Gold rings all decreased

SJC gold bar price

Saigon Jewelry Company SJC listed the price of SJC gold at 74.98-76.98 million VND/tael (buy - sell). Thus, compared to yesterday's closing price, the price of SJC gold remained unchanged.

Domestic gold bar prices continue to remain stable. SJC gold bar prices sold by four state-owned commercial banks, including Agribank , BIDV, Vietcombank and VietinBank, continue to maintain the same price of VND76.98 million/tael.

9999 gold ring price

Meanwhile, the price of gold rings was adjusted down slightly. Specifically, the price of SJC 9999 gold rings was adjusted down by VND100,000 in both directions compared to the previous session, down to VND73.85 million/tael for buying and VND75.45 million/tael for selling, respectively.

Similarly, the price of Bao Tin Minh Chau's plain round gold ring was also adjusted down by 100,000 VND for both buying and selling, down to 74.56 million VND/tael for buying and 75.86 million VND/tael for selling, respectively.

Mi Hong Company's 999 gold ring is listed at 73.85 - 75.15 million VND/tael for buying and selling, down 100,000 VND in both directions.

Gold Price Forecast

Recorded at 10:00 a.m. on June 27, the world gold price turned down with spot gold falling 21.7 USD to 2,298.8 USD/ounce. The US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, increased 0.45% to 106.05.

A sharp rise in the US Dollar Index dented gold’s appeal to buyers holding other currencies, sending the metal down 1% to its lowest in nearly two weeks, while investors awaited a report on the Federal Reserve’s preferred inflation gauge for fresh clues on the central bank’s outlook for interest rate cuts.

FXTM Senior Research Analyst Lukman Otunuga said that the gold market witnessed red due to pressure from tough comments from Fed officials in the previous session along with the recovery of the USD.

Fed Governor Michelle Bowman reiterated earlier this week that keeping policy rates on hold “for some time” would likely be enough to keep inflation in check. She also highlighted the possibility of raising rates if needed.

Otunuga expects gold prices to be volatile for the rest of the week. The first presidential debate between President Joe Biden and former President Donald Trump and the PCE report could add to the volatility of the precious metal. In the short term, the precious metal's support level is $2,300/ounce and resistance level is $2,340/ounce.

Source: https://laodong.vn/tien-te-dau-tu/gia-vang-hom-nay-276-vang-nhan-dong-loat-giam-1358267.ldo