Gold prices have fallen or remained unchanged for three consecutive days. Is the Middle East war not hot enough?

Gold price today June 24: World gold price decreased, domestic gold price remained unchanged for 3 consecutive days when the market did not react as expected.

Domestic gold price today June 24, 2025

As of 10:30 a.m. on June 24, 2025, domestic gold bar prices have remained unchanged for 3 consecutive days. Specifically:

The price of SJC gold bars listed by DOJI Group is at 117.7-119.7 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117.7-119.7 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.7-119.7 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117.7-119.7 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117-119.7 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions.

As of 10:30 a.m. on June 24, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 114.5-116.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.6-117.6 million VND/tael (buy - sell); prices remained unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, June 24, 2025 is as follows:

Gold price today	June 24, 2025 (million dong)		Difference (thousand dong/tael)
	Buy	Sell	Buy	Sell
SJC in Hanoi	117.7	119.7	-	-
DOJI Group	117.7	119.7	-	-
Red Eyelashes	118.7	119.7	-	-
PNJ	117.4	119.7	-	-
Bao Tin Minh Chau	117.7	119.7	-	-
Phu Quy	117	119.7	-	-

1. DOJI - Updated: June 24, 2025 10:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price	Buy	Sell
AVPL/SJC HN	117,700	119,700
AVPL/SJC HCM	117,700	119,700
AVPL/SJC DN	117,700	119,700
Raw material 9999 - HN	109,200	111,500
Raw material 999 - HN	109,100	111,400

2. PNJ - Updated: June 24, 2025 10:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type	Buy	Sell
HCMC - PNJ	113,700	116,500
HCMC - SJC	117,700	119,700
Hanoi - PNJ	113,700	116,500
Hanoi - SJC	117,700	119,700
Da Nang - PNJ	113,700	116,500
Da Nang - SJC	117,700	119,700
Western Region - PNJ	113,700	116,500
Western Region - SJC	117,700	119,700
Jewelry gold price - PNJ	113,700	116,500
Jewelry gold price - SJC	117,700	119,700
Jewelry gold price - Southeast	PNJ	113,700
Jewelry gold price - SJC	117,700	119,700
Jewelry gold price - Jewelry gold price	PNJ 999.9 Plain Ring	113,700
Jewelry gold price - Kim Bao Gold 999.9	113,700	116,500
Jewelry gold price - Phuc Loc Tai Gold 999.9	113,700	116,500
Jewelry gold price - Jewelry gold 999.9	113,000	115,500
Jewelry gold price - Jewelry gold 999	112,890	115,390
Jewelry gold price - Jewelry gold 9920	112,180	114,680
Jewelry gold price - Jewelry gold 99	111,950	114,450
Jewelry gold price - 750 gold (18K)	79,280	86,780
Jewelry gold price - 585 gold (14K)	60,220	67,720
Jewelry gold price - 416 gold (10K)	40,700	48,200
Jewelry gold price - 916 gold (22K)	103,400	105,900
Jewelry gold price - 610 gold (14.6K)	63,110	70,610
Jewelry gold price - 650 gold (15.6K)	67,730	75,230
Jewelry gold price - 680 gold (16.3K)	71,190	78,690
Jewelry gold price - 375 gold (9K)	35,960	43,460
Jewelry gold price - 333 gold (8K)	30,770	38,270

3. SJC - Updated: June 24, 2025 10:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	117,700	119,700
SJC gold 5 chi	117,700	119,720
SJC gold 0.5 chi, 1 chi, 2 chi	117,700	119,730
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	113,700	116,200
SJC 99.99% gold ring 0.5 chi, 0.3 chi	113,700	116,300
Jewelry 99.99%	113,700	115,600
Jewelry 99%	109,955	114,455
Jewelry 68%	71,865	78,765
Jewelry 41.7%	41,460	48,360

World gold price today June 24, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 10:30 a.m. on June 24, Vietnam time, was 3,379.14 USD/ounce. Today's gold price decreased by 13.96 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,310 VND/USD), the world gold price is about 110.95 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 8.75 million VND/tael higher than the international gold price.

