Gold price June 24: Price list at gold and gemstone companies

Gold jewelry on display at Bao Tin Manh Hai Gold Company. (Photo: Tran Viet/VNA)

World gold prices increased slightly in the trading session on June 23 after news that Iran and Israel reached a ceasefire agreement.

Spot gold prices rose 0.4% to $3,382.42 an ounce at 0:45 a.m. on June 24 (Vietnam time). US gold futures closed up 0.3% to $3,395 an ounce.

Earlier the same day, US President Donald Trump announced that a ceasefire agreement between Israel and Iran had been agreed upon and would officially take effect at 7:00 a.m. Israel time (11:00 a.m. June 24, Vietnam time).

According to Mr. Trump's statement, Iran will immediately end the attacks, while Israel will join the ceasefire 12 hours after the agreement begins.

After 24 hours, both sides are expected to officially declare an end to the 12-day war, a move that has helped immediately ease tensions in the Middle East.

Gold has long been seen as a hedge against inflation and a safe haven in times of uncertainty.

Jeffrey Christian, partner at CPM Group, predicts that gold and silver prices will remain high and could continue to rise if political and economic issues are not resolved. He added that gold prices could reach $3,500 an ounce in the next few months.

Previously, gold price had reached a record of 3,500.05 USD/ounce on April 22.

In Vietnam, in the early morning of June 24, Saigon Jewelry Company listed the price of SJC gold bars at 117.7-119.7 million VND/tael (buy-sell).

Below is the gold price list at some domestic gold and gemstone companies on the morning of June 24:

Gold price at Saigon Jewelry Company Limited (SJC):