Calculated today, the domestic gold market recorded a sharp decrease. Today (June 8), domestic gold bars decreased by 7.4 and 6.4 million VND/tael respectively in the buying - selling direction. Compared to the same time last month, domestic gold bar prices decreased by 23.7 million VND/tael in the selling direction and decreased by 25.7 million VND/tael in the buying direction.
In the afternoon trading session at a gold and silver business store on Cau Giay street (Hanoi), the trading atmosphere was bustling. However, the transaction still took place smoothly and stably. According to information released from the store, the amount of plain round gold rings bought and sold today is based on the actual amount of goods and the direct return of gold is from 0.5 chi.
Waiting for his turn to trade this afternoon in cash, Mr. Vu Minh (Ha Dong ward, Hanoi) - shared: "Compared to this morning, gold prices in the afternoon decreased more sharply. I have been monitoring, the market in the past month has often adjusted further in the early afternoon. I came to buy an extra 1 chi of plain round gold rings, although the number of people coming in and out is quite large, there are both buyers and sellers".
Meanwhile, Nguyen My Linh (Lang ward, Hanoi) - a buyer - said: "I just went to work, I only accumulated a little, waiting for the time when the price is low to buy. Today, I only bought about 0.5 taels of plain round gold rings, transacted directly in cash. Without waiting, I can go straight to the buying area and receive gold immediately".
Besides the number of people buying, most customers come to stores today to sell according to demand. Mr. Hoang Nam (Cau Giay ward, Hanoi) came to the store to sell - sharing: "When I arrived, the number of people waiting for sale had reached 100 people, I don't know if it was the number from the morning waiting or from the beginning of the afternoon. I sold about 5 taels of plain round gold rings, following for about 1 week now the price has been trending down sharply, so I take advantage of selling when the price is still good".
Sharing the same feeling, Ms. Le Thu Linh (Phu Dien ward, Hanoi) - serial number 186 waiting to sell 186 - said: "I bought in August 2025, when the price of gold rings had peaked at about 123.2-124.4 million VND/tael (buying - selling), but now gold has decreased to only 138.8 million VND/tael on the buying side. I went to sell before even losing money.
According to reporters' records, gold shops are still bustling until late afternoon. However, contrary to the scene of customers flocking to buy before, the number of people bringing gold to sell has increased significantly.
Gold price update
As of 5:00 PM on June 8, SJC gold bar prices were listed at the mark of 138.8 - 143.8 million VND/tael (buying - selling), down 7.4 million VND/tael on the buying side and 6.4 million VND/tael on the selling side respectively compared to the previous closing session.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 138.8 - 143.8 million VND/tael (buying - selling), recording the deepest decrease of 7.4 million VND/tael on the buying side.
At the same time as the survey, SJC plain round gold ring prices tended to decrease, listed at the threshold of 138.6 - 143.6 million VND/tael (buying - selling).
Meanwhile, Bao Tin Minh Chau listed the price of gold rings equal to the price of brand gold bars, currently at the threshold of 138.8 - 143.8 million VND/tael (buying - selling).
On the world market, as of 5:15 PM on June 8 (Vietnam time), world gold prices had a downward adjustment, listed around the threshold of 4, 293.9 USD/ounce, down 33.8 USD.
