of gold in the early morning (June 5, Vietnam time) was traded at around 3,356 USD/ounce, down nearly 20 USD compared to before. Converted at the exchange rate excluding taxes and fees, the world gold price is equivalent to 106.2 million VND/tael. The world price of precious metals is currently lower than the domestic price by about 10.5-11 million VND/tael, depending on the time.

Gold prices fell in the June 5 trading session after US President Donald Trump and Chinese President Xi Jinping agreed to resume trade negotiations.

Gold, a traditional safe haven in times of political and economic uncertainty, has gained about 28% since the start of the year. Global central banks are expected to buy up to 1,000 tonnes of gold by 2025, a fourth consecutive year of net purchases, as they continue to diversify their foreign exchange reserves away from US dollar-denominated assets, according to forecasts from Metals Focus.

On the other hand, data just released showed that the number of unemployment claims in the US increased for the second consecutive week. All attention is now focused on the Non- Farm Payrolls report, which will be released on June 6 (US time) - a key indicator of the health of the US labor market.

Central rate slightly decreased

In the foreign exchange market, the central exchange rate ending June 5 was adjusted down by 9 VND by the State Bank compared to the previous session, listed at 24,995 VND/USD.

With a trading band of 5% compared to the central rate, today's ceiling rate is 26,249 VND/USD and the floor rate is 23,745 VND/USD.

Major banks listed the exchange rate at 25,854-26,244 VND/USD (buy - sell), up to the ceiling selling price. At the group of private commercial banks, units listed the greenback trading price at 25,870-26,244 VND/USD (buy - sell), also at the ceiling price.

On the free market, some foreign exchange points buy and sell USD at 26,225-26,325 VND/USD, an increase of 10 VND each way.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-trong-nuoc-linh-xinh-bo-xa-gia-the-gioi-20250606032203143.htm