Gold price today 6.5: Domestic gold increased to 3 million VND/tael

Phan Anh |

Gold price today 6.5: World gold increased sharply. Domestic gold rings and gold bars were simultaneously adjusted to increase.

Updated SJC gold price

As of 9:05, the price of SJC gold bars was listed by Saigon Jewelry Company at VND 120.8-122.8 million/tael (buy - sell), an increase of VND 3 million/tael for both buying and selling. The difference between buying and selling prices is at 2 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 120.8-122.8 million VND/tael (buy - sell), an increase of 3 million VND/tael for both buying and selling. The difference between buying and selling prices is at 2 million VND/tael.

Dien bien gia vang mieng SJC nhung phien giao dich gan day. Bieu do: Phan Anh
SJC gold bar price movements in recent trading sessions. Chart: Phan Anh

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 120.8-122.8 million VND/tael (buy - sell), an increase of 3 million VND/tael for both buying and selling. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at VND 119.8-122.8 million/tael (buy in - sell out), an increase of VND 3 million/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

9999 round gold ring price

As of 9:00 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND 115.5-118 million/tael (buy in - sell out), an increase of VND 3 million/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell), an increase of 1.5 million VND/tael for both buying and selling. The difference between buying and selling is 3 million VND/tael.

Dien bien gia vang nhan tron nhung phien giao dich gan day. Bieu do: Phan Anh
The price of plain gold rings in recent trading sessions. Chart: Phan Anh

Phu Quy Gold and Stone Group listed the price of gold rings at 115-118 million VND/tael (buy - sell), an increase of 2 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.

In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

At 9:08, the world gold price listed on Kitco was around 3,378.7 USD/ounce, up shockingly by 113.1 USD.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
World gold price developments in recent trading sessions. Chart: Phan Anh

Gold price forecast

According to Kitco, gold prices recovered strongly, erasing all of last week's declines as investors prepare to welcome the interest rate decision from the US Federal Reserve (FED).

Caution is everywhere as the monetary policy meeting takes place on Wednesday. According to CME's FedWatch tool, there is a 95.6% chance that the Fed will keep interest rates unchanged in the range of 4.25%-4.50%, while the possibility of interest rate cuts is only 4.4%.

Notably, US President Donald Trump's recent statement on the proposal to impose a 100% tax on imported films has raised concerns about the risk of escalating global trade tensions. In the context of increased geopolitical and economic risks, gold continues to be considered a safe haven.

However, the Fed is currently facing double pressure: on the one hand, expectations of interest rate cuts from Mr. Donald Trump and investors, on the other hand, concerns about inflation returning due to new tax policies themselves. This has put the monetary policy agency in a difficult situation.

Saxo Bank commented: "Gold prices are being supported around $3,200/ounce before the Fed announces its policy. Despite a nearly 25% increase this year, gold has recently shown signs of losing momentum as large hedge funds have reduced their net buying position to a 1-year low.

In addition, the non-farm payrolls report released last weekend continued to show the strength of the US labor market, further strengthening the possibility of the Fed keeping current interest rates unchanged.

In the rest of the week, gold prices will reflect market sentiment in the face of inflation expectations, interest rate orientations and the prospect of global economic stability.

Note: Gold price data is compared to a day earlier.

See more news related to gold prices HERE...

Phan Anh
TIN LIÊN QUAN

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Phan Anh |

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