Gold price this afternoon, June 28, 2025: Dropped another half million VND.

Domestic gold prices today, June 28, 2025

As of 2:30 PM on June 28, 2025, the price of domestic gold bars decreased by half a million dong compared to yesterday. Specifically:

DOJI Group listed SJC gold bars at 117.2-119.2 million VND/ounce (buying price - selling price), a decrease of 500,000 VND/ounce in both buying and selling prices compared to yesterday.

At the same time, the price of SJC gold bars, as listed by Saigon Jewelry Company Limited (SJC), was 117.2-119.2 million VND/ounce (buying price - selling price), a decrease of 500,000 VND/ounce in both buying and selling prices compared to yesterday.

Meanwhile, at Mi Hong Gold and Gemstone Company, the listed price of SJC gold at the time of the survey was 118.5-119.2 million VND/ounce for buying and selling. Compared to yesterday, the price decreased by 200,000 VND/ounce for buying and 500,000 VND/ounce for selling.

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is being traded at 117.2-119.2 million VND/ounce (buying price - selling price), a decrease of 500,000 VND/ounce in both buying and selling prices compared to yesterday.

At Phu Quy, SJC gold prices are being traded at 116.5-119.2 million VND/ounce (buying price - selling price), a decrease of 700,000 VND/ounce in the buying price and 500,000 VND/ounce in the selling price.

As of the afternoon of June 28, 2025, the price of 9999 Hung Thinh Vuong gold rings at DOJI was listed at 114-116 million VND/ounce (buying price - selling price); a decrease of 500,000 VND/ounce in both buying and selling prices compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.1-117.1 million VND/ounce (buying price - selling price); the price decreased by 400,000 VND/ounce in both buying and selling directions compared to yesterday.

The latest gold price list for today, June 28, 2025, is as follows:

World gold price today, June 28, 2025, and chart of world gold price fluctuations over the past 24 hours.

According to Kitco, the spot price of gold in the world market at 2:30 PM on June 28th (Vietnam time) was $3273.4 USD/ounce. Today's gold price decreased by $44.57 USD/ounce compared to yesterday. Converted using the USD exchange rate at Vietcombank (26,270 VND/USD), the world gold price is approximately 107.08 million VND/ounce (excluding taxes and fees). Therefore, the price of SJC gold bars is currently 12.12 million VND/ounce higher than the international gold price.

Global gold prices fell to their lowest level in four weeks as tensions in the Middle East eased, reducing investment demand for the precious metal. Specifically, the August gold contract fell $61.7 to $3,286.3 per ounce, while the July silver contract lost $0.796 to $35.795 per ounce.

Asian and European stocks moved in opposite directions but showed a slight upward trend. The US market is forecast to open higher today, with the Nasdaq and S&P 500 having just hit record highs. The stable geopolitical situation has improved investor sentiment.

The Trump administration announced that the US and China have officially signed a trade agreement, ending months of negotiations. While details remain unclear, the news has been positively received by investors.

According to David Morrison (Trade Nation), the signing is a positive signal for global trade, although the timeline for implementation remains unclear. He believes that the White House spokesperson's statement about extending tariffs with trading partners helped reassure the markets.

The USD edged higher after hitting a 3.5-year low. Nymex crude oil traded around $65.50 a barrel. The yield on 10-year US Treasury bonds is currently at 4.27%.

Gold buyers for August delivery still hold the short-term advantage but are weakening. The next upside target is to break above the $3,400/ounce resistance level, while sellers are looking to push prices below $3,200/ounce. Nearest resistance levels are $3,300 and $3,341.4/ounce; support is at $3,269.1 and $3,250/ounce.

Gold price forecast

Selling pressure emerged after the US and China signed a trade agreement, reducing demand for safe-haven assets. In the Middle East, the ceasefire between Iran and Israel remained in place despite some minor tensions.

US consumer spending unexpectedly declined in May due to cooling demand. Inflation remained stable, with the PCE index rising 2.7%. This data reinforces predictions that the Fed will begin cutting interest rates in September, a factor that typically supports gold prices because the metal does not yield interest.

Jesse Colombo, a precious metals analyst, warns investors to prepare for a price drop as the market enters a less active trading season.

Lukman Otunuga (FXTM) commented: "The US-China agreement and stability in the Middle East are driving money into riskier assets, putting downward pressure on gold next week."

Easing geopolitical conditions have improved investor sentiment, encouraging capital to flow out of gold and into higher-yielding assets such as stocks and commodities on the exchange.