Gold price today (June 23): Domestic gold is stable, gold...

Domestic gold price today

SJC gold bars today are stable in both buying and selling prices compared to yesterday. The brands DOJI , SJC, PNJ, Bao Tin Minh Chau all listed the price of gold bars at 117.7 - 119.7 million VND/tael (buy - sell), unchanged in both directions.

Phu Quy SJC alone bought 700 thousand VND lower at 117 million VND/tael and sold 119.7 million VND/tael.

SJC gold bar price today (June 23) is stable compared to yesterday. Photo: suckhoedoisong.vn

Similar to gold bars, the price of gold rings at most brands is also stable compared to early this morning.

Specifically, SJC listed the price of gold rings at 113.7 - 116.2 million VND/tael (buy - sell), stable in both directions.

DOJI keeps the gold ring trading price unchanged at 114.5 - 116.5 million VND/tael (buy - sell).

Bao Tin Minh Chau brand gold rings remained unchanged compared to yesterday, at 114.5 - 117.5 million VND/tael (buy - sell).

PNJ keeps the price of gold rings at 113.7 - 116.5 million VND/tael (buy - sell).

Phu Quy Group alone increased by 200,000 VND/tael in both buying and selling, with gold ring trading at 113.7 - 116.7 million VND/tael (buying - selling).

Domestic gold bar prices updated at 5:00 a.m. June 23 as follows:

Yellow	Area	Early morning 22-6	Early morning 23-6	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	117.7	119.7	117.7	119.7	-	-
Ho Chi Minh City	117.7	119.7	117.7	119.7	-	-
SJC	Ho Chi Minh City	117.7	119.7	117.7	119.7	-	-
Hanoi	117.7	119.7	117.7	119.7	-	-
Danang	117.7	119.7	117.7	119.7	-	-
PNJ	Ho Chi Minh City	117.7	119.7	117.7	119.7	-	-
Hanoi	117.7	119.7	117.7	119.7	-	-
Bao Tin Minh Chau	Nationwide	117.7	119.7	117.7	119.7	-	-
Phu Quy SJC	Nationwide	117	119.7	117	119.7	-	-

World gold price today

World gold prices continued to decline today, with spot gold prices listed on the Kitco exchange at 3,368.09 USD/ounce (equivalent to about 106.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees) - down 0.17% compared to early this morning.

Thus, the domestic gold price is about 13 million VND/tael higher than the world gold price.

World gold prices continue to fall today. Illustration photo: Kitco

The outlook remains mixed, according to the latest Kitco News weekly gold survey. While Wall Street experts are divided on where gold is headed, retail investors remain bullish on the commodity.

Among Wall Street experts, 38% said gold prices would rise this week, 31% predicted prices would continue to fall and the remaining 31% said prices would remain flat.

For individual investors, the optimism rate is higher as 54% believe gold prices will increase, but 46% still remain cautious or lean towards a sideways or downward trend.

Gold remains in a long-term uptrend, having reasserted its role as a key currency asset in global markets, said Christopher Vecchio, Head of Futures and Forex at Tastylive.com. However, he added that current speculative positions suggest the metal is facing some short-term challenges.

“Gold has all the right conditions right now, but it hasn’t made a new high yet. That’s what’s worrying traders. There’s obviously a lot of people buying gold and a lot of people shorting the dollar. That’s creating headwinds for gold right now,” said Christopher Vecchio.

Despite his negative short-term outlook, Mr. Vecchio remains bullish on gold and sees any dip as a buying opportunity.

Fawad Razaqzada, market analyst at City Index and FOREX.com, said that although the gold market is weak, now is not the time to short the metal.

“Calling the uptrend over while Iran and Israel are at high tension would be a very bold decision. The trend is still up and key support levels are still holding. Therefore, it is too early to declare the end of the uptrend in gold,” said expert Fawad Razaqzada.

KHANH MINH

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

Source: https://baodaknong.vn/gia-vang-hom-nay-23-6-vang-trong-nuoc-on-dinh-vang-the-gioi-truot-doc-256357.html