On the morning of 27/5, Saigon Jewelry Company (SJC) and other major brands listed gold bars at 157,7 - 160,7 million dong per tael, a decrease of over 1 million dong from yesterday.

Plain gold rings also saw a slight decrease this morning, matching gold bar prices. Phu Nhuan Jewelry Company (PNJ) and DOJI Gold & Gems Group listed plain rings at 157,7 - 160,5 million dong per tael. Mi Hong traded them at 158,3 - 160 million dong per tael.

Internationally, the spot gold price traded around 4,500 USD per ounce at the same time. Converted at Vietcombank's selling rate, international gold is equivalent to 143 million dong per tael, over 17 million dong per tael lower than domestic prices.

Domestic precious metal prices have maintained a slight downward trend since early May. Over the past month, each tael of gold has fallen by about 7 million dong, a price adjustment of over 4%.

These recent drops, following the US-Iran conflict, have almost entirely wiped out previous gains. Currently, domestic gold prices are only about 3 million dong higher than at the start of the year, representing an increase of only 2%.

Amidst this price stabilization, major brands such as DOJI and PNJ have recently removed purchase limits and no longer face the supply shortages seen in earlier periods.

Regarding other precious metals, domestic silver prices traded around 3 million dong per tael this morning, equivalent to about 80 million dong per kilogram. Silver bars at Phu Quy, DOJI, and Ancarat were bought and sold at 2,9 - 3 million dong, 300,000 dong per tael lower than mid-May.

Quynh Trang