On the morning of 5/6, Saigon Jewelry Company (SJC) made several adjustments to its listed gold prices. By 11 AM, SJC gold bars were traded at 150,8 - 153,8 million dong, a decrease of 2,2 million dong per tael compared to yesterday's closing price.

Concurrently, SJC's plain gold rings fell to 150,6 - 153,6 million dong per tael, a drop of over 2 million dong per tael. PNJ's plain rings were traded at 151,4 - 154,4 million dong, while DOJI Gold and Gems Group listed plain rings at 150,8 - 153,8 million dong per tael.

The sharper decline in domestic gold prices compared to global rates quickly narrowed the gap between the two markets.

On the international market, spot gold prices dropped 35 USD per ounce in the past 24 hours, trading around 4,440 USD. Converted using Vietcombank's selling exchange rate, domestic gold is now less than 13 million dong per tael higher than the global price. This is a significant reduction from the nearly 30 million dong difference seen two months ago.

The continuous decline has erased gold's year-to-date performance. Gold bars are now 2 million dong per tael lower than at the start of the year, while plain gold rings are approximately the same price as six months ago.

For silver, the price of silver bars and ingots saw a slight decrease this morning compared to yesterday. Phu Quy Gold Investment Joint Stock Company and DOJI both listed silver bars at approximately 2,75 - 2,84 million dong per tael, equivalent to 73,4 - 75,7 million dong per kilogram. Sacombank - SBJ listed silver at 2,77 - 2,85 million dong per tael.

Quynh Trang