Although the war between Israel and Iran escalated seriously, many people thought that it would push gold prices up sharply, but the reality was the opposite. Gold prices not only did not increase but also decreased compared to the time before the conflict broke out. The market did not react as expected.

Some experts explain that despite the tension, because the conflict has not spread beyond the Middle East, investors have not really considered gold as an urgent shelter. At the same time, oil prices have also struggled to maintain their gains, reflecting the market's reticence.

It is notable that the market did not see a massive exodus from risk assets in the first trading session of the week, said David Morrison of Trade Nation. According to him, investors seem to think that the US will keep its military intervention limited but effective, especially in weakening Iran's nuclear ambitions.

In addition, Iran’s ability to retaliate is currently significantly limited. While the situation remains uncertain and it is unclear how far the US has come and whether military action will escalate, overall market sentiment remains fairly optimistic. Speculation is rife about how Iran will respond in the coming period, if it still has the capacity to do so.

Global stock markets reacted mixed to the tense developments. Asian and European exchanges traded mixed overnight. In the US, stock indexes are expected to open with slight fluctuations in New York.

Technically, the August gold contract still holds the advantage in the short term. The next target for the buyers is to push the price above the important resistance level at $3,476.30/ounce. On the contrary, the sellers are trying to push the price below the support level of $3,300/ounce.

Technical levels are being closely watched by investors. The first resistance level is the overnight high of $3,413.80 an ounce, followed by $3,450 an ounce. Meanwhile, key support levels are last week's low of $3,356.20 an ounce and June's low of $3,313.10 an ounce.

In the overseas markets, the US dollar index rose slightly, while Nymex crude oil prices also increased, trading around $74.75/barrel. The yield on the 10-year US government bond currently stands at 4.39%, indicating that financial markets are still reacting cautiously to geopolitical uncertainties and upcoming monetary policy trends.

Gold Price Forecast

Gold prices are becoming the center of attention in the context of the world constantly facing geopolitical and economic instability. However, experts have quite different opinions on the short-term trend of this precious metal.

Rich Checkan, chairman and CEO of Asset Strategies International, believes that escalating tensions in the Middle East will be a driving force for gold prices to rise. According to him, the recent decline in prices has been excessive, creating conditions for the gold market to recover in the near future.

Colin Cieszynski, chief strategist at SIA Wealth Management, is more cautious, saying that the unpredictable developments from the conflicts are causing gold prices to fluctuate wildly and lack stability. In such a context, he believes that it is reasonable to remain neutral because gold prices can fluctuate unexpectedly in both directions.

From another perspective, Mr. Adrian Day, Chairman of Adrian Day Asset Management, said that gold prices will hardly increase sharply in the short term and tend to move sideways. Although buying power from China has decreased, the market is still supported by Western investors. However, he said that without new factors, gold prices will hardly have a breakthrough.

Marc Chandler, CEO of Bannockburn Global Forex, is bearish. Despite rising tensions between Israel and Iran, gold prices fell for the week, posting their biggest weekly decline in five weeks, suggesting that market sentiment is going against conventional expectations.

Chandler also noted that the US dollar has rebounded after three consecutive weeks of declines, causing gold to lose some of its appeal. If gold breaks the support zone around $3,290 - $3,295 per ounce, prices could enter a deeper correction cycle. And if it continues to break the $3,265 threshold, the possibility of a drop to $3,200 is entirely possible.

Alex Kuptsikevich, senior analyst at FxPro, shares the view that the short-term downside is quite clear. Although gold is on track to complete its sixth consecutive month of gains, which is also the longest streak in two decades, the current price is too high and shows signs of being overbought.

Gold prices are seeing strong fluctuations, but according to a forecast from Citi Financial Group, this fever may have peaked. Citi believes that gold prices could fall by up to 25% by the end of 2026, to $2,500-2,700/ounce. Although gold is currently near its historical peak, demand is expected to cool as the US economy gradually stabilizes and the bond market no longer faces major interest rate shocks.

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Source: https://baonghean.vn/gia-vang-giam-hoac-di-ngang-3-ngay-lien-tiep-chien-su-trung-dong-chua-du-nong-10300289.html