Gold bars retreat to near 117 million VND/tael

At the end of the trading session on June 3, the price of SJC gold bars was listed by large enterprises at 114.9-117.2 million VND/tael (buy - sell), down 900,000 VND in buying price and down 600,000 VND in selling price compared to the opening session. The difference between buying and selling price was 2.3 million VND/tael.

The price of plain gold rings is listed at 111-113.5 million VND/tael (buy - sell), down 200,000 VND in both buying and selling directions.

On the international market, the price of gold in the early morning (June 4, Vietnam time) was trading around 3,356 USD/ounce, down 16 USD compared to before. Converted at the exchange rate excluding taxes and fees, the world gold price is equivalent to 106.1 million VND/tael. The world price of precious metals is currently about 11 million VND lower than the domestic price, depending on the time.

Vàng miếng lùi xa về sát mốc 117 triệu đồng/lượng - 1 — Gold bar prices continue to fall (Photo: Manh Quan).

In the trading session on June 3, the world gold price maintained a slight downward trend, adjusting after reaching a 3-week high. The downward pressure mainly came from the technical recovery of the USD. The greenback is regaining momentum after falling to a 6-week low.

Data from the US Department of Labor showed that the number of new jobs in April reached 7.39 million, up slightly from 7.2 million the previous month and exceeding the forecast of a decrease to 7.11 million. Although the result showed that the labor market remained stable, gold prices did not react much, after rising nearly 3% in the previous session (June 2), causing investors to take advantage of the situation to take profits.

Gold prices could continue to struggle if the US labor market continues to show resilience, analysts say. The US Federal Reserve (Fed) remains cautious and shows no signs of rushing to cut interest rates, given high inflation and stable employment.

The market's focus is now on the US Non -Farm Payrolls report for May, scheduled to be released on June 6. This is considered an important indicator that can guide the Fed's policy expectations in the coming time.

Bank USD price continues to increase

At the end of the session on June 3, the central exchange rate was listed by the State Bank at 24,982 VND/USD, up 12 VND compared to the previous trading session. With a 5% amplitude, the ceiling and floor exchange rates applied are 26,232 VND/USD and 23,735 VND/USD, respectively.

Major banks listed the exchange rate at 25,840 - 26,230 VND/USD (buy - sell), up 30 VND in both buying and selling directions. At the group of private commercial banks, units listed the greenback trading price at 25,850 - 26,231 VND/USD (buy - sell), up 20 VND compared to the previous session.

On the free market, some foreign exchange points buy and sell USD at 26,230-26,330 VND/USD, down 30 VND each way.

Source: https://dantri.com.vn/kinh-doanh/vang-mieng-lui-xa-ve-sat-moc-117-trieu-dongluong-20250604072100781.htm