Gold price today (June 21): Gold ring price drops sharply

Gold price today (June 21): Domestic gold ring price this morning decreased sharply compared to yesterday, with the highest decrease of 500,000 VND/tael. Meanwhile, world gold ended the weekend trading session with a slight decrease.

Domestic gold price today

Domestic gold bar prices have been stable over the past 24 hours. Early this morning (June 21), gold brands are buying at 117.4 million VND/tael and selling at 119.4 million VND/tael. Phu Quy SJC gold is buying at 700,000 VND lower than other brands.

The price of SJC gold bars remained stable compared to yesterday, but is still at a high level. Photo: thesaigontimes.vn

Most gold rings of all brands have decreased in price compared to yesterday.

Specifically, The listed price of SJC 9999 gold rings is 113.5 million VND/tael for buying and 116 million VND/tael for selling, stable compared to yesterday.

DOJI in Hanoi and Ho Chi Minh City markets bought at 114 million VND/tael and sold at 116 million VND/tael, down 500,000 VND/tael in both directions.

The price of Bao Tin Minh Chau brand gold rings is listed at 114.3 million VND/tael for buying and 117.3 million VND/tael for selling, down 300,000 VND/tael in both directions.

Phu Quy SJC is buying gold rings at 113.3 million VND/tael and selling at 116.3 million VND/tael, down 300,000 VND/tael in both directions.

PNJ brand gold ring price is listed at 113.5 million VND/tael for buying, down 200,000 VND/tael and 116.2 million VND/tael for selling, down 500,000 VND/tael.

Domestic gold bar prices updated on the morning of June 21 as follows:

Yellow	Area	Early morning 20-6				Early morning 21-6			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	117.4		119.4		117.4		119.4	-	-
	Ho Chi Minh City	117.4		119.4		117.4		119.4	-	-
SJC	Ho Chi Minh City	117.4		119.4		117.4		119.4	-	-
	Hanoi	117.4		119.4		117.4		119.4	-	-
	Danang	117.4		119.4		117.4		119.4	-	-
PNJ	Ho Chi Minh City	117.4		119.4		117.4		119.4
	Hanoi	117.4		119.4	117.4			119.4	-	-
Bao Tin Minh Chau	Nationwide	117.4		119.4	117.4			119.4	-	-
Phu Quy SJC	Nationwide	116.8		119.4	116.7			119.4	-100	-

World gold price today

World gold prices fell, with spot gold at $3,368.9 an ounce. World gold prices overall fell 0.17% in the past 24 hours, equivalent to a decrease of $5.7 an ounce. Gold futures traded around $3,385.7 an ounce, down 0.66% from yesterday.

With the domestic gold bar price remaining stable and the world gold price listed at Kitco at 3,368.09 USD/ounce (equivalent to about 106.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between the domestic and world gold prices is about 10 million VND/tael.

World gold prices have fallen nearly 2% over the past week. Illustrative photo

The precious metal ended the week with a significant decline as investors quickly liquidated some bullish bets. Spot gold last traded at $3,368.90 an ounce, down nearly 2% for the week.

However, gold found some support on Friday, rising nearly 1% from its early session low as the conflict between Israel and Iran boosted safe-haven demand. Analysts noted that investors are turning to gold as a hedge against risk amid so much turmoil and uncertainty in the Middle East.

Christopher Vecchio, head of futures and FX at Tastylive.com, said gold remains in a long-term uptrend. However, Mr. Vecchio added that speculative positioning presents some short-term challenges for the metal. “It’s hard to see gold sustaining a break above $3,400 an ounce when everyone is so bullish on the metal. We can see a lot of people buying gold and a lot of people selling dollars. That’s creating some headwinds for gold at the moment.”

In an interview with Kitco News, Mike McGlone, senior macro strategist at Bloomberg Intelligence, said that gold remains one of the few major assets showing strength in a volatile environment. McGlone stressed that the pullback from $3,454 an ounce to near $3,370 an ounce could be a healthy consolidation, not the start of a reversal. “Typically, when markets get to extreme levels, they consolidate and continue to trend higher. To me, that’s what gold is doing,” McGlone said.

Gold's resilience relative to other assets is a signal of ongoing distrust in monetary policy, Mr. McGlone added.

According to the World Gold Council, central banks added 290 tonnes of gold in the first quarter of 2025. This followed record annual purchases in 2022, 2023 and 2024, with purchases driven by China, India and other emerging economies looking to reduce their dependence on the US dollar.

Source: https://baolangson.vn/gia-vang-hom-nay-21-6-gia-vang-nhan-giam-manh-5050772.html