After several days of "stasis", the domestic gold price today, June 13, suddenly "made waves", when the world gold price increased very strongly.
Specifically, according to records at 10:00 a.m. this morning, SJC gold bars were listed by SJC company at 117.7 million VND/tael - buy and 120.2 million VND/tael - sell.
Meanwhile, the gold price listed at DOJI Hanoi and DOJI Saigon is 118.5 million VND/tael - buy, 120.5 million VND/tael - sell. The gold price at Bao Tin Minh Chau is listed at 117.7 million VND - buy, 120.2 million VND/tael - sell.
Similarly, the price of 99.99% gold rings and jewelry gold also increased by 600,000 VND to 113.5 million VND/tael - buy and 116 million VND/tael - sell.
Since the beginning of the week, each tael of SJC gold bars and gold rings has increased by about 3 million VND/tael. Domestic gold prices have also increased to the highest level in the past 3 weeks.
World gold price
On the world market, at the end of the trading session on June 12, the world spot gold price increased by 1%, reaching 3,384 USD/ounce. On the morning of June 13 (Vietnam time), the world gold price suddenly increased by more than 40 USD compared to the beginning of the session, surpassing the threshold of 3,430 USD/ounce.
This is also the fourth consecutive increase in gold, extending the strong recovery momentum in the context of global market fluctuations.
"Gold is trending to break out. If it breaks above $3,400, the precious metal may face some resistance at $3,417 and $3,431, but the prospect of conquering a new record high is very clear," said Peter Grant, vice president and senior strategist at Zanier Metals, recently.
Gold prices continued to rise amid geopolitical tensions in the Middle East and persistent trade uncertainty.
President Trump announced an interim trade deal with China after two days of talks in London, a sign of a possible easing of long-standing trade tensions between the world's two largest economies.
Under the framework agreement, both countries agreed to ease export controls on strategic materials. China lifted restrictions on rare earth exports and the US eased restrictions on semiconductor exports.
In addition, the US Department of Labor announced that the producer price index (PPI) increased by 0.1% in May. The latest inflation data was lower than expected, economists forecast a 0.2% increase.
Looking ahead, any escalation in Middle East tensions or further deterioration in trade talks could provide further support for gold prices, said Gary Wagner, technical market analyst and regular contributor to Stock & Commonities Magazine.
Conversely, a resolution of diplomatic tensions or clarification of trade policy could ease some of the safe-haven demand currently supporting the precious metals market.
Gold is considered a safe haven asset during times of high inflation and geopolitical instability. In addition, when interest rates are low, gold attracts investors because it does not lose its advantage compared to other profitable channels.
In 2024 alone, gold prices increased by more than 30%, contributing significantly to increasing the proportion of gold in global reserves. Since the beginning of 2025, gold prices have continued to climb by 27%, reaching a historic threshold of $3,500/ounce.
Gold is set to overtake the euro as the world's second-largest reserve asset by 2024, behind only the US dollar, according to a report from the European Central Bank (ECB) on June 11. The precious metal's surge comes on the back of record central bank purchases and a strong rally in gold prices.
Data from the ECB shows that gold will account for 20% of total global official foreign exchange reserves in 2024, compared with 16% for the euro.
(According to VTV)
Source: https://baoyenbai.com.vn/12/351692/Gia-vang-vuot-moc-120-trieu-dongluong.aspx
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