Domestic gold price today
Domestic gold price today increased by half a million VND per tael, returning to the 120 million VND/tael mark.
The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau simultaneously listed the price of gold bars at 118 - 120 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions.
Phu Quy SJC's buying price is 800,000 VND/tael lower than other gold brands, listed at 117.2 million VND/tael for buying (up 400,000 VND/tael) and 120 million VND/tael for selling (up 500,000 VND/tael).
Domestic gold bar prices updated at 5:00 a.m. June 27 as follows:
Yellow | Area | Early morning 26-6 | Early morning 27-6 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 117.5 | 119.5 | 118 | 120 | +500 | +500 | |
Ho Chi Minh City | 117.5 | 119.5 | 118 | 120 | +500 | +500 | |
SJC | Ho Chi Minh City | 117.5 | 119.5 | 118 | 120 | +500 | +500 |
Hanoi | 117.5 | 119.5 | 118 | 120 | +500 | +500 | |
Danang | 117.5 | 119.5 | 118 | 120 | +500 | +500 | |
PNJ | Ho Chi Minh City | 117.5 | 119.5 | 118 | 120 | +500 | +500 |
Hanoi | 117.5 | 119.5 | 118 | 120 | +500 | +500 | |
Bao Tin Minh Chau | Nationwide | 117.5 | 119.5 | 118 | 120 | +500 | +500 |
Phu Quy SJC | Nationwide | 116.8 | 119.5 | 117.2 | 120 | +400 | +500 |
Similar to gold bars, the price of gold rings at most brands also increased by 300,000 - 700,000 VND/tael compared to early yesterday morning.
Specifically, SJC listed the price of gold rings at 113.8 - 116.3 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both directions.
DOJI increased the price of gold rings by 500,000 VND/tael for both buying and selling, listed at 115 - 117 million VND/tael respectively.
PNJ listed the price of gold rings at 114.2 - 117 million VND/tael (an increase of 600,000 VND/tael for buying and 700,000 VND/tael for selling).
Phu Quy traded gold rings at 113.8 - 116.8 million VND/tael (buy - sell), up 500,000 VND/tael in both directions.
Only Bao Tin Minh Chau brand gold rings remained unchanged compared to yesterday, listed at 114.5 - 117.5 million VND/tael (buy - sell).
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Domestic gold prices today increased by half a million VND per tael, returning to the 120 million VND/tael mark. Illustration photo: vnbusiness.vn |
World gold price today
In the world gold market, the spot gold price today decreased slightly by about 8 USD/ounce compared to early yesterday morning, listed at 3,326 USD/ounce (equivalent to 105.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).
Thus, world gold price is about 14.3 million VND/tael lower than domestic gold price.
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| The world gold price is about 14.3 million VND/tael lower than the domestic gold price. Illustration photo: Shutterstock |
Despite a slight decrease, the world gold price was almost flat in the context of the USD weakening to its lowest level since March 2022 and increasing instability after information that US President Donald Trump is considering replacing the position of Chairman of the US Federal Reserve (FED) Jerome Powell, possibly as early as September or October. These speculations have raised concerns about the FED's independence in conducting monetary policy, a key factor in maintaining confidence in the financial market. In that context, investors tend to seek gold as a safe haven.
Meanwhile, the Iran-Israel ceasefire agreement has reduced the attractiveness of this precious metal.
In the coming weeks, gold price movements are likely to be driven primarily by Fed policy expectations and fluctuations in the strength of the US dollar, rather than geopolitical events.
The focus now is on a series of hearings by Fed Chairman Jerome Powell before the US Congress. After the hearing in the House of Representatives, attention continues to focus on the working session with the Senate Banking Committee. According to the CME Group's FedWatch tool, the market is currently assessing a 24.8% probability that the Fed will cut interest rates at its July meeting - a notable but still modest number.
Chairman Powell has taken a cautious stance, insisting that the Fed needs to fully consider the economic impact of proposed import tariffs before making a decision to cut interest rates. This stance has created tension with the administration of US President Donald Trump - who wants the Fed to act more aggressively to support growth.
MR. PHUONG
* Please visit the Economics section to see related news and articles.
Source: https://baodaknong.vn/gia-vang-hom-nay-27-6-bat-tang-tro-lai-moc-120-trieu-dong-luong-256852.html
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