Gold price today June 29, 2025: Continues to "plummet"

Gold price today 6/29/2025

At the time of survey at 4:30 a.m. on June 29, 2025, gold prices were listed by some businesses specifically as follows:

The price of SJC gold bars was listed by Saigon Jewelry Company Limited, Bao Tin Minh Chau, DOJI Group and PNJ at 117.2-119.2 million VND/tael (buy - sell), a decrease of 500,000 VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.5-119.2 million VND/tael (buy - sell), gold price decreased by 700,000 VND/tael in buying and decreased by 500,000 VND/tael in selling.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.5-119.2 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200,000 VND/tael for buying and 500,000 VND/tael for selling.

World gold price today June 29, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was at 3,273.4 USD/ounce. Today's gold price increased by 0.28% compared to yesterday. Converted according to the USD exchange rate on the free market (26,380 VND/USD), the world gold price is about 104 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 15 million VND/tael higher than the international gold price.

Diễn biến giá vàng thế giới trong 24h qua. — World gold price developments in the past 24 hours.

World gold prices fell to a four-week low as tensions in the Middle East eased, reducing investment demand for the precious metal.

Jesse Colombo, an independent precious metals analyst and author of the Bubble Bubble report, said investors should prepare for a short-term price decline as the summer trading season begins next week with the long July 4 weekend. Colombo said gold prices will remain in a wide range between $3,200 and $3,500 an ounce. Gold prices fell nearly 3% this week. Despite the decline, the precious metal still held its initial support level of $3,250 an ounce.

Forecasting the trend of world gold prices, according to expert Nitesh Shah of WisdomTree, gold prices have increased very strongly in the past and currently, the world gold market is adjusting back to a more reasonable level after that period of rapid increase.

Some experts from the US Federal Reserve (Fed) such as Neel Kashkari and Thomas Barkin said that the new tariff policies could cause inflation to increase in the coming months. However, if interest rates remain high, gold will become less attractive because it does not pay interest like other assets, such as bonds.

In the coming time, the world gold price movement is forecast to depend mainly on expectations of policy adjustments from the Fed and fluctuations of the USD, rather than short-term geopolitical factors.

Source: https://baohatinh.vn/gia-vang-hom-nay-2962025-tiep-tuc-lao-doc-post290774.html