Domestic gold price today
According to a survey at 5am this morning (June 28), the price of SJC gold bars was listed by Saigon Jewelry Company at 117.7-119.7 million VND/tael (buy - sell); down 300,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
DOJI Group listed at 117.7-119.7 million VND/tael (buy - sell); down 300,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.7-119.7 million VND/tael (buy - sell); down 300,000 VND/tael in both directions. The difference between the buy and sell prices is at 2 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at 117.2-119.7 million VND/tael (buy - sell); kept the buying price unchanged and reduced the selling price by 300,000 VND/tael. The difference between buying and selling prices is at 2.5 million VND/tael.
Price of round gold ring 9999
As of 4:30 a.m., DOJI Group listed the price of gold rings at 114.5-116.5 million VND/tael (buy - sell), down 500,000 VND/tael in both directions. The difference between buying and selling is 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell), down 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of gold rings at 113.4-116.4 million VND/tael (buy - sell), down 400,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
World gold price today
At 5:00 a.m. on June 28, Vietnam time, the spot gold price was at $3,270/ounce, down 1.68% from the beginning of the session. The gold futures price for August 2025 delivery on the Comex New York floor was trading at $3,285/ounce.
The geopolitical situation in the Middle East is showing signs of easing, contributing to a better risk appetite in global financial markets. This development is expected to reduce uncertainty and encourage investors to seek riskier assets.
Notably, the Trump administration announced that the United States and China had formally signed a new trade agreement, ending months of tense negotiations. Although details of the agreement have not been made public, the news was warmly received by stock and commodity bulls.
Investors welcomed the confirmation as a positive sign for global supply chains and trade, even if the implementation timeline remains unclear, said David Morrison of Trade Nation.
The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at 97.13 points.
The US dollar index recorded an unprecedented weekly decline, falling to its lowest level since February 2022. This four-day losing streak marked the greenback's longest losing streak since March, creating a significant spillover effect on the precious metals market.
The persistent decline in the US dollar is driven by monetary policy uncertainty and political dynamics that go beyond traditional currency valuation models.
The US Federal Reserve (Fed) decided to keep the benchmark interest rate in the range of 4.25% - 4.5%, maintaining a stable level from December 2024. This decision reflects the Fed's caution in the context of the US economy facing the risk of stagflation and goes completely against President Trump's expectations.
A weaker US dollar typically makes precious metals like gold more attractive to foreign investors, as they are priced in US dollars.
Nymex crude oil futures edged up and traded around $65.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note is currently at 4.27%.
Gold Price Forecast
According to Mr. David Meger, Director of Metal Trading at High Ridge Futures, gold prices have experienced several recent declines, affected by two main factors: the cooling situation in the Middle East and concerns about inflation.
Easing tensions in the Middle East have reduced safe-haven demand for the precious metal, Meger said, adding that markets are betting on the possibility that the Fed will delay its rate cut. Rising inflation expectations, particularly from potential tariffs under President Donald Trump, have added to the downward pressure on gold.
Meanwhile, Soni Kumari, commodity strategist at ANZ Bank, said the market is quite optimistic about risk assets, which is putting pressure on gold prices.
Tensions in the Middle East have eased following a ceasefire agreement and progress in US-China trade negotiations is easing market uncertainty, pushing gold prices further down.
Source: https://baohatinh.vn/gia-vang-hom-nay-286-tiep-tuc-rot-gia-den-khi-nao-post290729.html
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