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Gold price today June 16, 2025: Domestic gold price is 7.64 million VND higher than world price

Quoc DuongDNUM_BGZAGZCACF 04:00

Domestic gold price is 7.64 million VND higher than world gold price. Compared to last week, the gold price difference has decreased by nearly 1 million VND.

Domestic gold price today June 16, 2025

As of 4:30 a.m. on June 16, 2025, the domestic gold bar price is based on the closing price yesterday, June 14. Specifically:

DOJI Group listed the price of SJC gold bars at 117.8-120.3 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. The gold price increased by 2.9 million VND/tael in buying direction - increased by 3.1 million VND/tael in selling direction compared to the beginning of last week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117.8-120.3 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. The gold price increased by 2.9 million VND/tael in buying direction - increased by 3.1 million VND/tael in selling direction compared to the beginning of last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119-120 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 3 million VND/tael for buying and 2.8 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117.8-120.3 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday, the price increased by 2.9 million VND/tael in buying direction - increased by 3.1 million VND/tael in selling direction compared to last week.

SJC gold price in Phu Quy is traded by businesses at 117-120 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions. Gold price increased by 2.5 million VND/tael in buying direction - increased by 2.8 million VND/tael in selling direction compared to the beginning of last week.

Giá vàng hôm nay 16 6 2025

As of 4:30 a.m. on June 16, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115-117 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday; the price increased by 2.5 million VND/tael in both buying and selling directions compared to the beginning of last week.

Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; increased by 3 million VND/tael in both buying and selling directions compared to last week.

The latest gold price list today, June 16, 2025 is as follows:

Gold price today
June 16, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
117.8120.3
--
DOJI Group
117.8
120.3
-
-
Red Eyelashes
119120
--
PNJ
117.8
120.3
--
Bao Tin Minh Chau
117.8
120.3
--
Phu Quy117120
--
1.DOJI- Updated: 6/16/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold priceBuySell
AVPL/SJC HN117,800120,300
AVPL/SJC HCM117,800120,300
AVPL/SJC DN117,800120,300
Raw material 9999 - HN109,500114,000
Raw material 999 - HN109,400113,900
2.PNJ- Updated: 6/16/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
TypeBuySell
HCMC - PNJ114,000116,800
HCMC - SJC117,800120,300
Hanoi - PNJ114,000116,800
Hanoi - SJC117,800120,300
Da Nang - PNJ114,000116,800
Da Nang - SJC117,800120,300
Western Region - PNJ114,000116,800
Western Region - SJC117,800120,300
Jewelry gold price - PNJ114,000116,800
Jewelry gold price - SJC117,800120,300
Jewelry gold price - SoutheastPNJ114,000
Jewelry gold price - SJC117,800120,300
Jewelry gold price - Jewelry gold pricePNJ 999.9 Plain Ring114,000
Jewelry gold price - Kim Bao Gold 999.9114,000116,800
Jewelry gold price - Phuc Loc Tai Gold 999.9114,000116,800
Jewelry gold price - Jewelry gold 999.9113,200115,700
Jewelry gold price - Jewelry gold 999113,080115,580
Jewelry gold price - Jewelry gold 9920112,370114,870
Jewelry gold price - Jewelry gold 99112,140114,640
Jewelry gold price - 750 gold (18K)79,43086,930
Jewelry gold price - 585 gold (14K)60,34067,840
Jewelry gold price - 416 gold (10K)40,78048,280
Jewelry gold price - 916 gold (22K)103,580106,080
Jewelry gold price - 610 gold (14.6K)63,23070,730
Jewelry gold price - 650 gold (15.6K)67,86075,360
Jewelry gold price - 680 gold (16.3K)71,33078,830
Jewelry gold price - 375 gold (9K)36,04043,540
Jewelry gold price - 333 gold (8K)30,83038,330
3.SJC- Updated: 6/16/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG117,800120,300
SJC gold 5 chi117,800120,320
SJC gold 0.5 chi, 1 chi, 2 chi117,800120,330
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi113,700116,200
SJC 99.99% gold ring 0.5 chi, 0.3 chi113,700116,300
Jewelry 99.99%113,700115,600
Jewelry 99%109,955114,455
Jewelry 68%71,86578,765
Jewelry 41.7%41,46048,360

World gold price today June 16, 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 16, Vietnam time, was at 3,433.88 USD/ounce. Today's gold price remained unchanged compared to yesterday but increased by 117.02 USD/ounce compared to the beginning of last week. Converted according to the USD exchange rate at Vietcombank (26,223 VND/USD), the world gold price is about 112.66 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 7.64 million VND/tael higher than the international gold price, down nearly 1 million VND/tael compared to last week.

