Gold price today June 13, 2025: Domestic gold price is 8 million VND higher than world gold price

Domestic gold price today June 13, 2025

As of 4:30 a.m. on June 13, 2025, the domestic gold bar price is based on the closing price yesterday, June 12. Specifically:

DOJI Group listed the price of SJC gold bars at 117-119 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117-119 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 117.5-119 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying and 200 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117-119 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.3-119 million VND/tael (buy - sell), gold price increased 300 thousand VND/tael in buying direction - increased 200 thousand VND/tael in selling direction.

As of 4:30 a.m. on June 13, 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 increased by 500,000 VND/tael in both buying directions - unchanged in selling direction compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115-118 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, June 13, 2025 is as follows:

World gold price today June 13, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. on June 13, Vietnam time, was 3,387.42 USD/ounce. Today's gold price increased by 56.65 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,210 VND/USD), the world gold price is about 111 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 8 million VND/tael higher than the international gold price.

World gold prices continued to rise, reaching their highest level since June 5 thanks to geopolitical tensions in the Middle East and weaker-than-expected US economic data, raising expectations that the Federal Reserve (Fed) will soon cut interest rates.

Specifically, spot gold prices increased by 1.7%, while gold futures prices in the US increased sharply by 1.8%, to 3,404.6 USD/ounce.

According to expert Peter Grant from Zanier Metals, the price of gold increased due to the increased geopolitical risks. He predicted that if the price exceeds the threshold of 3,400 USD, the possibility of gold price continuing to set a new record is high.

US President Donald Trump warned that the Middle East is a dangerous place and is withdrawing personnel from it. Meanwhile, Iran's defense minister said the country would attack US bases if provoked. These developments have caused investors to rush to buy gold as a safe haven.

On the other hand, gold prices are showing positive developments after data showed that the producer price index (PPI) rose only 0.1% in May, lower than the 0.2% forecast by economists. This reinforced expectations that the Fed will cut interest rates in September, and possibly even cut again in October.

Gold prices are approaching an important resistance level around $3,400/ounce amid signs of weakness in the US labor market. According to the US Department of Labor, the number of unemployment claims for the week ending June 7 remained at 248,000, higher than the 242,000 forecast by analysts. This is the highest level since early October 2023.

Silver edged down 0.2% to $36.14 an ounce after hitting its highest since 2012 earlier in the week. Platinum held steady at $1,256.16, maintaining its highest level in more than four years, while palladium fell 3.1% to $1,046.50.

Gold price forecast

According to Ole Hansen, an expert from Saxo Bank, the price of gold is currently stuck at the threshold of 3,400 USD/ounce. In the short term, the main factors affecting the price of gold include geopolitical tensions in the Middle East, fluctuations in the USD and speculation about when the Fed will cut interest rates next.

Gold prices are experiencing unpredictable fluctuations as they stand at record highs. Since the beginning of the year, gold prices have increased by about 25%, an impressive increase. However, despite the world continuously witnessing instability from conflicts in Ukraine, the Middle East to the chaotic situation in the US, gold prices still cannot surpass the threshold of 3,400 USD.

Quant Mutual Fund recently warned that gold prices could fall sharply by 12-15% in the next two months. If this happens, the world gold price could fall to $2,840/ounce (equivalent to about VND90.5 million/tael).

In the domestic market, if the State Bank allows businesses and banks to import raw gold to produce gold bars, the gap between domestic and world gold prices can be narrowed.

In case the world gold price drops to 2,840 USD/ounce as forecast, the domestic price of SJC gold bars and gold rings is likely to fall below the threshold of 100 million VND/tael.

Despite the forecasts of a short-term correction, many major financial institutions remain optimistic about gold's long-term prospects. Goldman Sachs predicts gold prices could reach $3,700 an ounce by the end of 2025, while JP Morgan has made a similar forecast.

Bank of America (BofA) even believes that gold could surpass $4,000/ounce by early 2026, equivalent to a 10-15% increase over the next year or so. Wells Fargo predicts that gold prices could reach $3,600/ounce, but not until late 2026.