Gold price this afternoon June 29, 2025: Loss of 2.5 million VND/tael after 1 week

Domestic gold price today June 29, 2025

As of 2:30 p.m. on June 29, 2025, the domestic gold bar price decreased by half a million VND compared to yesterday. Specifically:

The price of SJC gold bars listed by DOJI Group is at 117.2-119.2 million VND/tael (buy - sell), the price remains unchanged compared to yesterday but decreased by 500 thousand VND/tael in both buying and selling directions compared to last week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117.2-119.2 million VND/tael (buy - sell), a decrease of 500 thousand VND/tael in both buying and selling directions compared to last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.5-119.2 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions. Compared to last week, the gold price decreased by 200 thousand VND/tael for buying and decreased by 500 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by the enterprise at 117.2-119.2 million VND/tael (buy - sell), the price decreased by 500 thousand VND/tael in both buying and selling directions compared to last week.

SJC gold price at Phu Quy is traded by businesses at 116.5-119.2 million VND/tael (buy - sell), gold price decreased 500 thousand VND/tael in both buying and selling directions compared to last week.

As of the afternoon of June 29, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 114-116 million VND/tael (buy - sell); the price decreased by 500 thousand VND/tael in both buying and selling directions compared to last week.

Bao Tin Minh Chau listed the price of gold rings at 114.1-117.1 million VND/tael (buy - sell); the price decreased by 400 thousand VND/tael in both buying and selling directions compared to last week.

The latest gold price list today, June 29, 2025 is as follows:

World gold price today June 29, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 2:30 p.m. on June 29, Vietnam time, was 3,273.4 USD/ounce. Today's gold price remained unchanged from yesterday but decreased by 106.9 USD compared to last week. Converted according to the USD exchange rate at Vietcombank (26,270 VND/USD), the world gold price is about 107.08 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.12 million VND/tael higher than the international gold price.

As of now, the world gold price is trading around 3273.4 USD/ounce, down nearly 100 USD/ounce this week. The divergence in experts' forecasts reflects the market context with many intertwined factors, from geopolitics to monetary policy, making the gold price outlook more unpredictable than ever.

It is worth noting that gold prices fell despite a number of factors that typically favor the metal. This divergence suggests that the market is changing dramatically. Typically, when there is geopolitical conflict or rising inflation, gold is sought after as a safe haven. However, this time, gold prices did not rise despite the easing of tensions between Israel and Iran, leading many to believe that the market is becoming less concerned about risk factors.

Geopolitical and tariff factors are losing their impact on gold prices, while expectations of a Fed rate cut and concerns about the independence of the US central bank are rising, said Daniel Pavilonis, senior commodities broker at RJO Futures.

According to him, if the upcoming trade agreements are signed, geopolitical risks will decrease sharply, causing the demand for gold, which has been increasing strongly in the past few months, to also cool down. He also predicted that oil prices may decrease in the near future.

Although he still believes that gold will continue to rise in the long term, he admitted that in the past two months, gold buying power has weakened significantly. Instead, many investors are taking profits and switching to other metals such as platinum, palladium, and especially silver.

The expert said the market is becoming more risk-on, causing both gold and the US dollar to weaken. According to him, in the past, money flowing into or out of the US dollar was similar to buying and selling gold as a safe haven. However, now that things have become more stable, the demand for gold and the US dollar has also decreased.

Regarding former President Trump's latest comments about Fed Chairman Powell, Pavilonis said they have little impact on gold or the US dollar. "It's just politics. I don't think it has any real significance," he said. Even though Powell's term is coming to an end, Pavilonis believes the Fed will still cut interest rates later this year.

What’s more important, Pavilonis says, is to watch the yield curve and inflation. The Fed can decide what interest rates are, but the market will react to what it believes. If inflation stays high, yields will rise; if not, they will fall. Right now, yields are flat, so borrowing at lower rates is important.

After a week focused on US consumer sentiment, next week (the US Independence Day holiday) the market will turn its attention to the employment report along with the manufacturing and service sectors. Specifically, Tuesday will see the ISM manufacturing PMI and the number of open jobs (JOLTS). Wednesday will see the ADP non-farm payrolls report. Notably, Thursday will see the national non-farm payrolls report (Nonfarm Payrolls) released a day earlier than usual, along with weekly unemployment claims data and the ISM services PMI index.

Gold Price Forecast

According to experts, gold prices are showing clear signs of weakness in the short term. Alex Kuptsikevich, senior market analyst at FxPro, predicts that gold prices are likely to continue falling next week after breaking the important support level at $3,324/ounce and struggling to stay above $3,300. The fact that gold prices have repeatedly failed to surpass the $3,500 threshold further reinforces the prospect of temporary price declines.

Michael Moor, founder of Moor Analytics, provided a more detailed analysis of key technical levels. He said that gold’s failure to hold above several key levels is a warning sign of downside pressure, but also noted that the current decline may be nearing a bottom. Key levels such as $3,258.40 per ounce will need to be closely watched to determine whether the decline will continue.

Precious metals analyst Jesse Colombo said investors should prepare for lower prices in the short term as the market enters the summer trading season and the extended July 4 holiday. Colombo forecasts gold prices will fluctuate in a wide range of $3,200 to $3,500 an ounce.

'With the US and China finalising a trade framework and the Israel-Iran ceasefire, investors are returning to risk assets rather than safe havens. This improved market sentiment could see gold prices fall further ahead of a busy week for global markets,' said FXTM senior market analyst Lukman Otunuga.

Some experts have also pointed out that gold is not only an attractive monetary asset in the context of rising global government debt, but also a hedge against the weakening purchasing power of the US dollar. The US dollar index ended the week near a three-year low, testing new support at 97.

Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, said as the US dollar continued to weaken: 'Most investors are bearish on the US dollar index and are expecting a rate cut. Now, if you look at gold, it is clear that any further decline is a buying opportunity.'

Robert Minter, director of ETF strategy at abrdn, also expects gold prices to continue to correct as the Fed maintains a neutral monetary policy. After two days of testimony before Congress, Fed Chairman Jerome Powell once again affirmed that the central bank is in no rush to cut interest rates because inflation risks remain unclear.

However, not all experts are pessimistic. Commerzbank's analysis team remains positive. Although gold prices have fallen, the weakening of the US dollar and expectations of a Fed rate cut will limit the decline. If the US labor market in June shows signs of weakness, creating the basis for further rate cuts, this will support gold prices to rise again.

Marc Chandler, CEO of Bannockburn Global Forex, said gold prices could rise next week: 'We are entering a volatile weekend. Gold prices may face selling pressure in the short term, but will continue to be supported by long-term buying regardless of price.'