At the opening session of January 6, the price of 9999 gold bars at SJC Ho Chi Minh City was 66.45 million VND/tael (buy) and 67.05 million VND/tael (sell). SJC Hanoi listed at 66.45 million VND/tael (buy) and 67.07 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 66.5 million VND/tael and sold at 67 million VND/tael.
Gold prices gradually recovered, increasing by about VND100,000/tael in the following sessions. On June 6, domestic gold prices plummeted again, down VND150,000/tael.
From the session on June 9, domestic gold prices started to increase slightly by 50,000 VND/tael in the following sessions.
At the end of the trading session on June 17, 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 66.5 million VND/tael (buy) and 67.1 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 66.55 million VND/tael and sold at 67.05 million VND/tael.
Since the beginning of the month, domestic gold prices at SJC and Doji have increased by VND50,000/tael in both buying and selling directions.
On the world market, the spot gold price on June 17 (Vietnam time) was trading at 1,958 USD/ounce.
In the short term, gold prices may fluctuate slightly, trading in the range of $1,930 - $1,980/ounce, depending on upcoming US economic data, according to Harshal Barot, senior consultant at Metals Focus.
Tai Wong, an independent metals trader in New York, said gold remains sensitive to weak or dovish economic data. Gold is trading in a range of $1,940-$1,990 an ounce.
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