This morning, Saigon Jewelry Company (SJC) listed gold bar prices at 145,5 - 148,5 million dong per tael, an increase of 1,5 million dong compared to yesterday. This marks the third consecutive rise for the precious metal.

SJC also raised plain gold ring prices by 1,5 million dong compared to yesterday, with prices now ranging from 145,4 - 148,4 million dong per tael. Bao Tin Minh Chau offered lower prices for this item, around 144,3 - 148 million dong. In contrast, PNJ and DOJI traded plain gold rings at higher prices than the aforementioned brands, at 145,5 - 148,5 million dong.

Domestic gold prices rose in line with positive international price movements. At the close of trading on 26/6, the global spot gold price increased by 62 USD, reaching 4,088 USD per ounce. Converted at Vietcombank's exchange rate, this international precious metal is equivalent to 130 million dong per tael. Consequently, domestic gold prices are currently more than 18 million dong higher than global prices.

The market's upward trend is attributed to a weakening US dollar and diminished expectations that the US Federal Reserve (Fed) will raise interest rates. The Dollar Index, which tracks the strength of the greenback against a basket of six major currencies, stood at 101,3 points, a slight decrease from the previous session.

Meanwhile, TD Securities noted that gold prices typically move inversely to oil prices and the US dollar. However, the company warned that if the energy market rises, the precious metal could continue to face downward pressure in the coming months.

Silver bar and ingot prices also increased by over 1% compared to yesterday, despite being at their lowest level since mid-December last year. Phu Quy, DOJI, and Ancarat all listed this metal at 2,24 - 2,31 million dong per tael, equivalent to 59,8 - 61,7 million dong per kg.

Trong Hieu