Specifically, SJC, Mi Hong, DOJI , PNJ, Phu Quy, and Bao Tin Minh Chau simultaneously listed buying and selling prices at 117.2-119.2 million VND/tael, with a difference of 2 million VND.
The price of gold rings of domestic brands has decreased by 200-700 thousand VND/tael, in line with the developments in the world market.
SJC listed the price of gold rings at 113.4-115.9 million VND/tael (buy-sell), down 400 thousand VND/tael in both directions.
PNJ listed the buying price at 113.4-116 million VND/tael, down 300,000 VND/tael for buying and 500,000 VND/tael for selling compared to the previous session.
In line with the domestic market, world gold prices continued to decline. The spot gold price listed on the Kitco exchange was at 3,274.23 USD/ounce (equivalent to about 103.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), down 1.78% in the past 24 hours, equivalent to a decrease of 59.28 USD/ounce.
Thus, the domestic gold price is about 16 million VND/tael higher than the world gold price.
Gold continues to act as a safe haven asset amid heightened uncertainty, especially as many investors seek to preserve the value of their assets against unpredictable political variables. However, the existence of a ceasefire agreement between Israel and Iran has somewhat reduced the need for geopolitical protection, limiting the rise in gold prices.
In the coming time, gold price movements are expected to depend mainly on expectations of policy adjustments from the Fed and fluctuations in the USD, rather than short-term geopolitical factors.
Source: https://baogialai.com.vn/vang-nhan-trong-nuoc-ngay-28-6-giam-200000-700000-dongkg-post330154.html
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