The domestic gold price today was listed by Doji Jewelry Group at: 48.52 million VND/tael (buy) and 48.72 million VND/tael (sell), an increase of 20,000 VND compared to yesterday.
Saigon Jewelry Company listed the price of SJC gold at 48.52 million VND/tael (buy) and 48.92 million VND/tael (sell) in Hanoi. The price of SJC gold bars in Ho Chi Minh City is listed at 48.9 million VND/tael.
Bao Tin Minh Chau's Rong Thang Long gold brand as of early this morning increased by 100,000 VND/tael for buying and 80,000 VND/tael for selling compared to the end of yesterday, currently standing at 47.78 - 48.36 million VND/tael (buy - sell).
World gold prices closed last week's trading session in the US up 9.7 USD to 1,728.7 USD/ounce. June gold futures on the New York Comex increased by 18.3 USD to 1,731.6 USD/ounce. Gold prices ended May up 3.4%.
Gold prices are recovering due to global geopolitical uncertainties and pressure from the COVID-19 pandemic. US-China tensions have escalated to unprecedented levels after Beijing imposed national security laws on Hong Kong and the US could revoke special treatment for the special zone.
Cameron Alexander, a metal consultant from Refinitiv GMS, said gold is still between two trends. One is the positive economic outlook after many countries eased blockades, and the other is geopolitical tensions related to China and Hong Kong, leading to escalating tensions in US-China relations.
Meanwhile, in the US, many people took to the streets to protest the justice of George Floyd, 46, a black man who was haunted to death by police.
Many people even face armed officers, smashing police cars, patrolling businesses and launching flights at night.