Gold bar price falls back to near 119 million VND/tael

(Dan Tri) - The prices of gold bars and gold rings both fell after a week of trading. In the international market, the price of precious metals also fell more than 3% last week.

At the end of the trading week from June 23 to June 29, SJC gold bar prices were listed by large enterprises at 117.2-119.2 million VND/tael (buy - sell).

Last week, the highest price of SJC gold bars was 118-120 million VND/tael (buy - sell) on June 27. Compared to the peak of the week, both buying and selling prices have decreased by 800,000 VND/tael.

The price of plain round gold rings closed last week at 113.2-115.7 million VND/tael (buy - sell), down 600,000 VND/tael in both buying and selling.

Gold bar price decreased by 800,000 VND/tael after one week (Photo: Manh Quan).

The world gold price this morning (June 20, Vietnam time) was around 3,268 USD/ounce, down 6 USD compared to before and equivalent to 103.5 million VND/tael calculated according to the exchange rate excluding tax and fees.

According to experts, the recent decline in gold prices reflects the usual cautious sentiment during the summer, combined with investors returning to risky assets thanks to positive economic signals and a temporary easing of geopolitical tensions.

This week, of the 17 analysts participating in Kitco's survey, 6 experts, or 35%, said that gold prices will rise, 9 experts, or 53%, predicted that the precious metal will fall, while the remaining 2, or 12%, predicted that gold prices will move sideways.

Meanwhile, of the 231 individual investors who participated in the online survey, 119 people, or 51.5%, expected prices to rise, 63 people (27.2%) predicted prices to fall, while the remaining 49 investors (21.3%) believed prices would fluctuate within a narrow range.

Exchange rate cools down

The USD-Index - a measure of the greenback's performance against six major currencies - fell 0.23% from the previous day to 97.18 points.

In the foreign exchange market, the central exchange rate was listed by the State Bank at 25,048 VND/USD, down 5 VND compared to the previous session. With a 5% amplitude, the ceiling and floor exchange rates are 26,300 VND/USD and 23,795 VND/USD, respectively.

The USD exchange rate listed by major banks is 25,880-26,270 VND (buy - sell), down 20 VND in both buying and selling directions. Meanwhile, at joint stock banks, the corresponding exchange rate for both buying and selling directions is 25,890-26,280 VND (buy - sell).

On the free market, the USD price is traded at 26,370-26,470 VND (buy - sell), unchanged from before.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-mieng-lui-ve-sat-moc-119-trieu-dongluong-20250630065346822.htm