On the evening of June 3, the price of SJC gold bars was simultaneously adjusted by gold companies such as SJC, PNJ, DOJI to around 114.9 million VND per tael for buying and 117.2 million VND per tael for selling, down 800,000 VND compared to the morning.
Meanwhile, the price of 99.99% gold rings and jewelry gold decreased at a slower rate, around 111 million VND/tael for buying and 113.5 million VND/tael for selling, down 500,000 VND/tael compared to the morning.
The price of SJC gold bars decreased faster than the price of gold rings. Notably, the difference in the price of gold rings suddenly widened compared to that of SJC gold bars, up to 2.5 million VND/tael. This development was quite surprising, because in the previous days, businesses widened the difference in the buying and selling prices of SJC gold bars to 3 million VND, even 4 million VND when the price fluctuated strongly.
Domestic gold prices reversed and fell sharply following world prices. On the international market, tonight at 8:15 p.m., Vietnam time, gold prices are at 3,360 USD/ounce, down about 20 USD/ounce from the highest level of the session.
SJC gold bar price decreased again in the afternoon
Although precious metals on the international market are down, analysts still believe that the outlook for precious metals is positive. Because trade tensions between the US and China are making investors worried.
Meanwhile, the Organization for Economic Cooperation and Development (OECD) has just lowered its forecast for global economic growth in 2025 to 2.9% from 3.1%. The OECD warned that global economic growth would decline further if there were more trade tariffs. The organization also predicted that the US would not change interest rates this year. Gold is benefiting as a safe haven.
Currently, the world gold price converted according to the listed exchange rate is about 106.3 million VND/tael.
Source: https://nld.com.vn/toi-3-6-gia-vang-mieng-sjc-vang-nhan-rot-manh-196250603203554247.htm
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