Gold price today May 6: Domestic gold price increased sharply following the increase in world gold price

World gold price

At 9:00 a.m. on May 6, the price of gold today on the international market reached 3,323.88 USD/ounce, after increasing 115 USD compared to the lowest level in the session last night.

According to Ole Hansen, an analyst at Saxo Bank, the surge in demand for gold from China is the main factor pushing up the price of this precious metal. Concerns about the Chinese economic situation have caused people in this country to rush to buy gold as a safe haven. This has helped gold prices maintain a strong upward trend, despite mixed fluctuations in the global financial market.

Crude oil prices continue to fluctuate wildly. Crude oil futures are currently trading around $57.20 a barrel. OPEC recently agreed to increase crude oil production from June, adding to the volatility in the energy market.

The market is currently focusing on the US Federal Reserve's (FED) interest rate decision after its meeting ended in the early morning of May 8 (Vietnam time).

The Fed meeting is not expected to change monetary policy. However, the reaction of crude oil prices after the Fed meeting results will greatly affect market price movements, including gold prices.

Update SJC gold price

As of 9:00 a.m. on May 6, the price of SJC gold bars was listed by Saigon Jewelry Company at 120.8-122.8 million VND/tael (buy - sell), an increase of 3 million VND/tael in both directions. The difference between buying and selling prices was at 2 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 120.8-122.8 million VND/tael (buy - sell), an increase of 3 million VND/tael in both directions. The difference between buying and selling prices was at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.8-119.8 million VND/tael (buy - sell), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at 119.8-122.8 million VND/tael (buy - sell), an increase of 3 million VND/tael in both directions. The difference between the buying and selling prices is at 3 million VND/tael.

Price of round gold ring 9999

As of 9:00 a.m. on May 6, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.5-118 million VND/tael (buy - sell), an increase of 3 million VND/tael. The difference between the buy and sell prices was at 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 115.5-118.5 million VND/tael (buy - sell), down 1.1 million VND/tael for buying and down 1.2 million VND/tael for selling. The difference between buying and selling is 3 million VND/tael.