This afternoon, the world gold price continued to decrease. At 2:41 p.m. today (June 24, Vietnam time), the world spot gold price was at 3,324.9 USD/ounce, down 22.3 USD/ounce compared to early this morning.
Domestic gold prices this afternoon were also adjusted down.
This afternoon, SJC gold bar price was traded at 117.5-119.5 million VND/tael (buy - sell), down 200 thousand VND per tael in both buying and selling compared to this morning.
The price of 1-5 chi SJC gold rings this afternoon was listed at 113.5-116 million VND/tael (buy - sell), down 200 thousand VND/tael in both directions compared to the listed price this morning.
The price of 9999 gold rings at Doji this afternoon was bought and sold at 114-116 million VND/tael, down 500 thousand VND/tael in both directions compared to this morning.
Domestic gold ring prices fluctuated little this morning.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 113,500,000 | - 200,000 | 116,000,000 | - 200,000 |
| Doji | 114,000,000 | - 500,000 | 116,000,000 | - 500,000 |
SJC and Doji gold ring price list updated morning and afternoon of June 24
Opening the trading session on June 24, the price of SJC 9999 gold remained unchanged compared to the closing session yesterday, at 117.7-119.7 million VND/tael (buy - sell).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 117,500,000 | - 200,000 | 119,500,000 | - 200,000 |
| Doji Hanoi | 117,500,000 | - 200,000 | 119,500,000 | - 200,000 |
| Doji HCMC | 117,500,000 | - 200,000 | 119,500,000 | - 200,000 |
SJC and Doji gold bar price list updated on the afternoon of June 24
The world gold price dropped quite sharply in the early morning of June 24. At 9:02 am today (June 24, Vietnam time), the world spot gold price was at 3,347.2 USD/ounce, down 31.8 USD/ounce compared to last night.
On the morning of June 24 , the world gold price converted to USD bank price was nearly 107.3 million VND/tael, including tax and fees, about 12.4 million VND/tael lower than the domestic gold price.
At 8:00 p.m. (June 23, Vietnam time), spot gold was at $3,379/ounce, up 0.38% from the beginning of the session. Gold futures for August 2025 delivery on the Comex New York floor traded at $3,394/ounce.
The air war between Iran and Israel began last Friday, when Israel attacked Iran’s nuclear facilities. The escalating conflict in the Middle East, combined with current economic uncertainty, has increased demand for gold as a safe haven asset.
Analysts say escalating tensions could impact oil prices, raising the risk of inflation in the United States. This scenario could force the Federal Reserve (Fed) to maintain high interest rates.
In addition to the conflict in the Middle East, investors are closely watching for updates on Trump’s tariffs, tax cuts and the Fed’s interest rate decision. This week, Fed Chairman Jerome Powell will have two days of testimony before the US Congress.
Last week, the US central bank kept interest rates unchanged and signaled the uncertain impact of President Donald Trump's tariff policies on the economy.
Investors expect the Fed to cut interest rates by 50 basis points later this year.
The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.41 points.
Brent crude rose 2.7% to a five-month high of $79.12 a barrel. US crude rose 2.8% to $75.98 a barrel, before falling slightly due to profit-taking pressure. The yield on the 10-year US Treasury note rose 2 basis points to 4.397%.
At the end of the session on June 23, SJC gold bar price was traded at 117.7-119.7 million VND/tael (buy - sell), unchanged from the previous session.
The price of 1-5 chi SJC gold rings is listed at 113.7-116.2 million VND/tael (buy - sell), unchanged from the previous session's close. The price of 9999 gold rings at DOJI is at 114.5-116.5 million VND/tael, unchanged from the previous session's close.
Gold price forecast
Ole Hansen, head of commodity strategy at Saxo Bank, said continued geopolitical uncertainty is likely to continue to support gold prices. The prospect of the Fed delaying rate cuts amid rising energy prices could bolster the value of the dollar.
Concerns about the risk of wider regional conflict in the Middle East have fueled strong demand for gold as investors seek to hedge against risk, according to Bas Kooijman, CEO of investment services firm DHF Capital SA.
Other factors, including uncertainty and the Fed's monetary policy, are likely to keep gold prices near record highs in the near term.
Goldman Sachs predicts strong buying from central banks, along with increased holdings of gold by exchange-traded funds (ETFs) after the Fed cut interest rates, will push gold prices to $3,700 an ounce by the end of 2025 and $4,000 an ounce by mid-2026.
Source: https://vietnamnet.vn/gia-vang-hom-nay-24-6-2025-trung-dong-nong-ruc-vang-sjc-dien-bien-la-2414310.html
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