Gold price in the world today: In the night trading session on May 31, according to Vietnam time, the world spot gold price traded at 1,904 USD/ounce. Gold for June delivery on the Comex New York floor stood at 1,908 USD/ounce. In the morning of June 1, according to Vietnam time, the world spot gold price was at 1,909 USD/ounce.
It can be seen that the gold price in the world continues to trend up despite the strong profit-taking pressure. Gold is expected to increase strongly in the context of abnormal stock movements. Concerns about inflation and concerns about economic recovery are causing the market to find new directions, so gold has a chance to rise today.
Besides, when stocks in Europe were sold off and the dollar showed no signs of strengthening, US bond yields dropped … so investors poured their capital into the gold market.
In addition, Germany announced that the consumer price index in May 2021 increased by 2.5%, higher than the forecast of 2.3%, causing the inflation problem in this country to go up, making investors immediately. Selling off stocks caused the stock market to sink deeply. Since then, many people have transferred their capital into the precious metal market, including gold, making the gold price today have the opportunity to “shine”.
Domestic gold price today: In the morning session of June 1, the domestic gold price fluctuated in gold trading systems nationwide.
Jewelry stores Saigon listed SJC gold prices in Hanoi trading at the threshold of 56.60 – 57.32 million VND/tael, while in Ho Chi Minh City, the price was also listed at 56.60 – 57.30 million VND. /quantity in both buying and selling directions, respectively. It can be seen that the gold price stays the same in the buying direction and decreases by 100,000 VND/tael in the selling side.
Phu Quy Group also listed the gold price in two directions at 56.65 – 57.30 million VND/time, down 50,000 VND/tael (buying direction) and 60,000 VND/tael decrease (selling direction).
Gold price at PNJ system did not have any new changes compared to yesterday’s trading session when listed in both buying and selling directions, respectively, at 56.60 – 57.40 million VND/tael.
Meanwhile, Doji Group adjusted to increase by 50,000 dong/tael in both trading directions when listing at 56.60 – 57.30 million dong/tael (buy in – sell out).
Other types of gold jewelry adjusted up compared to the previous session. Accordingly, the price of 24K gold increased by 50,000 VND/tael from 53.00 to 53.70 million VND/tael, 18K gold increased by 40,000 VND/tael when listed at 38.43-40.43 million VND/tael and 14K gold at 29.46 – 31.46 million dong/tael, up 30,000 dong/tael in both trading directions compared to the previous session.