Domestic gold prices fall sharply.
At 9:52 AM, Saigon Jewelry Company (SJC) listed the buying price of gold at 144.8 million VND/ounce; the selling price was 147.8 million VND/ounce, a decrease of 4 million VND/ounce in the buying price and a decrease of 3.5 million VND/ounce in the selling price compared to the closing price of the trading session on June 18th. The difference between the buying and selling price of SJC gold was 3 million VND/ounce.
At the same time, the price of gold at DOJI Group is listed at 144.8 - 147.8 million VND/ounce for buying and selling, a decrease of 2.5 million VND/ounce in both buying and selling prices compared to the closing price of the trading session on June 18th. The difference between the buying and selling price of DOJI gold is currently 3 million VND/ounce.
On the morning of June 19th, SJC listed the price of gold rings at 144.7 - 147.7 million VND/ounce (buy - sell), a decrease of 4 million VND/ounce in the buying price and 3.5 million VND/ounce in the selling price. At the same time, Doji listed the price of gold rings at 144.8 - 147.8 million VND/ounce, a decrease of 2.5 million VND/ounce in both the buying and selling prices compared to the end of the afternoon on June 18th.

Gold prices fall sharply - Illustration image
Gold prices plummet as the US dollar strengthens.
Global gold prices declined on June 18th, pressured by the US Federal Reserve's hawkish stance and a strengthening US dollar. However, the ceasefire agreement between the US and Iran, which eased inflation concerns and pushed oil prices down, somewhat limited the precious metal's decline.
At 0:30 AM on June 19th (Vietnam time), the spot gold price fell 0.8%, to $4,225.39 per ounce. Earlier in the week, gold prices had touched their lowest level since November 2025. Meanwhile, US gold futures closed sharply down 3.1%, to $4,245.9 per ounce.
Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals, believes the biggest factor impacting the market was the hawkish signal from the Federal Reserve (Fed) at its policy meeting the previous day. This pushed the US dollar to a new high this year, thereby putting pressure on gold prices.
The Fed kept interest rates unchanged at its meeting concluding on June 17, but nine of the bank's 19 policymakers believe that at least one more rate hike is needed before the end of the year. Following the Fed's policy announcement, the US dollar continued to appreciate, reaching a one-year high on June 18. The stronger dollar makes gold more expensive for buyers holding other currencies.
According to the CME FedWatch tool, the market currently assesses the probability of the Fed raising interest rates in December 2026 at 85%, significantly higher than the 61% level before the Fed announced its policy decision.
Gold is a non-yielding asset, so it is often at a disadvantage in a high-interest-rate environment. Gold prices have been under pressure since the outbreak of conflict in the Middle East, as rising energy costs have raised concerns about inflation.
On June 17, the US and Iran released the text of a provisional agreement signed by the leaders of the two countries to end the conflict between them. However, US President Donald Trump warned that the US could resume attacks and target Iranian officials if Iran does not fulfill its commitments under the agreement.
Source: https://vtv.vn/moi-luong-vang-giam-4-trieu-dong-100260619095840742.htm








