Domestic gold price today
Today, the domestic gold bar prices of brands such as SJC, DOJI , PNJ increased by 300,000 VND/tael. Although this increase has slowed down compared to the previous day, it still makes the gold price sky-high at 120.3 million VND/tael (selling price).
Meanwhile, the price of gold bars of Bao Tin Minh Chau and Phu Quy brands remained stable compared to yesterday, trading at 117 - 120 million VND/tael (buy - sell).
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Domestic gold prices maintain upward momentum despite shock from military conflict in the Middle East. Illustration photo: suckhoedoisong.vn |
Gold ring prices were also adjusted up at some brands such as SJC, PNJ and remained stable at DOJI, Bao Tin Minh Chau, Phu Quy and Mi Hong brands.
Specifically, SJC listed gold rings at 113.7 million VND/tael for buying; 116.2 million VND/tael for selling, an increase of 200,000 VND/tael compared to yesterday morning.
The price of gold rings at DOJI is listed at 115 million VND/tael for buying; 117 million VND/tael for selling, stable compared to yesterday morning.
The price of gold rings at PNJ is listed at 114 million VND/tael for buying, an increase of 500,000 VND/tael; 116.8 million VND/tael for selling, an increase of 600,000 VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 116 million VND/tael for buying; 119 million VND/tael for selling, stable compared to yesterday morning.
Phu Quy listed the price of gold rings at 114 million VND/tael for buying; 117 million VND/tael for selling, stable compared to yesterday morning.
Mi Hong listed the price of gold rings at 114.2 million VND/tael for buying; 115.7 million VND/tael for selling, stable compared to yesterday morning.
Domestic gold bar prices updated early morning June 15 as follows:
Yellow | Area | Early morning June 14 | Early morning June 15 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 117.5 | 120 | 117.8 | 120.3 | +300 | +300 | |
Ho Chi Minh City | 117.5 | 120 | 117.8 | 120.3 | +300 | +300 | |
SJC | Ho Chi Minh City | 117.5 | 120 | 117.8 | 120.3 | +300 | +300 |
Hanoi | 117.5 | 120 | 117.8 | 120.3 | +300 | +300 | |
Danang | 117.5 | 120 | 117.8 | 120.3 | +300 | +300 | |
PNJ | Ho Chi Minh City | 117.5 | 120 | 117.8 | 120.3 | +300 | +300 |
Hanoi | 117.5 | 120 | 117.8 | 120.3 | +300 | +300 | |
Bao Tin Minh Chau | Nationwide | 117.5 | 120 | 117.5 | 120 | - | - |
Phu Quy SJC | Nationwide | 117 | 120 | 117 | 120 | - | - |
World gold price today
The world gold price today is listed around 3,430.49 - 3,433.47 USD/ounce (equivalent to 109 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees) - up 54 USD in the past 24 hours. Gold futures are trading around 3,452.8 USD/ounce, up 1.48% compared to yesterday.
Thus, world gold price is about 11.3 million VND/tael lower than domestic gold price.
The main catalyst for gold’s recent rally was the escalation of tensions in the Middle East following Israel’s military strike on Iran’s nuclear sites. As expected, Israel’s preemptive strike triggered a sell-off in stocks and a spike in oil prices. At the same time, safe-haven demand sent gold soaring. But the biggest surprise was that bond yields and the US dollar remained largely unchanged.
This weakness in the US dollar is surprising given the current circumstances. The US economy is often seen as a stable anchor for the global economy. When fear increases, investors often seek safe haven assets to protect their capital - usually the US dollar and gold. In such scenarios, the demand for safe havens often pushes both the US dollar and gold higher at the same time. However, this time, gold seems to be rising on its own.
"The conflict between Israel and Iran could keep gold prices at $3,400 an ounce, but it won't push prices much higher without further escalation," said Ole Hansen, head of commodity strategy at Saxo Bank.
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| Gold is set to overtake the euro as the world's second-most important reserve asset by 2024. Photo: iStock |
The surge in gold prices reflects not only geopolitical uncertainty but also a broader shift in global reserve strategies. According to the latest data from the European Central Bank (ECB), gold will surpass the euro to become the world's second-most important reserve asset by 2024, thanks to record purchases by central banks. The US dollar remains dominant with a 46% share of global reserves, followed by gold at 20% and the euro at 16%, according to the ECB. The shift reflects a long-term trend of central banks diversifying their reserves away from traditional currencies to counter geopolitical risks and concerns about the weaponization of the US dollar.
Michele Schneider, chief market strategist at MarketGauge, said that next week could see some volatility in gold prices as day traders take profits from the recent rally. However, she added that both gold and silver remain in long-term uptrends.
THU UYEN
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Source: https://baodaknong.vn/gia-vang-hom-nay-15-6-bien-dong-manh-truoc-cu-soc-trung-dong-255606.html
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