On the morning of 4/6, Saigon Jewelry Company (SJC) listed gold bars at 153,5 - 156,5 million dong per tael, a decrease of 500.000 dong compared to late yesterday. Other major brands made similar adjustments. This marks the lowest price for the precious metal since the beginning of the year. Compared to its peak on 2/3, each tael of gold bar has fallen by over 34 million dong.

For plain gold rings, SJC also reduced prices by 500.000 dong yesterday, bringing them to 153,3 - 156,3 million dong per tael. PNJ, DOJI, Bao Tin Minh Chau, and Bao Tin Manh Hai traded this item approximately 200.000 dong higher than SJC for both buying and selling, at 153,5 - 156,5 million dong per tael.

Domestic gold prices have declined in line with the downward trend of international prices. At the close of trading on 3/6, each ounce of international spot gold lost over 53 USD compared to the previous session, falling to 4.433 USD. However, this morning, the precious metal recovered by over 22 USD, rising to 4.460 USD.

The global market has declined due to the prolonged geopolitical conflict in the Middle East, leading to increased inflation concerns and persistently high interest rates. Investors are also awaiting upcoming US economic data releases. Gold is often considered a safe haven against inflation. However, in a high-interest-rate environment, the precious metal becomes less attractive as it does not offer yields.

Converted at Vietcombank's exchange rate, international gold is equivalent to 141,5 million dong per tael. This means the domestic price is 15 million dong higher than the international price.

Silver bars and ingots also decreased by nearly 2%, following international price movements. Phu Quy listed this metal at 2,77 - 2,85 million dong per tael, equivalent to 75,8 - 76,1 million dong per kg. Ancarat and Sacombank - SBJ traded silver bars at prices comparable to Phu Quy.

Trong Hieu