On June 25, gold price decreased by 200,000 VND/tael.

(GLO)- After a series of stable days, on the morning of June 25, the domestic gold price decreased slightly by 200,000 VND/tael in both buying and selling directions. Meanwhile, the world gold price continued to decrease sharply, 14 million VND/tael lower than the domestic gold price.

Specifically, businesses such as SJC, Bao Tin Minh Chau, DOJI all listed gold bars at a decrease of VND200,000/tael in both buying and selling directions. After the decrease, the price of gold bars is at VND117.5-119.5 million/tael, still maintaining a difference of VND2 million.

Gold price on June 25 decreased slightly by 200,000 VND/tael. Photo: PV

Mi Hong alone has a higher listing price than other businesses in terms of buying price of 118 million VND, the buying-selling difference is 700,000 VND.

Similarly, the price of gold rings also decreased by about 200,000 VND per tael, SJC Company bought for 113.5 million VND, sold for 116.1 million VND; DOJI bought for 114 million VND, sold for 116 million VND; PNJ kept the price of gold rings at 113.7-116.5 million VND/tael; Bao Tin Minh Chau remained the same compared to yesterday, with the price of 114.5-117.5 million VND/tael.

The world gold price today decreased by 66.88 USD/Ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,310 VND/USD), the world gold price is about 109.5 million VND/tael (excluding taxes and fees).

The main reason for the plunge in global gold prices is the stabilization of the geopolitical situation after the ceasefire between Iran and Israel took effect. As tensions eased, the demand for gold - considered a safe haven asset - decreased significantly. At the same time, strong global stock market growth and sharp decline in oil prices also put pressure on the precious metal market.

Graphics: PV

Meanwhile, investors are focusing on the speech of the Chairman of the US Federal Reserve (Fed) before Congress. Opinions on interest rate policy are dividing the market, with expectations that the Fed will maintain a cautious stance instead of easing aggressively. This could continue to negatively impact gold prices in the short term.

Source: https://baogialai.com.vn/ngay-25-6-gia-vang-giam-200000-dongluong-post329681.html