Domestic gold price today June 15, 2024

Early morning of June 15 , SJC 9999 gold price remained unchanged compared to the end of yesterday's trading session, maintained at 76.98 million VND/tael (selling).

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:30 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at the end of the session on June 14 as follows:

Buy Sell
SJC HCMC 74,980,000 VND/tael 76,980,000 VND/tael
Doji Hanoi 74,980,000 VND/tael 76,980,000 VND/tael
Doji HCMC 74,980,000 VND/tael 76,980,000 VND/tael

SJC and Doji gold price list updated early morning June 15

At the end of the session on June 14, the price of SJC gold bars by 4 state-owned commercial banks (Agribank, BIDV, Vietcombank and VietinBank) was 76.98 million VND/tael.

The price of 9999 gold bars at SJC is 74.98 million VND/tael (buy) and 76.98 million VND/tael (sell).

Doji listed at 74.98 million VND/tael (buy) and 76.98 million VND/tael (sell).

The central exchange rate on June 15, 2024 announced by the State Bank is 24,249 VND/USD, an increase of 5 VND compared to the previous trading session. The USD price at commercial banks this morning (June 15) was listed at 25,191 VND/USD (buy) and 25,461 VND/USD (sell).

International gold price today June 15, 2024

At 8:31 a.m. today (June 15, Vietnam time), the world spot gold price stood at around 2,332.8 USD/ounce, up 4.8 USD/ounce compared to last night. The gold futures price for August 2024 on the Comex New York floor was at 2,349.1 USD/ounce.

Gold price on Kitco floor (at 8:00 p.m., June 14, Vietnam time) was trading at 2,328 USD/ounce, up 1.07% compared to the beginning of the session. Gold futures price for August was trading at 2,343 USD/ounce.

Kitco gold price.jpeg
World gold price increases. Photo: KC

Gold prices rose in early US trading. US Treasury yields fell, benefiting the precious metals market. Bond traders believe the Federal Reserve will ease monetary policy later this year, cutting interest rates at least once.

After the recent regular policy meeting, the Fed decided to keep the interest rate at the current level (5.25% - 5.50%). Forecasts show that Fed policymakers continue to expect a soft landing for the economy.

The US consumer price index (CPI) in May was unchanged from April and 0.1% lower than forecast, the Bureau of Labor Statistics reported.

The US Producer Price Index (PPI) unexpectedly fell in May 2024. In May 2024, the PPI decreased 0.2% compared to the previous month, after increasing 0.5% in April. Previously, economists forecast the PPI to increase slightly by 0.1% compared to the previous month.

Gold Price Forecast

Jeffrey Christian, managing partner of CPM Group, said the Fed's rate hikes are good for gold. Investors are moving to less risky assets like gold.

ING NV Bank predicts gold prices will average $2,300 an ounce this quarter and next, before rising to $2,350 an ounce in the fourth quarter of 2024.