Gold price today (June 22): All increased, close to the threshold...

Domestic gold price today

Domestic gold prices today increased for gold bars and gold rings.

Gold bar prices increased by 300,000 VND per tael in both buying and selling compared to early this morning, listed at: 117.7 - 119.7 million VND/tael (buy - sell) at some major gold brands.

Accordingly, gold bars of the brands SJC, PNJ, DOJI and Bao Tin Minh Chau are being bought at 117.7 million VND/tael and sold at 119.7 million VND/tael.

Phu Quy SJC gold is bought at 700,000 VND/tael lower than other gold brands, listed at 117 million VND/tael for buying and 119.7 million VND/tael for selling.

Domestic gold prices today increased for gold rings and gold bars. Illustrative photo: VNA

Meanwhile, the price of gold rings also increased by 200,000 - 500,000 VND/tael at some brands.

Specifically, SJC listed gold rings at 113.7 million VND/tael for buying - 116.2 million VND/tael for selling (up 200,000 VND/tael in both directions).

The price of gold rings at DOJI is listed at 114.5 million VND/tael for buying - 116.5 million VND/tael for selling (an increase of 500,000 VND/tael in both directions).

The price of gold rings at PNJ is listed at 113.7 million VND/tael for buying (up 200,000 VND/tael) - 116.5 million VND/tael for selling (up 300,000 VND/tael).

Bao Tin Minh Chau listed the price of gold rings at 114.5 million VND/tael for buying - 117.5 million VND/tael for selling (up 200,000 VND/tael in both directions).

Phu Quy listed the price of gold rings at 113.5 million VND/tael for buying - 116.5 million VND/tael for selling (up 200,000 VND/tael in both directions).

Domestic gold bar prices updated at 5:00 a.m. June 22 as follows:

Yellow	Area	Early morning 21-6	Early morning 22-6	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	117.7	119.7	+300	+300
Ho Chi Minh City	117.4	119.4	117.7	119.7	+300	+300
SJC	Ho Chi Minh City	117.4	119.4	117.7	119.7	+300	+300
Hanoi	117.4	119.4	117.7	119.7	+300	+300
Danang	117.4	119.4	117.7	119.7	+300	+300
PNJ	Ho Chi Minh City	117.4	119.4	117.7	119.7	+300	+300
Hanoi	117.4	119.4	117.7	119.7	+300	+300
Bao Tin Minh Chau	Nationwide	117.4	119.4	117.7	119.7	+300	+300
Phu Quy SJC	Nationwide	116.7	119.4	117	119.7	+300	+300

World gold price today

The world gold price today is listed around 3,367 - 3,369 USD/ounce (equivalent to 107.1 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees) - down 0.13% compared to the previous trading session.

Thus, world gold price is about 12.6 million VND/tael lower than domestic gold price.

The world gold price today is about 12.6 million VND/tael lower than the domestic gold price. Photo: Kitco

Last week, the Middle East conflict was contained within the region and the US Federal Reserve (FED) took a tougher stance, causing gold prices to cool down somewhat. Spot gold last recorded at $3,364.70/ounce, down nearly 2% from the previous week.

Short-term geopolitical uncertainties aside, analysts remain bullish on gold as US monetary policy continues to provide significant support. The Fed maintained a neutral stance this week, keeping interest rates unchanged at its meeting on Wednesday. However, many experts believe it is only a matter of time before the central bank is forced to cut rates.

The latest Kitco News Weekly Gold Survey shows that experts remain positive on the short-term outlook for gold. Darin Newsom, senior analyst at Barchart.com, said that gold remains a safe haven in the long term. While there may be some short-term selling, buying will always return as long as global political and economic turmoil persists.

Maintaining a neutral view on gold next week, Mr. Colin Cieszynski, chief strategist at SIA Wealth Management, said that gold prices have been moving up and down according to the developments of tensions between Israel and Iran. Depending on the situation, gold can bounce strongly or "stand still".

Meanwhile, crude oil futures also rose sharply, trading around $76 a barrel, reflecting supply concerns amid Middle East tensions. The US dollar index (DXY) weakened again, creating favorable conditions for gold prices to rise.

After the Fed's decision to keep interest rates at 4.25-4.5% last week, next week the focus of financial markets will shift to US economic data, especially data related to consumers. Data on housing, inflation and consumer confidence will be released, which can provide important signals about the health of the US economy and the direction of the Fed's monetary policy in the coming time.

MINH AN

*Please visit the Economics section to see related news and articles.

Source: https://baodaknong.vn/gia-vang-hom-nay-22-6-dong-loat-tang-sat-nguong-120-trieu-dong-luong-256274.html