Gold price on June 7: Gold bars and gold rings simultaneously "evaporated" millions of VND per tael

In today's trading session, gold price Domestic and international brands all decreased deeply.

Specifically, at 10:30 a.m. on June 7, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at VND114.9-117.2 million/tael, down VND1.1 million per tael for buying and VND800,000 per tael for selling compared to the previous session. The difference between buying and selling was VND2.3 million.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:30 a.m. on June 7.

The price of SJC 9999 gold ring is 111.2 million VND/tael for buying and 113.5 million VND/tael for selling, down 800 thousand VND/tael for both buying and selling.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 114.9 million VND/tael and sold at 117.2 million VND/tael, down 500 thousand VND per tael in both directions (buying-selling) compared to the previous session's close.

This brand lists prices gold ring Doji Hung Thinh Vuong 9999 remained unchanged in both buying and selling prices compared to yesterday's closing price, trading at 112.5-114.5 million VND/tael, respectively.

PNJ Gold listed the buying price at 111 million VND/tael and the selling price at 113.6 million VND/tael, down 1 million VND per tael for buying and 800 thousand VND per tael for selling compared to the previous session.

As of 10:30 a.m. on June 7 (Vietnam time), the world gold price decreased by 42.71 USD/ounce compared to the previous session's close to 3,308.69 USD/ounce.

World gold price chart on June 7. (Photo: kitco.com)

World gold prices today fell sharply compared to the previous session after the US announced the May employment report showing that the world's number 1 economy remains stable.

Specifically, the US labor market added 139,000 non-agricultural jobs in May, much higher than the forecast of 125,000 jobs.

Improved US employment data has helped US stocks rise sharply, prompting investors to pour capital into stocks, contributing to a drop in gold prices today.

In addition, information that the US and China are preparing to resume trade negotiations to find ways to cool down tariff tensions amid increasing global economic uncertainty is also a factor supporting gold prices.

Commodity market analysts say the gold market is currently “lacking direction” and that gold prices will continue to move sideways around the high zone while waiting for clearer signals from the US tariff policy.

Today, the USD-Index increased to 99.19 points; the yield on 10-year US Treasury bonds increased to 4.505%; US stocks increased sharply; world oil prices increased, trading at 66.47 USD/barrel for Brent oil and 64.58 USD/barrel for WTI oil.

Source: https://baoquangninh.vn/gia-vang-ngay-7-6-vang-mieng-vang-nhan-dong-loat-boc-hoi-ca-trieu-dong-moi-luong-3361585.html