At the beginning of the week, gold price decreased by 400,000 VND per tael.

On the morning of July 7, domestic gold price decreased by 400,000 VND/tael, down to 120.5 million VND/tael.

At nearly 10am, the company listed the price of SJC gold bars at 118.5 million VND/tael (buy) - 120.5 million VND/tael (sell), down 400,000 VND/tael each way compared to last weekend.

Gold prices fell at the beginning of the week. Photo: HT

At nearly 10am, the company listed the price of SJC gold bars at 118.5 million VND/tael (buy) - 120.5 million VND/tael (sell), down 400,000 VND/tael each way compared to last weekend.

The price of gold rings also went down. Saigon Jewelry Company Limited listed gold rings of type 1-5 at only 113.9 million VND/tael (buy) - 116.4 million VND/tael (sell), 400,000 VND/tael lower than last weekend each way.

Phu Quy Group set the price at 113.9 million VND/tael (buy) - 116.9 million VND/tael (sell) instead of the previous 114.3 million VND/tael (buy) - 117.3 million VND/tael (sell).

Bao Tin Minh Chau Company Limited decreased to 115.2 million VND/tael (buy) - 118.2 million VND/tael (sell).

The buying-selling price range is commonly set by businesses at 2-3 million VND/tael.

Domestic gold prices fell due to the decline in world precious metal prices. At the same time, international gold prices fell by more than 28 USD/ounce, down to 3,307.3 USD/ounce, equivalent to 15.7 million VND/tael lower than domestic gold prices.

According to Kitco's survey of gold prices this week with the participation of 14 experts, 5 people predicted prices to increase, 4 people said prices would decrease, and 5 people thought prices would remain stable.

Meanwhile, a survey of 243 retailers showed that 59% predicted prices would increase, 20% saw prices decreasing, and the rest expected prices to remain stable.

Source: https://hanoimoi.vn/dau-tuan-gia-vang-giam-400-000-dong-moi-luong-708252.html