Gold price today (July 6): Domestic gold bars remain close to the 121 million VND/tael mark. World gold prices fluctuate within a narrow range, reflecting the lack of strong momentum to escape the accumulation phase.
Domestic gold price today
SJC gold bar price today remains flat at many major brands in the market.
The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau simultaneously listed the price of gold bars at 118.9 - 120.9 million VND/tael (buy - sell), stable compared to yesterday.
Phu Quy SJC is buying 700 thousand VND/tael lower at 118.2 million VND/tael and selling 120.9 million VND/tael, unchanged in both directions.
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Gold bar price today is close to 121 million VND/tael. Photo: 24h.com.vn |
In the same direction as gold bars, the price of gold rings is also stable compared to yesterday.
specifically, SJC listed the price of gold rings at 114.3 - 116.8 million VND/tael (buy - sell), unchanged from yesterday.
DOJI traded gold rings at 115.5 - 117.5 million VND/tael (buy - sell), stable in both directions.
PNJ keeps the price of gold rings at 114.8 - 117.4 million VND/tael (buy - sell).
Phu Quy Group continues to list the price of gold rings at 114.3 - 117.3 million VND/tael (buy - sell).
Bao Tin Minh Chau also did not change the price of gold rings at 114.5 - 117.5 million VND/tael (buy - sell).
Domestic gold bar prices updated at 5am on July 6 as follows:
Yellow | Area | Early morning 5-7 | Early morning 6-7 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 118.9 | 120.9 | 118.9 | 120.9 | - | - | ||||
Ho Chi Minh City | 118.9 | 120.9 | 118.9 | 120.9 | - | - | ||||
SJC | Ho Chi Minh City | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |||
Hanoi | 118.9 | 120.9 | 118.9 | 120.9 | - | - | ||||
Danang | 118.9 | 120.9 | 118.9 | 120.9 | - | - | ||||
PNJ | Ho Chi Minh City | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |||
Hanoi | 118.9 | 120.9 | 118.9 | 120.9 | - | - | ||||
Minh Chau Newspaper | Nationwide | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |||
Phu Quy SJC | Nationwide | 118.2 | 120.9 | 118.2 | 120.9 | - | - | |||
World gold price today
The price of spot gold on the world market increased by 0.1% in the past 24 hours, equivalent to an increase of 3.28 USD/ounce, currently trading at 3,336.74 USD/ounce.
With the domestic gold bar price stable and the world gold price listed at Kitco at 3,336.74 USD/ounce (equivalent to about 106 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the domestic gold price is about 14.9 million VND/tael higher than the world gold price.
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| World gold prices today fluctuate within a narrow range. Photo: WGC |
A slew of strong economic data was not enough to curb gold's rally this week, as geopolitical risks and debt concerns combined to push the precious metal higher despite a return to risk appetite.
The weekly Kitco News gold survey shows that industry experts remain divided on the short-term outlook for gold, while retail investors remain bullish.
"Gold will rise. The dollar initially rallied after the non-farm payrolls data, then quickly reversed course. That reflects the persistent dollar selling that dominates the first half of the year. As that trend continues, gold will benefit," said Adam Button, head of currency strategy at Forexlive.com.
Rich Checkan, President and COO of Asset Strategies International, shares the same view: “Gold prices will rise. The world is gradually realizing the problem of overspending and debt, and the solution is: Gold.”
Adrian Day, chairman of Adrian Day Asset Management, on the other hand, predicts a decline in prices: "There is a possibility that a series of negative factors – including the tariff deal and expectations of a Fed rate cut in July – will converge, amid a slowdown in central banks and Chinese purchases of gold. However, any decline in prices will be shallow and short-lived."
On a neutral note, Darin Newsom, senior analyst at Barchart.com, said that gold will move sideways in the short term, continuing to act as a safe haven asset ahead of events such as the upcoming US tariff deadline.
Similarly, Jim Wyckoff, senior expert at Kitco, also predicted that gold will continue to move sideways and needs a new catalyst to break the current range.
Forecasting for next week, experts say that gold prices may continue to accumulate within a narrow range, unless there is a major economic event that strongly impacts the market.
Khanh Minh
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Source: https://baolamdong.vn/gia-vang-hom-nay-6-7-vang-mieng-giu-gia-sat-moc-121-trieu-dong-luong-381301.html
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