At the beginning of the week, the price of SJC gold bars decreased slightly.

(HNMO) - On the first day of the week, June 19, domestic gold prices decreased by 50,000 VND/tael in the selling direction in the context of the world's precious metal prices going down.

Gold bar price decreased, gold ring price increased.

At 10:00 a.m., Saigon Jewelry Company listed the price of SJC gold bars at VND66.45 million/tael (buy) - VND67.05 million/tael (sell), down VND50,000/tael each way compared to the end of last week.

Phu Nhuan Jewelry Joint Stock Company reduced the price by VND100,000/tael (buying price) and VND50,000/tael (selling price), to VND66.5 million/tael (buying price) - VND67.1 million/tael (selling price).

In the same trend, Doji Gold and Gemstone Group set the price at 66.5 million VND/tael (buy) - 67 million VND/tael (sell), 50,000 VND/tael lower than last weekend. Vietnam Joint Stock Commercial Bank for Foreign Trade of Vietnam reduced the price by 50,000 VND/tael each way, to 66.5 million VND/tael (buy) - 66.9 million VND/tael (sell). The difference between buying and selling prices is generally at 400,000 - 600,000 VND/tael.

While the price of gold bars decreased, the price of gold rings increased. Saigon Jewelry Company Limited set the price of gold rings of type 1-5 at only 55.7 million VND/tael (buy) - 56.65 million VND/tael (sell), an increase of 100,000 VND/tael each way.

Phu Nhuan Jewelry Joint Stock Company also increased by VND100,000/tael each way, listed at VND55.7 million/tael (buy) - VND56.7 million/tael (sell).

On the international market, also at the same time, the gold price decreased by more than 3 USD/ounce, trading at 1,954.8 USD/ounce, converted to about 11 million VND/tael lower than the domestic gold price.

Two Kitco surveys for gold this week showed a majority of bullish forecasts. Of the 24 experts surveyed, 10 predicted higher prices, five predicted lower prices, and nine predicted flat prices.

An online survey of 487 people showed that 52% expected prices to rise, 26% expected prices to fall, and the rest expected prices to remain flat.

Source