On the morning of 6/1, Saigon Jewelry Company (SJC) listed gold bars at 156 - 158 million dong per tael, marking a 900,000 dong increase from yesterday. Other brands followed suit, pushing the total rise for this commodity to over 5 million dong within two days.
For plain gold rings, SJC's price increased by 1,1 million dong, reaching 151 - 154 million dong per tael. PNJ and Doji quoted this item at 152 - 155 million dong, while Bao Tin Minh Chau listed it between 155 - 158 million dong per tael.
Domestic gold prices rose in line with global trends. Each ounce of international gold gained nearly 16 USD, reaching 4,464 USD. Over two days, the precious metal became over 130 USD more expensive.
Converted at Vietcombank's selling rate, international gold is equivalent to 142 million dong per tael, creating a 16 million dong difference compared to domestic prices. The precious metal's sharp increase followed a US attack on Venezuela.
Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany, stated that the situation in Venezuela and other geopolitical concerns have triggered safe-haven demand for gold.
Domestic silver bar and ingot prices also saw a 4% increase compared to yesterday. Phu Quy Gold Investment Joint Stock Company listed silver bars at 2,96 - 3,05 million dong per tael. Sacombank - SBJ Company traded silver around 2,97 - 3,04 million dong.
Trong Hieu