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

Today's gold price (afternoon of June 11th) shows that gold bars from DOJI Gold and Gemstone Group have surged by 800,000 VND/ounce in both buying and selling prices compared to yesterday.

Meanwhile, gold prices of other brands also increased slightly from 200,000 to 300,000 VND/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 116.8 million VND/tael and sold at 118.8 million VND/tael, an increase of 300,000 VND/tael in both buying and selling compared to yesterday.

The domestic price of SJC gold bars has 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, CEO at Capitalight Research, said that gold may have a hard time reaching new highs as the US economy and labor market remain quite resilient.

Schieven noted that a major factor holding back gold prices is the US 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 expansion of the central bank's balance sheet will also support gold. "We may not see a rate cut by the Fed this year, but don't forget that they have a lot of backdoor policies. They can easily start expanding their balance sheet again and buy the long-term part of the bond market. I think any kind of easing from them in the next few months will 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 a new record high 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 US 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