At the end of the trading session on June 17, the price of SJC gold bars was listed by large enterprises at 117.6-119.6 million VND/tael (buy - sell), unchanged from the previous session. At the beginning of the week, there was a time when the selling price of gold bars reached 120.5 million VND/tael.
The price of plain gold rings is listed at 113.7-116.2 million VND/tael (buy - sell), down 200,000 VND in both buying and selling.
On the international market, the world gold price is around 3,387 USD/ounce, down 11 USD compared to before. According to the exchange rate excluding tax and fees, the precious metal is equivalent to 107.1 million VND/tael.
Domestic and world gold prices both decreased (Photo: Thanh Dong).
The world gold price continues to fluctuate below the threshold of 3,400 USD/ounce, in the context of Middle East tensions still being controlled at the regional level. Although geopolitical risks still exist, experts say the market is increasingly focusing on macroeconomic factors rather than reacting to short-term fluctuations.
Many portfolio managers believe that gold is firmly on a long-term uptrend. In terms of the US dollar, the price of gold has increased by nearly 30% since the beginning of the year, while the US Congress is still struggling with a new spending bill, including a plan to cut taxes and increase the national debt by nearly $4,000 billion.
Despite the global economic turmoil, the share of gold in total global investment assets currently accounts for only about 1%. According to experts, this number will increase, as investors increasingly seek gold as a safe haven to preserve asset value in an environment of high inflation and public debt.
Central exchange rate approaches 25,000 VND/USD
USD-Index - a measure of the greenback's fluctuations against six major currencies - increased 0.03% compared to yesterday, down to 98.85 points.
In the foreign exchange market, the central exchange rate is currently listed by the State Bank at 24,998 VND/USD, up 5 VND. With a 5% margin compared to the central exchange rate, the ceiling rate applied is 26,247 VND/USD and the floor rate is 23,749 VND/USD.
The USD exchange rate listed by major banks is 25,857-26,247 VND (buying - selling), up 5 VND in both directions compared to the previous day. Meanwhile, at joint stock banks, the corresponding exchange rate for both buying and selling is 25,860-26,247 VND, up 10 VND in buying and up 5 VND in selling.
On the free market, the USD price was traded at 26,220-26,320 VND (buy - sell), unchanged from before.
Source: https://dantri.com.vn/kinh-doanh/gia-vang-mieng-giam-ve-1196-trieu-dongluong-20250618071422955.htm
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