Domestic gold price today
SJC gold bar price decreased by 300 thousand VND/tael. DOJI , SJC, PNJ, Bao Tin Minh Chau brands simultaneously listed gold bar price at 117.7 - 119.7 million VND/tael (buy - sell), decreased by 300 thousand VND/tael in both directions.
Phu Quy SJC is buying 500 thousand VND/tael lower at 117.2 million VND/tael (unchanged compared to early this morning) and selling 119.7 million VND/tael (down 300 thousand VND/tael).
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The price of SJC gold bars and gold rings both decreased. Photo: vneconomy.vn |
Similar to gold bars, the price of gold rings also decreased today. Specifically, SJC listed the price of gold rings at 113.4 - 115.9 million VND/tael (buy - sell), down 400 thousand VND/tael in both directions.
DOJI traded gold rings at 114.5 - 116.5 million VND/tael (buy - sell), down 500 thousand VND/tael in both directions.
PNJ listed the price of gold rings at 113.7 - 116.5 million VND/tael (buy - sell), down 500 thousand VND/tael in both directions.
Phu Quy Group reduced 400 thousand VND/tael in both buying and selling, with gold ring trading at 113.4 - 116.4 million VND/tael (buy - sell).
Bao Tin Minh Chau alone stabilized gold ring trading at 114.5 - 117.5 million VND/tael (buy - sell).
Domestic gold bar prices updated at 5:30 a.m. June 28 as follows:
Yellow | Area | Early morning 27-6 | Early morning 28-6 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 118 | 120 | 117.7 | 119.7 | -300 | -300 | ||||
Ho Chi Minh City | 118 | 120 | 117.7 | 119.7 | -300 | -300 | ||||
SJC | Ho Chi Minh City | 118 | 120 | 117.7 | 119.7 | -300 | -300 | |||
Hanoi | 118 | 120 | 117.7 | 119.7 | -300 | -300 | ||||
Danang | 118 | 120 | 117.7 | 119.7 | -300 | -300 | ||||
PNJ | Ho Chi Minh City | 118 | 120 | 117.7 | 119.7 | -300 | -300 | |||
Hanoi | 118 | 120 | 117.7 | 119.7 | -300 | -300 | ||||
Bao Tin Minh Chau | Nationwide | 118 | 120 | 117.7 | 119.7 | -300 | -300 | |||
Phu Quy SJC | Nationwide | 117.2 | 120 | 117.2 | 119.7 | - | -300 | |||
World gold price today
In line with the domestic market, the world gold price continued to decline. The spot gold price listed on the Kitco exchange was at 3,274.23 USD/ounce (equivalent to about 103.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees) - down 1.78% in the past 24 hours, equivalent to a decrease of 59.28 USD/ounce.
Thus, the domestic gold price is about 16 million VND/tael higher than the world gold price.
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| World gold prices continue to fall. Photo: Finbold |
The weakening of world gold prices occurred in the context of easing tensions in the Middle East. Investors limited their demand for capital shelters, reducing the attractiveness of gold.
Meanwhile, US stocks continued to be in the spotlight as they recorded impressive gains. This growth reflected investor optimism, partly bolstered by the ceasefire between Israel and Iran. When stock prices rise sharply, demand for safe-haven assets such as gold often falls, putting pressure on the price of this precious metal.
According to WisdomTree expert Nitesh Shah, gold prices have increased sharply in the past and now the market is adjusting back to a more reasonable level after that hot period.
Some Fed experts, such as Neel Kashkari and Thomas Barkin, believe that new tariffs could lead to higher inflation in the coming months. However, if interest rates remain high, gold will become less attractive because it does not pay interest like other assets, such as bonds.
Gold continues to act as a safe haven asset amid heightened uncertainty, especially as many investors seek to preserve the value of their assets against unpredictable political variables. However, the existence of a ceasefire agreement between Israel and Iran has somewhat reduced the need for geopolitical protection, limiting the rise in gold prices.
In the coming time, gold price movements are expected to depend mainly on expectations of policy adjustments from the Fed and fluctuations in the USD, rather than short-term geopolitical factors.
KHANH MINH
* Please visit the Economics section to see related news and articles.
Source: https://baodaknong.vn/gia-vang-hom-nay-28-6-vang-mieng-sjc-va-vang-nhan-dong-loat-giam-gia-257167.html
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