Domestic gold price today
Early morning of June 20 , SJC gold price 9999 today decreased by 50 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session.
The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:51 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:36 a.m. as follows:
| Buy | Sell | |
| SJC Hanoi | 66,400,000 VND/tael | 67,020,000 VND/tael |
| SJC HCMC | 66,400,000 VND/tael | 67,000,000 VND/tael |
| SJC Danang | 66,400,000 VND/tael | 67,020,000 VND/tael |
| Doji Hanoi | 66,400,000 VND/tael | 67,000,000 VND/tael |
| Doji HCMC | 66,450,000 VND/tael | 66,950,000 VND/tael |
SJC and DOJI gold price list updated early morning June 20
At the end of the trading session on June 19, the price of 9999 gold bars at SJC Ho Chi Minh City was 66.45 million VND/tael (buy) and 67.05 million VND/tael (sell). SJC Hanoi listed at 66.45 million VND/tael (buy) and 67.07 million VND/tael (sell).
Doji Hanoi listed at 66.45 million VND/tael (buy) and 67.05 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 66.5 million VND/tael and sold at 67 million VND/tael.
The central exchange rate on June 20 announced by the State Bank is 23,718 VND/USD, up 21 VND compared to yesterday. The USD price at commercial banks this morning (June 20) was traded around 23,330 VND/USD (buy) and 23,700 VND/USD (sell).
International gold price today
At 10:00 a.m. today (June 20, Vietnam time) , the world spot gold price stood at around 1,950.2 USD/ounce, down 0.8 USD/ounce compared to last night. The price of gold futures for August delivery on the Comex New York floor was at 1,961 USD/ounce.
On the morning of June 20, world gold converted to USD bank price was 55.72 million VND/tael (excluding tax and fees), about 11.3 million VND/tael lower than domestic gold price.
On the world market, spot gold price on June 19 (Vietnam time) was trading at 1,951 USD/ounce.
Everett Millman, precious metals expert at Gainesville Coins, said the Fed's pause on rate hikes is a good sign for precious metals. However, the Fed may raise rates more aggressively later, which will affect gold prices in the near future.
According to Edward Moya, senior market analyst at OANDA, at a press conference on June 14, the Fed Chairman did not commit to raising interest rates in July. This shows that the US central bank still depends on macroeconomic data to decide on action.
Gold prices are stable at high levels, in the context of many forecasts that the Fed will likely raise interest rates two more times between now and the end of the year. Many experts believe that gold prices are likely to increase in the near future.
Gold Price Forecast
The gold market is looking ahead to the two-day testimony of Fed Chairman Jerome Powell before the House and Senate on June 21-22 (US time). At the same time, investors are also listening to further signals from Fed officials and upcoming macroeconomic data.
Many experts believe that upcoming macroeconomic data could have a major impact on the gold market. Previously, Mr. Powell affirmed that the Fed's next move depends on economic data.
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