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Gold prices continue to fall, is precious metal no longer attractive?

(NLDO) – The sharp drop in world gold prices at the weekend pushed the prices of SJC gold bars and 99.99 gold rings down as well.

Người Lao ĐộngNgười Lao Động28/06/2025

On the morning of June 28, the price of SJC gold bars was listed by gold companies such as SJC, PNJ, DOJI , and Bao Tin Minh Chau at 117.2 million VND/tael for buying and 119.2 million VND/tael for selling, down 500,000 VND per tael compared to the end of yesterday.

Similarly, the price of gold rings also decreased by 400,000 VND per tael, down to 113.2 million VND/tael for buying and 115.8 million VND/tael for selling.

Domestic gold prices fell for the second consecutive day, following the downward trend of world prices. On the international market, this morning, Vietnam time, today's gold price was at 3,274 USD/ounce, down about 40 USD compared to the previous day and down to the lowest level in the past month.

Giá vàng miếng SJC, vàng nhẫn đồng loạt giảm - Ảnh 1.

SJC gold bar price decreased for 2 consecutive days

The price of the precious metal has also officially lost the important milestone of 3,300 USD/ounce. According to analysts, the strong recovery of US stocks has made gold less attractive, especially in the context of the easing of tensions in the Middle East.

Money flows into riskier assets such as stocks, causing not only gold but also the USD index to continue to stay low at around 97.2 points.

Analysts say geopolitical risks, which used to be a major driver of gold prices, have now cooled down, making it difficult for gold prices to rebound in the near future.

Currently, the world gold price converted according to the listed exchange rate is about 103.7 million VND/tael, lower than the price of SJC gold rings and gold bars from 11 to 15 million VND per tael.


Source: https://nld.com.vn/vang-lien-tuc-giam-gia-kim-loai-quy-da-het-hap-dan-19625062809012128.htm


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