Infographic: Domestic gold prices fall sharply on June 2
Global gold prices rebounded on June 2, trading at 4,508.8 USD per ounce. In the domestic market, the price of SJC gold bars fell by 1 million VND per tael, to 157.5 million VND per tael.
#SJC gold prices
Global gold prices rebounded on June 2, trading at 4,508.8 USD per ounce. In the domestic market, the price of SJC gold bars fell by 1 million VND per tael, to 157.5 million VND per tael.
Global gold prices continued to decline on May 18, trading at 4,537.2 USD/ounce. In the domestic market, gold prices of most brands remained unchanged, except for Manh Hai Gold, which fell by 1 million VND/tael.
Global gold prices on May 8 continued to rise, trading at 4,718.3 USD per ounce as crude oil prices declined, the US dollar weakened and Treasury bond yields fell. Domestically, SJC gold prices were sold at 167.5 million VNDper tael, unchanged compared with yesterday’s closing session.
Global gold prices rose sharply on May 7 as positive diplomatic prospects between the US and Iran weakened the US dollar and oil prices, with gold trading at 4,738.4 USD per ounce. In the domestic market, SJC gold bar and SJC gold ring prices both increased by an additional 1.5 million VND per tael, reaching VND 167.5 million per tael and VND 167 million per tael, respectively.
Global gold prices on April 28 reversed sharply downward, trading at 4,629.8 USD per ounce. Domestically, SJC gold bar and gold ring prices declined in line with global prices, listed at 167.5 million VND per tael and 167 million VND per tael, respectively.
Global gold prices on April 22 fell to around 4,760.9 USD per ounce. Domestically, SJC gold bar prices declined for the third consecutive session, with selling prices at 170 million VND per tael.
Global gold prices on April 18 rebounded sharply, trading at 4,834 USD/ounce. Domestically, SJC gold bars and gold rings simultaneously reversed course, rising by 1 million VND per tael, and were listed at 172 million VND/tael and 171.5 million VND/tael, respectively.
Global gold prices on April 13 fell sharply to 4,724.2 USD/ounce following the collapse of ceasefire negotiations between the U.S and Iran. Domestically, gold prices across major brands also declined in line with global trends; SJC gold bars were sold at 171.5 million VND/tael.
Global gold prices on April 10 fluctuated within a narrow range, slipping slightly to 4,749 USD per ounce. Meanwhile, domestic gold prices rebounded following a sharp decline in the previous session, with SJC gold bars sold at 172.7 million VND per tael.
Global gold prices on April 8 rose strongly, surpassing the resistance level of 4,796.1 USD/ounce. Domestically, gold prices also increased significantly in line with global trends; SJC gold bars were sold at 175 million VND per tael, up by 3 million VND compared to the close of the previous weekend.
Global gold prices cooled down on April 7 amid escalating geopolitical tensions in the Middle East, which led to a sharp rise in oil prices, trading at 4,651 USD per ounce. Domestically, SJC gold bar and ring prices both declined by more than 500,000 VND per tael, listed at 172.5 million VND per tael and 172 million VND per tael, respectively.
Global gold prices posted a second straight week of gains following a sharp decline, closing the week at 4,676 USD per ounce. Most analysts expect prices to move sideways, while retail investors remain optimistic about the precious metal’s short-term outlook. Meanwhile, SJC gold bars ended the week at 174.5 million VND per tael.
Global gold prices on April 3 fell to USD 4,676.1 per ounce but continued their weekly upward trend, recording a 3% increase and remaining above the USD 4,600 per ounce mark. Meanwhile, domestic gold prices rose across the board, with the selling price reaching VND 174.5 million per tael.
Global gold prices on April 1 continued their upward momentum, trading at around 4,693 USD per ounce. Meanwhile, domestic bullion and gold ring prices also rose in line with global trends, with selling prices reaching 176.7 million VND per tael. At present, domestic gold prices are approximately more than 28 million VND per tael higher than global levels (excluding taxes and fees).
World gold prices on March 24 rebounded after a period of steep decline, trading at 4,407.2 USD/ounce. In the domestic market, SJC gold bars and SJC gold rings simultaneously increased in line with global prices, listed at 167.2 million VND/tael and 170.2 million VND/tael, respectively.
World gold prices on March 19 continued to fall sharply, trading at 4,710.5 USD/ounce. Domestically, SJC gold bars and gold rings also dropped significantly in line with global prices, listed at 172.5 million VND/tael and 175.5 million VND/tael respectively.
Vietnam gold prices rose slightly on March 16 while global rates remained mostly flat. Saigon Jewelry Company gold bar went up 0.27% to 183.1 million VND per tael. Gold ring price inched up 0.27% to 182.8 million VND per tael.
World gold prices on March 14 continued to decline amid a stronger US dollar and rising inflation concerns, trading at 5,021.2 USD/ounce. In the domestic market, SJC gold bars and gold rings fell simultaneously in line with global prices, listed at 179.6 million VND/tael and 182.6 million VND/tael, respectively.
Global gold prices on March 9 fell sharply to 5,086 USD per ounce amid a strengthening US dollar, a surge in crude oil prices and a global stock market sell-off triggered by tensions in the Middle East. Domestically, the prices of gold bars and gold rings declined in line with the global trend, with the selling price standing at 183.1 million VND per tael.
World gold prices continued their upward trend on March 3 as demand for safe-haven assets increased amid escalating geopolitical tensions, trading at 5,372.1 USD per ounce. Domestically, SJC gold bar and ring prices reversed course and fell after a sharp increase, listed at 188.2 million VND per tael and 187.9 million VND per tael respectively.