Gold prices slide

Opening the morning session on April 7, domestic gold prices continued to decrease, falling below the 33 million VND/tael mark for buying in Ho Chi Minh City.

Domestic and world gold prices simultaneously decreased. Photo: Internet

At 8:30 a.m. on April 7, Saigon Jewelry Company listed the buying and selling price of gold in Ho Chi Minh City at 32.98 - 33.23 million VND/tael, down nearly 100,000 VND/tael compared to yesterday's closing price.

Similarly, the price of SJC gold of Doji Group in Hanoi also decreased by nearly 100,000 VND/tael, down to 33.10 - 33.16 million VND/tael (buy - sell).

The difference between buying and selling gold prices in Ho Chi Minh City is currently 250,000 VND/tael, while in Hanoi, the difference is 60,000 VND/tael.

In the world market, the spot gold price decreased by 0.51% to 1,224.9 USD/ounce on Kitco floor. Meanwhile, the gold price for June delivery on Comex floor decreased by 5 USD/ounce to 1,225 USD/ounce.

Market observers said that the world gold price suddenly turned down slightly due to the recovery of the stock market and the minutes of the US Federal Reserve's (FED) policy meeting showing that the US central bank has many concerns about the danger to the US economy in the context of the global economic downturn.

According to VOV