Domestic gold price today
Early morning of June 10 , SJC gold price 9999 today increased by 50 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:44 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:41 a.m. as follows:
Buy | Sell | |
SJC Hanoi | 66,550,000 VND/tael | 67,170,000 VND/tael |
SJC HCMC | 66,550,000 VND/tael | 67,150,000 VND/tael |
SJC Danang | 66,550,000 VND/tael | 67,170,000 VND/tael |
Doji Hanoi | 66,450,000 VND/tael | 67,050,000 VND/tael |
Doji HCMC | 66,500,000 VND/tael | 67,100,000 VND/tael |
SJC and DOJI gold price list updated early morning June 10
At the end of the trading session on June 9, the price of 9999 gold bars at SJC Ho Chi Minh City was 66.5 million VND/tael (buy) and 67.1 million VND/tael (sell). SJC Hanoi listed at 66.5 million VND/tael (buy) and 67.12 million VND/tael (sell).
Doji Hanoi listed at 66.45 million VND/tael (buy) and 67.05 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 66.45 million VND/tael and sold at 66.95 million VND/tael.
The central exchange rate on June 10 announced by the State Bank is 23,717 VND/USD. The USD price at commercial banks this morning (June 10) was traded around 23,280 VND/USD (buy) and 23,650 VND/USD (sell).
International gold price today
At 10:29 a.m. today (June 10, Vietnam time) , the world spot gold price stood at around 1,960.7 USD/ounce, down 1 USD/ounce compared to last night. The price of gold futures for August delivery on the Comex New York floor was at 1,977.2 USD/ounce.
On the morning of June 10 , world gold converted to USD bank price was over 55.9 million VND/tael (excluding tax and fees), about 11.27 million VND/tael lower than domestic gold price.
On the world market, spot gold price on June 9 (Vietnam time) was trading at 1,961 USD/ounce.
The global gold market was little changed ahead of the important inflation report and the Fed meeting next week. Most markets believe that the Fed will pause its interest rate tightening cycle. However, investors are still worried about the possible developments of the central bank like the case of Canada.
The Bank of Canada (BoC) has raised interest rates by 25 basis points to 4.75%, as the economy unexpectedly grew strongly and inflation remained high.
Previously, in March, BoC became the first major bank to stop its policy of raising interest rates, which had been implemented since June 2022 to control inflation.
The market is also watching the US release its May 2023 consumer inflation report on June 13.
Gold Price Forecast
The US economy continues to weaken, which is good news for gold, said Edward Moya, senior market analyst at Oanda. If inflation continues to decline and the Fed does not raise interest rates at its next meeting, gold will break out.
Gold is trading at $1,940 an ounce support and $1,977 an ounce resistance, with some declines due to profit-taking after the sharp rally, said Tim Waterer, market analyst at KCM Trade.
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