Domestic gold price today
Early in the morning on May 30, SJC's 9999 gold price today decreased by 50 thousand dong/tael in the buying and selling direction compared to the end of yesterday's trading session.
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 8:25 and gold price 9999 is listed by Doji Jewelry Group at 8:58 as follows:
| Buy into | Sold out | |
| SJC Hanoi | 66.350.000 VND/tael | 66.970.000 VND/tael |
| SJC HCMC | 66.350.000 VND/tael | 66.950.000 VND/tael |
| SJC Da Nang | 66.350.000 VND/tael | 66.970.000 VND/tael |
| Doji Hanoi | 66.350.000 VND/tael | 66.950.000 VND/tael |
| Doji Ho Chi Minh City | 66.450.000 VND/tael | 66.950.000 VND/tael |
SJC and DOJI gold price list updated early in the morning of June 30
Closing the session on April 29, the price of 5 gold bars at SJC Ho Chi Minh City was 9999 million dong/tael (buying in) and 66,4 million dong/tael (sold out). SJC Hanoi listed at 67 million dong/tael (buying in) and 66,4 million dong/tael (sold out).
Doji Hanoi listed at 66,35 million dong/tael (buy in) and 66,95 million dong/tael (sold out). Doji Ho Chi Minh City bought SJC gold at 66,45 million dong/tael, sold at 66,95 million dong/tael.
Central exchange rate on 30/5 announced by the State Bank is 23.714 VND/USD, up 2 VND compared to yesterday. USD price at commercial banks this morning (June 30) was trading around 5 VND/USD (buying in) and 23.280 VND/USD (selling out).
International gold price today
At 10 am today (April 30, Vietnam time), the world spot gold price stood around the threshold of 1.945,3 USD/ounce, down 2,7 USD/ounce compared to last night. Gold futures for August delivery on Comex New York were at $8 per ounce.
On the morning of May 30, world gold converted to bank dollars was worth nearly 5 million dong/tael (excluding taxes and fees), about 55,46 million dong/tael lower than the domestic gold price. .
On the world market, the spot gold price on May 29 (Vietnam time) traded at $5 per ounce. Gold futures price traded at $1.948 per ounce.
According to experts, at the moment, the gold price is difficult to predict, depending entirely on the US macroeconomic developments. Risks for gold are still many.
Although it is forecasted to increase in the long term, gold is under pressure from a stronger USD in the short term. Currently, the greenback still tends to inched up according to stable US macro data. Some forecasts suggest that the US Federal Reserve (Fed) can still raise interest rates.
Saxo Bank predicts that stress in the banking and financial markets will continue to increase as the US economy receives the impact of the Fed's strong monetary policies.
Meanwhile, negotiations to raise the US government's $31,4 trillion debt ceiling before June 1 encountered some setbacks late last week. This is a rare support, promoting safe-haven buying of gold prices in the near future.
Gold price forecast
According to Kitco, the next level of support for gold is at $1.940 an ounce. If gold falls below that level, the price of gold can slide to the area of 1.915 USD/ounce, or even 1.900 USD/ounce.
Meanwhile, experts forecast that the gold price will continue to increase and reach a new high in 2023 when the Fed will end the cycle of interest rate hikes and reverse to decline. A weak USD and still high inflation will support gold prices.
Some gold funds also believe that, after this price drop, gold will begin to enter a new bull period, with the price going to exceed 2.100 USD/ounce in 2023.