Domestic gold ring prices also fluctuated little this morning.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 113,700,000 | 0 | 116,200,000 | 0 |
| Doji | 115,000,000 | 0 | 117,000,000 | 0 |
SJC and Doji gold ring price list updated on the morning of June 18
Opening the trading session on June 18, the price of SJC 9999 gold remained the same as the closing price of yesterday's trading session, listed at 117.6-119.6 million VND/tael (buy - sell).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 117,600,000 | 0 | 119,600,000 | 0 |
| Doji Hanoi | 117,600,000 | 0 | 119,600,000 | 0 |
| Doji HCMC | 117,600,000 | 0 | 119,600,000 | 0 |
SJC and Doji gold bar price list updated on the morning of June 18
The central exchange rate on June 18 announced by the State Bank was 24,994 VND/USD, down 4 VND compared to the previous trading session. The USD price at commercial banks today (June 18) is commonly listed at 25,853 VND/USD (buy) and 26,243 VND/USD (sell).
At 8:41 a.m. today (June 18, Vietnam time), the world spot gold price was at 3,382.9 USD/ounce, down 2.1 USD/ounce compared to last night.
On the morning of June 18 , the world gold price converted to USD bank price was nearly 108.1 million VND/tael, including tax and fees, about 11.5 million VND/tael lower than the domestic gold price.
As of 8:00 p.m. on June 17 (Vietnam time), the spot gold price today on the international market was at $3,385/ounce. Gold for August 2025 delivery on the Comex New York floor was at $3,403/ounce.
The world gold price on the night of June 17 was about 29% higher (equivalent to 760 USD/ounce) than at the end of 2024. The world gold price converted to the bank USD price was 108.1 million VND/tael, including taxes and fees, about 11.5 million VND/tael lower than the domestic gold price as of the end of the afternoon session on June 17.
World gold prices have dropped rapidly in the past two trading sessions, from the threshold of 3,450 USD/ounce on June 15 to around 3,390 USD/ounce and faced strong profit-taking pressure every time it rose back to 3,400 USD/ounce.
Gold prices fell despite the heated situation in the Middle East, with the war between Israel and Iran escalating. Israel continued airstrikes deep into Iranian territory, attacking the Natanz nuclear facility, state television in Tehran, many high-ranking commanders of the Revolutionary Guard and nuclear scientists were killed.
Tehran announced a counterattack with hundreds of ballistic missiles and drones fired at cities such as Tel Aviv and Jerusalem. Both sides caused heavy casualties.
US President Donald Trump left the G7 meeting early, calling for the immediate evacuation of Tehran and stressing that Iran must end its nuclear program completely. The US has deployed additional defense assets such as aircraft carriers and tanker aircraft, deploying additional capabilities to the Middle East to protect its troops and interests.
Israel is racing to reshape the Middle East by stepping up attacks on Iran, forcing the Trump administration to play catch-up in moves that could roil global markets and alter the geopolitical balance.
Gold prices also fell due to a slight recovery in the USD, with the DXY index up 0.2% to 98.2 points.
Gold prices are struggling despite the fact that oil prices, a closely related commodity, turned around and increased sharply on the evening of June 17 (Vietnam time), up 1.3% to over $72.7/barrel. Money is also being withdrawn from cryptocurrencies. Bitcoin prices fell nearly 1% to $105,600/BTC.
Domestically, gold prices are also under downward pressure, despite the increase in the USD/VND exchange rate. Specifically, by the end of the trading session on June 17, the price of 9999 gold bars at SJC and Doji was listed at 117.6-119.6 million VND/tael (buy - sell), unchanged in both buying and selling directions compared to the previous session.
The price of gold rings decreased slightly. By the end of the afternoon of June 17, SJC announced the price of gold rings of type 1-5 at only 113.7-116.2 million VND/tael (buy - sell), down 200,000 VND in both directions. Doji announced the price of gold rings of type 1-5 at only 115-117 million VND/tael (buy - sell), unchanged from the previous session.
Gold Price Forecast
Gold prices are under considerable profit-taking pressure but do not fall deeply. Bottom-fishing demand appears every time prices fall sharply.
Gold prices have been trending up every time they fall below $3,380 an ounce. The gold market was supported after news that American consumers significantly cut back on shopping spending last month.
The US Commerce Department reported that retail sales fell 0.9% in May. The data was weaker than expected, as economists had predicted a 0.5% decline.
Sluggish consumer spending could dampen economic growth, potentially prompting the US Federal Reserve to cut interest rates, even as inflation risks remain high.
Adam Button, senior currency strategist at Forexlive, described the US consumer sales data as difficult to assess, saying that sales surged in March amid concerns about tariffs and have fallen for two consecutive months.
One factor that could have a big impact on gold price expectations is the possibility that the Middle East could stabilize if the Israel-Iran war is somehow resolved. Investors are watching closely.
In the long term, gold remains supported by a weak US dollar and the risk of high global inflation.
Source: https://vietnamnet.vn/gia-vang-hom-nay-18-6-2025-trung-dong-nong-ray-sjc-va-nhan-danh-vong-2412450.html
Comment (0)