SJC gold bars fall below 120 million VND/tael

(Dan Tri) - Domestic and international gold prices both decreased after the first trading session of the week. Each tael of gold bar decreased by 700,000 VND in selling price, while world gold price decreased by more than 34 USD/ounce compared to before.

At the end of the trading session on June 16, the price of SJC gold bars was listed by large enterprises at 117.6-119.6 million VND/tael (buy - sell), down 200,000 VND for buying and down 700,000 VND for selling compared to the opening session. The difference between the two buying and selling prices is currently 2 million VND/tael.

The price of plain gold rings is also listed by businesses at 113.9-116.4 million VND/tael (buy - sell), unchanged from before.

In the international market, the world gold price is around 3,400 USD/ounce, down 34 USD compared to before. According to the exchange rate excluding tax and fees, the precious metal is equivalent to 107.5 million VND/tael.

Domestic and world gold prices fell simultaneously (Photo: Hai Long).

After a week of strong gains due to the escalating conflict between Israel and Iran, world gold prices are gradually slowing down. The precious metal market is showing signs of adjustment as investors begin to get used to the “new normal” and risk appetite improves.

Gold prices are still being affected by a number of geopolitical and economic factors, including tensions in the Middle East, the risk of a trade war due to the new US tax policy, and the weakening global growth outlook. However, profit-taking has emerged as some investors believe the rally may have reached its limit.

Wall Street analysts remain optimistic about gold prices this week as geopolitical tensions show no signs of abating, according to a recent Kitco News survey. However, retail investors are more cautious, fearing that gold will correct ahead of important interest rate policy decisions by the US Federal Reserve (Fed).

Bank USD prices continue to increase

USD-Index - a measure of the greenback's fluctuations against six major currencies - decreased 0.04% compared to yesterday, to 98.14 points.

In the foreign exchange market, the central exchange rate is currently listed by the State Bank at 24,993 VND/USD, up 18 VND. With a 5% margin compared to the central exchange rate, the ceiling rate applied is 26,242 VND/USD and the floor rate is 23,744 VND/USD.

The USD exchange rate listed by major banks is 25,852-26,242 VND (buying - selling), an increase of 12 VND in both directions compared to the previous day. Meanwhile, at joint stock banks, the corresponding exchange rate for both buying and selling is 25,870-26,242 VND, an increase of 40 VND in buying and 21 VND in selling.

In the free market, the USD price is traded at 26,220-26,320 VND (buy - sell), down 50 VND compared to before.

Source: https://dantri.com.vn/kinh-doanh/vang-mieng-sjc-ve-duoi-120-trieu-dongluong-20250617070637884.htm