Falling in the opposite direction of the world, the domestic gold price is the lowest in the past 2 months

Domestic gold fell

First session of the week, gold bar price 9999 at SJC Hanoi is 68.95 million VND/tael (buy in) – 69.87 million VND/tael (sold out). SJC Ho Chi Minh City listed at 68.95 million dong/tael (buy in) and 69.85 million dong/tael (sold out). Doji Hanoi listed at 68.95 million dong/tael (buy in) and 69.75 million dong/tael (sold out). In Ho Chi Minh City, Ho Chi Minh City Doji bought SJC gold at 68.95 million VND/tael and sold it at 69.75 million VND/tael.

Domestic gold price continuously decreased in the following sessions. Session 25/5, SJC Hanoi listed buying and selling at 68.5 million dong/tael and 69.42 million dong/tael. The price of gold at Doji Hanoi is 68.60 million VND/tael and 69.40 million VND/tael.

At the end of the session 25/5, the price of 9999 gold of SJC in Hanoi was listed at 68.1 – 69.12 million VND/tael (buy in – sell out). Meanwhile, Doji’s gold price of 9999 in Hanoi was traded at 67.9 million dong/tael (buying in) and 68.8 million dong/tael (sold out).

On May 27, domestic gold increased slightly by 100-300 thousand dong/tael. SJC Hanoi listed at 68.5 million dong/tael and 69.52 million dong/tael. In which, Hanoi Doji traded at 68.4 million VND/tael and 69.35 million VND/tael.

At the end of the week, the price of 9999 gold bars at SJC Hanoi was 68.5 million dong/tael (buy in) – 69.52 million dong/tael (sold out). SJC Ho Chi Minh City listed at 68.5 million dong/tael (buy in) and 69.5 million dong/tael (sold out). Doji Hanoi listed at 68.5 million dong/tael (buy in) and 69.4 million dong/tael (sold out). In Ho Chi Minh City, Ho Chi Minh City Doji bought SJC gold at 68.5 million VND/tael and sold it at 69.45 million VND/tael.

Thus, over the past week, the price of gold has decreased by 400-450 thousand VND/tael.

World gold rose

On the world gold market, spot gold price in the US closed down 3 USD/ounce to 1,850.6 USD/ounce. Gold futures for delivery in June 2022 on the Comex New York exchange increased 1.4 USD to 1,850.6 USD/ounce.

Spot gold prices recorded a 0.4% gain for the whole week. While the price of gold futures delivery increased 0.2%, to 1,851.3 USD/ounce.

World gold converted at the bank’s USD price is priced at 51.9 million dong/tael, excluding taxes and fees, about 17.4 million dong/tael lower than the domestic gold price.

“Many people still see gold as being significantly undervalued and even want to buy it,” said Fawad Razaqzada, market analyst at foreign exchange services firm City Index (UK). more when prices drop.”

Gold is at key support around $1,830 an ounce, and if inflation is lower than expected, gold prices could rebound, said Ilya Spivak, a currency strategist at DailyFX.

However, analysts at ANZ bank (Australia) believe that concerns about global economic growth due to escalating inflation and geopolitical risks will partly support gold prices. These experts predict gold prices will still be supported at $1,850/ounce, with a potential rise to $1,950/ounce.

Told him

Selling all the gold and catching the bottom of Luna, the Hanoi boy lost all his savingsAfter selling a gold tree to catch the bottom of Luna virtual currency, Mr. Tran Van Hau is worried because the money in his account is increasingly evaporating.