Gold price today unexpectedly increased, forecast to escalate again

On the afternoon of June 6, the price of SJC gold increased sharply, each tael of SJC gold sold increased by 600,000 VND/tael for buying and 300,000 VND/tael for selling compared to the closing price on the afternoon of June 5.

Gold prices increase sharply

Gold price today, SJC gold bar price on the afternoon of June 6 was adjusted up by businesses.

At 4:00 p.m. on June 6, Saigon Jewelry Company Limited - SJC listed the price of SJC gold bars at 116 - 118 million VND/tael for buying and selling.

Bao Tin Minh Chau is trading SJC gold price at 116 - 118 million VND/tael.

Compared to the early morning of the same day, the price of SJC gold was adjusted by businesses to increase by 600,000 VND for buying and 300,000 VND for selling.

Compared to the closing price on June 5, SJC gold price increased by 600,000 VND/tael for buying and increased by 300,000 VND/tael for selling.

This afternoon, SJC gold prices increased simultaneously. Photo: Huy Hoang

At the same time, establishments also adjusted the price of gold rings sharply. Saigon Jewelry Company Limited - SJC bought and sold gold rings at around 112 - 114 million VND/tael.

Bao Tin Minh Chau bought gold rings at 113.5 million VND/tael and sold at 116.5 million VND/tael. The price remained the same as early morning of the same day.

Thus, by the end of this afternoon (June 6), the price of SJC gold bars increased simultaneously and traded at the highest level of 118 million VND/tael for sale. DOJI gold alone remained the same price as yesterday in both directions and traded at nearly 118 million VND/tael for sale.

The spot gold price on the world market at 4:00 p.m. on June 6 stood at $3,358 per ounce, up $9 from the previous session. Although this price is lower than the $3,370 per ounce at noon on June 6, it is still at a very high level.

It is known that the world's prices are continuously anchored high due to investors' demand for safe-haven assets in the context of unsatisfactory US employment data, a weakening USD and increasing tariff threats.

However, experts say that gold prices will still maintain an upward trend in the long term, as the world's central banks will buy about 1,000 tons of gold in 2025 - the fourth consecutive year, to diversify reserves and reduce dependence on the USD. Investors are now waiting for the US non -farm payrolls (NFP) report released on Friday, which will play an important role in determining the next trend of gold prices.

Gold price index increased by 35.37%

The socio-economic report for May released by the General Statistics Office (Ministry of Finance) on the morning of June 6 said that domestic gold prices fluctuated in the same direction as world gold prices.

As of May 28, the average world gold price was at $3,305.71/ounce, up 2.66% compared to April 2025. The reasons cited were global political instability and concerns about the escalating trade war between the US and China, causing investors to seek gold as a safe haven asset.

In the domestic market, the gold price index in May increased by 10.47% compared to the previous month; increased by 45.95% compared to the same period last year and increased by 35.25% compared to December 2024. On average, in the first 5 months of the year, the gold price index increased by 35.37%.

Given the unpredictable fluctuations in domestic and international gold prices, Bao Tin Minh Chau experts advise investors and people to consider carefully before investing, buying gold or selling for profit; and to regularly monitor gold prices on official channels to make the most informed decisions.

The spot gold price on the world market at 4:00 p.m. on June 6 stood at $3,358 per ounce, up $9 from the previous session. Although this price is lower than the $3,370 per ounce at noon on June 6, it is still at a very high level.

Hoang Giang

Source: https://congthuong.vn/gia-vang-hom-nay-tang-bat-ngo-du-bao-lai-leo-thang-391181.html