The domestic gold price this morning at 9:00 a.m. was listed by Doji Hanoi at: 36.90 million VND/tael (down 10,000 VND for buying) and 37.00 million VND/tael (up 50,000 VND for selling) compared to the previous session.
Bao Tin Minh Chau Jewelry Company listed at: 36.95 million VND/tael (up 270,000 VND for buying) and 37.06 million VND/tael (up 110,000 VND for selling) compared to the session on June 5.
SJC gold price on the free market at 8:20 in Ho Chi Minh City. Ho Chi Minh City is trading around 36.8 - 37.05 million VND/tael. In Hanoi and Da Nang, SJC gold price is trading around 36.8 - 37.07 million VND/tael.
The above markets all adjusted the price to 100,000 VND/tael compared to the closing price of the previous session. The difference between buying and selling is at 250,000 - 270,000 VND/tael, extending to 50,000 VND/tael compared to yesterday's session.
The world gold price as of early morning of June 6 (Vietnam time) was spot at 1,333 USD/ounce.
The price of gold delivered in June 2019 on the New York Comex was at 1,336 USD/ounce.
Gold prices today are 2.3% higher ($30.5/ounce) than in early 2018. World gold converted to USD is priced at 36.9 million VND/tael, excluding taxes and fees, about 200,000 VND lower than domestic gold.
According to experts, gold prices have not stopped increasing, because the global economy continues to decline. The World Monetary Fund (IMF) forecasts that the world's GDP will lose $455 billion this year if tensions continue to escalate. The IMF lowered its growth forecast for China for the two consecutive years 2019 and 2020.
The US - Mexico continue to fail to find a common voice in trade agreements and prevent immigration. The US has imposed a 5% tax on all Mexican goods.
Along with that, tomorrow, British Prime Minister - Theresa Mary May will leave her seat due to resignation. Trump does not know where he will go when he replaces May.
