Domestic gold prices today
According to Ha Tinh Newspaper, at 4:30 AM on June 16, 2025, the price of gold at the trading floors of several domestic gold trading companies was as follows:
Specifically, DOJI Group listed the price at 117.8 - 120.3 million VND/ounce (buying price – selling price), unchanged from the previous session. However, compared to last week, the price has increased by 2.9 million VND/ounce in the buying price and 3.1 million VND/ounce in the selling price.
Similarly, Saigon Jewelry Company (SJC) also maintained its buying and selling prices at 117.8 - 120.3 million VND/ounce compared to yesterday, with increases of 2.9 million and 3.1 million VND/ounce respectively compared to last week.
At Bao Tin Minh Chau Company, the price of SJC gold bars is currently trading at 117.8 - 120.3 million VND/ounce, unchanged for the day but up 2.9 million VND/ounce for buying and 3.1 million VND/ounce for selling compared to last week.
Meanwhile, the price of SJC gold at Phu Quy is listed at 117-120 million VND/ounce, unchanged from yesterday but still up 2.5 million VND/ounce for buying and 2.8 million VND/ounce for selling compared to last week.
Thus, as of now, the price of SJC gold bars at major businesses remains unchanged compared to yesterday but is still significantly higher than the end of last week. For gold rings, Bao Tin Minh Chau lists the price at 116-119 million VND/ounce, unchanged today but up 3 million VND/ounce in both buying and selling prices compared to the end of last week.
Today's world gold price
As of 4:30 AM on June 16th (Vietnam time), the spot gold price on Kitco stood at $3433.88 per ounce. Today's gold price remains unchanged from yesterday but is up $117.02 per ounce compared to last week. Converted using the USD exchange rate at Vietcombank (26,223 VND/USD), the world gold price is approximately 112.66 million VND per tael (excluding taxes and fees).
Global gold prices are on a sharp upward trend as geopolitical tensions escalate in the Middle East and the US dollar unexpectedly weakens. Investors worldwide are flocking to safe-haven assets, pushing gold prices above $3,400 per ounce, nearing their all-time high. Notably, despite the sharp rise in gold prices, individual investors haven't yet fully entered the market; buying power is primarily coming from central banks, particularly China, as part of its de-dollarization strategy.
Gold rose 3.7% this week, while the USD fell 1% and hit a three-year low. Experts warn that the current rally may not last if the conflict cools down or market sentiment shifts. Nevertheless, a survey from Kitco shows that the majority of Wall Street experts remain optimistic about the gold price trend next week, with 71% forecasting an increase.
Experts believe gold could retest the $3,500/ounce mark if tensions continue to escalate. However, the main risk is rising inflation forcing the Fed to maintain interest rates, which could put pressure on the precious metal. Investors are advised to cautiously monitor further developments in the Middle East and monetary policy from the US.
Domestic gold prices typically fluctuate in line with global market trends, so SJC gold may rise during the morning trading session on June 16th.
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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