Gold price this afternoon, June 8, 2025, domestic gold price decreased sharply, the gap with world gold increased to 8.64 million

Domestic gold price today June 8, 2025

As of 12:30 on June 8, 2025, the domestic gold bar price closed the week with a sharp decrease. Specifically:

The price of SJC gold bars was listed by DOJI Group at 114.9-117.2 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. The closing price of gold this week decreased by 800 thousand VND/tael for buying - decreased by 1 million VND/tael for selling compared to last week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 114.9-117.2 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday but decreased by 800 thousand VND/tael for buying - decreased by 1 million VND/tael for selling compared to last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116-117.2 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 increased by 300 thousand VND/tael for buying and increased by 200 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 114.9-117.2 million VND/tael (buying - selling), the price remained unchanged in both buying and selling directions compared to yesterday. Compared to last week, the gold price decreased by 800 thousand VND/tael for buying - decreased by 1 million VND/tael for selling.

SJC gold price in Phu Quy is traded by businesses at 114.5-117.2 million VND/tael (buying - selling), gold price is unchanged in both buying and selling directions compared to yesterday; gold price decreased 500 thousand VND/tael in buying direction - decreased 1 million VND/tael in selling direction compared to last week.

As of the afternoon of June 8, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 112.5-114.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday; increased by 1.5 million VND/tael for buying - increased by 1 million VND/tael for selling compared to last week.

Bao Tin Minh Chau listed the price of gold rings at 113-116 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; unchanged in both buying and selling directions compared to last week.

The latest gold price list today, June 8, 2025 is as follows:

World gold price today June 8, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 12:30 on June 8, Vietnam time, was 3,311.04 USD/ounce. Today's gold price is unchanged from yesterday. The week ended with a slight increase of 19.05 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (26,220 VND/USD), the world gold price is about 108.56 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 8.64 million VND/tael higher than the international gold price.

Over the past week, the world gold price fluctuated strongly between 3,300 and 3,400 USD/ounce, but after all, the market seemed to return to the starting point with an increase of only 0.58% for the whole week. Investors bought and sold many times in short waves, but the gold price still could not escape the familiar range.

Spot gold opened the week at around $3,307 an ounce. There was little initial resistance, and after a brief retest of support around $3,300, it quickly surged higher in Asian and European trading. By the time North American markets opened, prices had shot up to $3,366 an ounce.

Gold hit a weekly high of $3,390 an ounce on Monday evening, but prices began to fall and by Tuesday morning had fallen below $3,340. The next two days saw the market trade in a narrow range of around $40, although there were occasional sudden fluctuations.

By early Thursday morning US time, the price of gold had risen above $3,380 and set a new peak for the week at $3,403/ounce. But then, due to lack of new buying pressure, many investors took advantage of the situation to take profits, causing the price to quickly fall back to $3,345 in just a few hours.

Since then, gold prices have been on a slow and steady uptrend, reaching $3,374 early Friday morning. However, when the US market opened, gold failed to hold the $3,350 support level, and prices fell rapidly to $3,324 an ounce.

At the end of the week, gold prices almost returned to the starting point, but investors can still rest assured as the support level of 3,300 USD has not been broken significantly.

After a week dominated by jobs data, the focus next week will shift to inflation indicators, with the most notable being the US Consumer Price Index (CPI) report for May due on Wednesday, which is one of the key factors influencing the US Federal Reserve's decision to adjust interest rates.

Then on Thursday, the market will continue to monitor the Producer Price Index (PPI) and weekly jobless claims. On Friday, the University of Michigan's preliminary consumer confidence survey will be released, an important indicator because inflation expectations in the survey have risen sharply in the past two months.

Gold price forecast

In the latest Kitco News survey on gold price trends, industry experts are clearly divided: one side is optimistic, the other is cautious. However, individual investors tend to be more optimistic after gold prices held important support levels.

Of the 14 experts surveyed, 7 (50%) predicted that gold prices would rise next week, while 6 (43%) said they would fall. Only 1 (7%) said gold prices would remain flat, meaning neither a significant increase nor a significant decrease.

On the other hand, individual investors are more optimistic. Of the 256 people who participated in Kitco’s online poll, 169 (66%) predicted gold prices would rise. Only 39 (15%) thought prices would fall, while 48 (19%) thought the market would continue to move sideways in the coming days.

Marc Chandler, CEO of Bannockburn Global Forex, said that gold prices could face selling pressure next week. According to him, the US dollar is strengthening due to positive employment data and expectations that the upcoming CPI will also be high. He said that gold has approached the $3,400 level but has not been able to break through, so prices could fall back to $3,300.

Adam Button, head of currency strategy at Forexlive.com, predicts gold prices could fall. He says the White House is pushing for trade deals, and since gold is now seen as a proxy for trade tensions, selling could follow when deals are signed.

However, some other experts remain optimistic. Mr. Darin Newsom, senior analyst at Barchart.com, believes that despite the possibility of short-term corrections, gold will still serve as a safe haven asset for central banks and long-term investors.

Meanwhile, veteran expert Jim Wyckoff from Kitco said that gold prices could still be supported by safe-haven demand, especially in the context of weak market risk sentiment and technical charts showing that the uptrend has not been broken.

According to FXTM analyst Lukman Otunuga, if gold remains below $3,400, the bears are still in control. If the price falls below $3,360, a further drop to $3,300 or even $3,000 is possible. On the other hand, if the bulls want to regain the initiative, they need to push the price back above $3,360 and beyond to $3,400.