Gold rings and world gold prices surged sharply again.

Domestic gold prices this afternoon, June 28, 2024

As of 2:00 PM on June 28, 2024, the price of gold on the exchanges of several companies was as follows:

The SJC gold price, as listed by gold dealers, is 74.98 million VND/ounce for buying and 76.98 million VND/ounce for selling.

This afternoon, DOJI listed the price of 9999 gold at 74.98 million VND/ounce for buying and 76.98 million VND/ounce for selling.

Meanwhile, at Mi Hong Gold and Gemstone Company, the price of SJC gold listed at the time of the survey was 76.00 – 76.98 million VND/ounce (buying price – selling price).

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is also being traded at 75.50 - 76.98 million VND/ounce (buying price - selling price).

Meanwhile, at Bao Tin Manh Hai, gold is currently being traded at 76,000 – 76.98 million VND/ounce (buying price – selling price).

The price of SJC gold bars remained stable at 76.98 million VND/ounce for the selling price, with no change recorded in gold bar prices across brands and the four banks selling gold over the past three weeks. Only the Mi Hong brand adjusted its buying price down by 500,000 VND/ounce to 76 million VND/ounce in today's trading session.

SJC gold bars remain unchanged, while world gold prices have rebounded sharply after a dramatic plunge, with the difference between domestic and international gold prices narrowing to approximately 4.5 million VND per ounce.

Gold ring prices reversed course and rose slightly in today's trading session, recording an increase of approximately 100,000 - 200,000 VND/ounce compared to yesterday. Currently, the common selling price is 75.5-76.0 million VND/ounce.

The central exchange rate listed by the State Bank of Vietnam is 24,260 VND/USD, a decrease of 4 VND/USD. The USD price at commercial banks is traded around 25,223 VND/USD for buying and 25,473 VND/USD for selling.

Gold prices today, June 28, 2024: Gold rings and world gold prices rise again.

1. DOJI - Updated: 28/06/2024 15:40 - Website time of supply - ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
AVPL/SJC HN	74,980	76,980
AVPL/SJC HCM	74,980	76,980
AVPL/SJC DN	74,980	76,980
9999 Raw Materials - HN	74,100	74,650
Ingredients 999 - HN	74,000	74,550
AVPL/SJC Can Tho	74,980	76,980

2. PNJ - Updated: 29/06/2024 03:30 - Website time of source - ▼ / ▲ Compared to yesterday.
Type	Buy	Sell
Ho Chi Minh City - PNJ	73,950	75,600
Ho Chi Minh City - SJC	74,980	76,980
Hanoi - PNJ	73,950	75,600
Hanoi - SJC	74,980	76,980
Da Nang - PNJ	73,950	75,600
Da Nang - SJC	74,980	76,980
Western Region - PNJ	73,950	75,600
Western Region - SJC	74,980	76,980
Gold jewelry prices - PNJ	73,950	75,600
Gold jewelry prices - SJC	74,980	76,980
Gold jewelry prices - Southeast Vietnam	PNJ	73,950
Gold jewelry prices - SJC	74,980	76,980
Gold jewelry prices - Gold jewelry prices	PNJ Ring (24K)	73,950
Gold jewelry prices - 24K jewelry	73,900	74,700
Gold jewelry prices - 18K jewelry	54,780	56,180
Gold jewelry prices - 14K jewelry	42,450	43,850
Gold jewelry prices - 10K jewelry	29,830	31,230

World gold prices this afternoon, June 28 , 2024 , and a chart showing world gold price fluctuations over the past 24 hours.

According to Kitco, the spot price of gold in the world market at 2:00 PM Vietnam time today was $2,325.62 per ounce. This afternoon's price is $25.85 per ounce higher than yesterday's price. Converted using the current exchange rate at Vietcombank, the world gold price is approximately VND 70.474 million per tael (excluding taxes and fees). Therefore, the price of SJC gold bars is still VND 4.506 million per tael higher than the international gold price.

Gold price fluctuation chart over the past 24 hours

Spot gold prices stood at $2,325.62 per ounce, up more than $25 per ounce from the same time yesterday. The price of gold unexpectedly surged after a statement from a US Federal Reserve (FED) leader caused the US dollar to appreciate, significantly weakening gold.

Accordingly, Michelle Bowman, a member of the Federal Reserve's Board of Governors, stated that keeping interest rates unchanged for an extended period could be sufficient to control inflation, and that the Fed might even raise interest rates further if inflation continues to rise.

Meanwhile, market strategist Phillip Streible of Blue Line Futures believes that gold is being boosted by the latest data showing a weakening US economy.

Accordingly, the latest data shows that business spending on equipment decreased in May, while a decline in exports pushed the merchandise trade deficit higher. In its estimates of gross domestic product from January to March, the government confirmed that economic growth slowed sharply in the first quarter.

Gold price forecast

Although the gold market appears to be in a state of disarray, experts remain optimistic about the future of this precious metal.

Joy Yang, Head of Product Management and Marketing at MarketVector Indexes, believes that gold has established a solid bottom at $2,000 per ounce and has gained $200 in the past seven months. She believes the price is unlikely to fall below $2,200 per ounce and that the precious metal could reach $2,400 per ounce in the next few months.

The market is awaiting the Consumer Price Index (CPE) report. This is considered one of the most important inflation reports that could impact the Fed's monetary policy, as it is the Fed's preferred measure of inflation and will create significant market volatility.

Source: https://congthuong.vn/gia-vang-chieu-nay-2862024-vang-nhan-cung-vang-the-gioi-bat-tang-manh-tro-lai-328782.html