At 8:30 AM on May 30th, the price of SJC gold bars, as listed by SJC, PNJ, and DOJI companies, increased again to 116.5 million VND/ounce for buying and 119 million VND/ounce for selling; an increase of 1 million VND/ounce compared to the end of yesterday.
The price of 99.99% pure gold rings and jewelry also recovered to 111 million VND/ounce for buying and 114 million VND/ounce for selling, an increase of 700,000 VND per ounce compared to the end of yesterday.
Domestic gold prices have fluctuated sharply over the past two days, rising and falling by millions of dong each day. Domestic gold prices are being influenced by directives from regulatory agencies regarding gold market policies and fluctuations in global gold prices. On the international market, gold prices today unexpectedly regained the $3,300/ounce mark, and are even rising back to the highs of previous days.
SJC gold bar prices rose again this morning.
At 9:00 AM Vietnam time, precious metals on the international market were trading at $3,308 per ounce, a total increase of approximately $50 per ounce compared to the lowest point of the previous session.
According to analysts, gold prices rebounded as the US dollar weakened and US Treasury yields fell to 4.42% for 10-year maturities. The US dollar index (DXY) retreated significantly from the 100-point mark and is currently trading around 99.3 points. These factors created favorable conditions for gold to regain its appeal. The rise in gold prices surprised investors, as some had previously predicted the precious metal could fall to as low as $3,200 per ounce.
Currently, the world gold price, converted according to the listed exchange rate, is approximately 104.3 million VND per tael.
Source: https://nld.com.vn/sang-30-5-gia-vang-mieng-sjc-tang-tro-lai-196250530091751126.htm
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