Gold price today (afternoon of June 11): DOJI gold bars skyrocket

Gold price today (afternoon of June 11) recorded that gold bars of DOJI Gold and Gemstone Group increased by 800,000 VND/tael in both buying and selling directions compared to yesterday.

Meanwhile, gold prices of other brands also increased slightly from VND200,000 to VND300,000/tael compared to yesterday. As of the afternoon of June 11, SJC gold of Saigon Jewelry Company (SJC) and Bao Tin Minh Chau was bought at VND116.8 million/tael and sold at VND118.8 million/tael, an increase of VND300,000/tael in both buying and selling compared to yesterday.

The price of SJC gold bars in the country skyrocketed, with the highest level reaching 800,000 VND/tael. Photo: vietnamnet.vn

Meanwhile, Phu Quy Gold and Gemstone Group bought SJC gold bars at 116 million VND/tael, an increase of 200,000 VND/tael; sold at 118.8 million VND/tael, an increase of 300,000 VND/tael compared to yesterday.

PNJ brand gold rings in Hanoi and Ho Chi Minh City are being bought at 112 million VND/tael; sold at 114.8 million VND/tael, stable in both directions compared to yesterday.

Thus, in the past month (from May 11 to June 11), Domestic gold prices continued to decline but remained at a high level. SJC gold prices decreased by 3.2 million VND/tael in both buying and selling directions. Specifically, SJC gold buying price decreased from 120 million VND/tael to 116.8 million VND/tael; selling price decreased from 122 million VND/tael to 118.8 million VND/tael.

On the international market, the world gold price on the morning of June 11 was trading at 3,341.23 USD/ounce, up 0.56% in the past 24 hours, equivalent to an increase of 18.76 USD/ounce.

In a recent interview with Kitco News, Chantelle Schieven, managing director at Capitalight Research, said that gold may have a hard time reaching new highs as the U.S. economy and labor market remain quite resilient.

Schieven noted that a major factor holding back gold prices is the Federal Reserve’s neutral stance on monetary policy. However, Schieven stressed that gold does not necessarily need the Fed to cut interest rates to move higher. The central bank’s balance sheet expansion would also support gold. “We may not see a Fed rate cut this year, but don’t forget that they have a lot of backdoor policies. They could easily start expanding their balance sheet again and buy the long side of the bond market. I think any kind of easing from them in the next few months would be a good sign for gold,” Schieven said.

Meanwhile, Wells Fargo’s mid-2025 outlook notes that gold will benefit from ongoing geopolitical conflict and persistent economic uncertainty, with prices expected to hit new record highs in 2026. “We believe that the correction in physical commodity prices has created attractive opportunities to position for an improved economic environment later this year and into 2026. We expect improved U.S. economic conditions in late 2025 to drive demand growth for commodities, particularly in more cyclically sensitive sectors,” the report said.

Source: https://baolangson.vn/gia-vang-hom-nay-chieu-11-6-vang-mieng-cua-doji-tang-vot-5049683.html