Domestic gold price today
Early morning on June 3, the price of gold 9999 of SJC today decreased by 100 thousand dong/tael in the buying afternoon and remained unchanged in the selling side compared to the end of yesterday's session.
Gold price 9999 is updated by Saigon Jewelry Company Limited (SJC) at 9:42 and gold price 9999 is listed by Doji Jewelry Group at 9:36 as follows:
| Buy into | Sold out | |
| SJC Hanoi | 66.350.000 VND/tael | 67.070.000 VND/tael |
| SJC HCMC | 66.350.000 VND/tael | 67.050.000 VND/tael |
| SJC Da Nang | 66.350.000 VND/tael | 67.070.000 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 3
Closing the session on April 2, the price of 6 gold bars at SJC Ho Chi Minh City was 9999 million dong/tael (buying in) and 66,45 million dong/tael (sold out). SJC Hanoi listed at 67,05 million dong/tael (buying in) and 66,45 million dong/tael (sold out).
Doji Hanoi listed at 66,4 million dong/tael (buy in) and 67 million dong/tael (sold out). Doji Ho Chi Minh City bought SJC gold at 66,5 million dong/tael, sold at 67 million dong/tael.
Central exchange rate on 3/6 announced by the State Bank is 23.722 VND/USD. USD price at commercial banks this morning (April 3) was trading around 6 VND/USD (buying in) and 23.280 VND/USD (selling out).
International gold price today
At 10:28 am today (May 3, Vietnam time), the world spot gold price stood around the threshold of 1.947,5 USD/ounce, down 16,5 USD/ounce compared to last night. Gold futures for August delivery on Comex New York were at $8 per ounce.
Morning 3/6, world gold converted at the bank's USD price is more than 55,53 million dong/tael (excluding taxes and fees), about 11,54 million dong/tael lower than the domestic gold price.
On the world market, spot gold price on June 2 (Vietnam time) traded at $6 per ounce, down 1.964% compared to the beginning of the session. Gold futures price traded at 0,63 USD/ounce.
The gold market is trying to hold its position at $2.000 an ounce. However, precious metals face pressure from US labor data. However, precious metals did not react strongly to this report.
Nonfarm payrolls increased by 339.000 jobs last month, according to the US Bureau of Labor Statistics. This number is higher than expected. However, the unemployment rate rose to 3,7%.
Many opinions are concerned, the labor market is still strong, so the US Federal Reserve (Fed) may continue to raise interest rates at its mid-month meeting.
Markets were appeased by the ease with which the US House of Representatives passed an agreement to extend the government's debt ceiling reached between Republicans and Democrats.
Meanwhile, the 10-year US Treasury bond yield is currently at 3,6%.
Gold price forecast
Traders are betting there's a 76,2% chance the Fed won't raise rates at its June 13-14 meeting, according to data from CME Group's FedWatch Tool. Gold, which is not profitable, loses its appeal when interest rates rise.
Edward Meir, an analyst at global financial services platform Marex, said that sentiment in the gold market remains upbeat. Gold prices may rise slightly as many investors speculate that the Fed will keep interest rates unchanged at this month's meeting.
