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SJC gold price last week dropped to a record low, buyers suffered heavy losses of up to 8.5 million VND/tael

Báo Công thươngBáo Công thương02/06/2024


Domestic gold price this afternoon June 2, 2024

At the time of survey at 2:00 p.m. on June 2, 2024, the gold price today, June 2, on the trading floors of some companies is as follows:

Note that the SJC gold price listed by the gold house is 81.00 million VND/tael for buying and 83.00 million VND/tael for selling.

This afternoon, DOJI listed the price of 9999 gold at 80.95 million VND/tael for buying and 82.75 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 81.00 - 83.00 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 80.95 - 83.45 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 82.00 - 82.90 million VND/tael (buy - sell).

Gold bar prices fluctuated strongly last week, especially in the last trading sessions of the week, the yellow precious metal continuously fell sharply, recording a very sharp decrease in selling prices, considered the sharpest decrease since the beginning of the year.

Accordingly, at Saigon Jewelry Company, the price was bought at VND81 million/tael and sold at VND83 million. Compared to the beginning of yesterday, each tael of SJC gold bar decreased by VND2 million. Compared to the end of last week, each tael of gold bar decreased by VND6.5 million. The difference between the buying and selling prices is currently VND2 million. Thus, in total, buyers have lost VND8.5 million per tael after one week.

Gold rings also recorded a week of price reduction, accordingly, 4-number 9 gold rings at SJC were bought at 74.1 million VND/tael and sold at 75.7 million VND/tael, down 700,000 VND/tael after one week. Similarly, Bao Tin Minh Chau Company reduced the price of gold rings from 930,000 - 1.03 million VND/tael when buying to 74.23 million VND/tael and sold at 75.63 million VND/tael; DOJI Group also reduced the price of gold rings from 900,000 VND/tael, bringing the buying price down to 74.15 million VND/tael and selling to 75.75 million VND/tael...

The central exchange rate listed by the State Bank is 24,261 VND/USD, up 3 VND/USD. The USD price at commercial banks is traded around 25,224 VND/USD for buying and 25,474 VND/USD for selling.

Giá vàng chiều nay 2/6/2024: Giá vàng
Gold price today June 2, 2024, SJC gold price, 9999 gold price, 24k gold price, 18k gold price June 2, 2024. Photo: Can Dung
1. DOJI - Updated: June 1, 2024 17:54 - Source website time - / Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 80,950 82,750
AVPL/SJC HCM 80,950 82,750
AVPL/SJC DN 80,950 82,750
Raw material 9999 - HN 73,600 74,500
Raw material 999 - HN 73,500 74,400
AVPL/SJC Can Tho 80,950 82,750
2. PNJ - Updated: June 2, 2024 1:59 PM - Website supply time - / Compared to yesterday.
Type Buy Sell
HCMC - PNJ 74,000 75,800
HCMC - SJC 80,950 83,000
Hanoi - PNJ 74,000 75,800
Hanoi - SJC 80,950 83,000
Da Nang - PNJ 74,000 75,800
Da Nang - SJC 80,950 83,000
Western Region - PNJ 74,000 75,800
Western Region - SJC 81,000 83,500
Jewelry gold price - PNJ 74,000 75,800
Jewelry gold price - SJC 80,950 83,000
Jewelry gold price - Southeast PNJ 74,000
Jewelry gold price - SJC 80,950 83,000
Jewelry gold price - Jewelry gold price PNJ Ring (24K) 74,000
Jewelry Gold Price - 24K Jewelry 73,900 74,700
Jewelry Gold Price - 18K Jewelry 54,780 56,180
Jewelry Gold Price - 14K Jewelry 42,450 43,850
Jewelry Gold Price - 10K Jewelry 29,830 31,230

World gold price this afternoon June 2, 2024 and chart of world gold price fluctuations in the past 24 hours

According to Kitco, the world gold price recorded at 2:00 p.m. today, Vietnam time, was at 2,329.15 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70.584 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 10.416 million VND/tael higher than the international gold price.

Giá vàng chiều nay 2/6/2024: Giá vàng
Gold price fluctuation chart in the last 24 hours

World gold price closed the week at 2,329.15 USD/ounce, compared to the end of last week, the yellow precious metal decreased by nearly 7 USD/ounce.

Gold had a volatile trading week and despite trying to recover in the first half of the week, the precious metal still ended the week on a downtrend.

Although gold fell this week, experts said there are many reasons for investors to believe that this precious metal can find momentum for price increases next week, including the possibility of a long-awaited interest rate cut, the risk of a weakening labor market, especially strong demand from investors in many countries around the world.

Gold Price Forecast

As for the gold price trend this week, 10 Wall Street analysts participated in the Kitco News Gold Survey, and the results showed that 6 experts (60%) expect gold prices to rise next week. 2 analysts (20%) predict prices will fall, and the same number see gold trending sideways as they wait for direction next week.

Meanwhile, 128 Main Street retail investors, or 58 percent, expect gold prices to rise next week. Fifty-three investors, or 24 percent, expect prices to fall, while 41 respondents, or 18 percent, are neutral on the near-term direction of gold prices.



Source: https://congthuong.vn/gia-vang-chieu-nay-262024-vang-sjc-tuan-qua-giam-ky-luc-nguoi-mua-lo-nang-toi-85-trieu-dongluong-323764.html

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