Domestic gold price today
According to Ha Tinh Newspaper, at 4:30 a.m. on June 16, 2025, the gold price at the trading floors of some domestic gold trading companies was as follows:
Specifically, DOJI Group listed the price at 117.8 - 120.3 million VND/tael (buy - sell), unchanged from the previous session. However, compared to last week, the price increased by 2.9 million VND/tael for buying and 3.1 million VND/tael for selling.
Similarly, Saigon Jewelry Company (SJC) also kept its buying and selling prices unchanged at VND117.8 - 120.3 million/tael compared to yesterday, with increases of VND2.9 million and VND3.1 million/tael respectively compared to last week.
At Bao Tin Minh Chau Company, the price of SJC gold bars is currently traded at 117.8 - 120.3 million VND/tael, unchanged during the day but up 2.9 million VND/tael for buying and 3.1 million VND/tael for selling compared to last week.
Meanwhile, the price of SJC gold in Phu Quy is listed at 117 - 120 million VND/tael, unchanged from yesterday but still up 2.5 million VND/tael for buying and 2.8 million VND/tael for selling compared to last week.
Thus, up to now, the price of SJC gold bars at large enterprises remains the same as yesterday but still increases sharply compared to last weekend. For gold rings, Bao Tin Minh Chau listed at 116 - 119 million VND/tael, unchanged during the day but increased by 3 million VND/tael in both buying and selling compared to last weekend.
World gold price today
As of 4:30 a.m. on June 16 (Vietnam time), the spot gold price on Kitco stopped at $3,433.88/ounce. Today's gold price remained unchanged from yesterday but increased by $117.02/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (26,223 VND/USD), the world gold price is about 112.66 million VND/tael (excluding taxes and fees).
World gold prices are on the rise as geopolitical tensions escalate in the Middle East and the US dollar unexpectedly weakens. Global investors are rushing to find safe havens, pushing gold prices above $3,400/ounce, approaching a historic peak. It is worth noting that despite the sharp increase in gold prices, cash flows from individual investors have yet to really kick in; the buying power mainly comes from central banks, especially China in its de-dollarization strategy.
Gold rose 3.7% this week, while the dollar fell 1% and hit a three-year low. Experts warn that the current rally may not last if the conflict eases or market sentiment shifts. Still, a majority of Wall Street experts remain bullish on gold next week, with 71% predicting gains, according to Kitco.
Experts say gold could test the $3,500/ounce mark again if tensions continue to escalate. However, the main risk is that rising inflation will force the Fed to maintain interest rates, which could put pressure on the precious metal. Investors are advised to carefully monitor further developments in the Middle East and monetary policy from the US.
Domestic gold prices often fluctuate according to world market trends, so SJC gold may increase in the morning trading session of June 16.
Source: https://baohatinh.vn/gia-vang-hom-nay-1662025-lap-dinh-do-lo-ngai-cang-thang-tai-trung-dong-post289929.html
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