Gold prices closed last week at a record high, surpassing $3,400 an ounce, thanks to a wave of safe-haven buying as tensions between Israel and Iran escalated. However, many experts are cautious about the possibility of prices continuing to break the peak next week.

"The Israel-Iran conflict could keep gold above $3,400, but it's unlikely to push prices higher without further escalation. History shows that geopolitical rallies are difficult to sustain in the long term," said Ole Hansen, head of commodity strategy at Saxo Bank.

Michele Schneider, market strategist at MarketGauge, warned investors to brace for short-term volatility as traders take profits. However, she said the long-term trend of gold prices remains unchanged. Conflicts can have many consequences, such as higher inflation, so while prices may peak temporarily, I don’t think this is a turning point.

Investors are cautiously waiting after the Israeli airstrike, said Naeem Aslam, chief investment officer at Zaye Capital Markets. He highlighted the importance of oil prices and Iran's response: "If Iran retaliates strongly, especially if it threatens oil supplies through the Strait of Hormuz, gold could explode on hedging demand. On the other hand, if tensions ease, the rally in gold could stall."

However, Mr. Michael Brown from Pepperstone is still optimistic about the long-term prospect of gold price increase: "The latest developments reinforce the role of gold in investment portfolios in the context of uncertainty. I believe gold prices will continue to increase, especially when organizations are diversifying reserves."

After a week of focusing on inflation figures, next week markets will turn their attention to interest rate decisions from central banks and signals on future monetary policy.

The week will start with the Empire State Manufacturing Survey report on Monday, followed by the Bank of Japan’s (BOJ) interest rate decision in the evening. On Tuesday, traders will be closely watching May U.S. retail sales data to gauge whether consumer sentiment is weakening.

Wednesday is a big day for the Federal Reserve, with its monetary policy decision. While markets expect interest rates to remain unchanged, all eyes will be on Chairman Jerome Powell to see if he hints at a possible rate cut in the future. The same day, May housing starts and weekly jobless claims figures are due out early.

U.S. markets will be closed on Thursday for the Juneteenth holiday, but two major central banks, the Swiss National Bank (SNB) and the Bank of England (BOE), will announce monetary policy decisions. The trading week will close with the Philly Fed Manufacturing Survey report on Friday.

Gold Price Forecast

Regarding the short-term outlook, Mr. Peter Grant from Zanier Metals predicted: "If the threshold of 3,400 USD/ounce is surpassed, the gold price next week may encounter some minor resistance at 3,417 USD and 3,431 USD. However, the possibility of setting a new peak is very high if the current upward momentum is maintained."

FxPro senior market analyst Alex Kuptsikevich predicts that gold prices will continue to rise in the coming period. The reasons come from strong buying demand from central banks, a weak USD and increasing geopolitical tensions.

Central banks are buying gold at record levels, Kuptsikevich said. They are expected to buy more than 1,000 tonnes of gold a year in 2022-24, pushing global reserves to 36,000 tonnes by the end of last year – close to the record of 38,000 tonnes in 1965. Gold now accounts for 20% of global reserves, surpassing the euro (16%) and second only to the US dollar (46%).

The second factor supporting gold prices is the weakening US dollar and falling US Treasury yields. US inflation has not increased as much as feared despite tariffs, while the economy has shown signs of slowing. This has led the market to expect the Fed to cut interest rates as early as September, earlier than the previous forecast of October.

Geopolitics cannot be ignored. Gold has proven its safe-haven status by rallying sharply following the latest Middle East tensions. Demand will increase further if the conflict escalates.

Kuptsikevich said $3,400 an ounce would be a key level to watch. If it is successfully broken, gold prices could continue their upward trend. Otherwise, the market could see a short-term correction.

In addition to geopolitical factors, gold prices next week will pay special attention to the US Federal Reserve's monetary policy meeting and Chairman Jerome Powell's speech. This could be a key factor in determining the precious metal's upward momentum in the coming time.

"If the Fed signals more dovishness than expected after the latest inflation report, this could add strength to gold bulls. This scenario could push gold prices above the record $3,500 level, especially if supported by geopolitical factors. On the other hand, if the Fed is cautious and does not hint at a rate cut, gold prices could lose their appeal as investors adjust their expectations," said Lukman Otunuga, senior market analyst at FXTM.

Technically, Otunuga said the daily chart for gold remains bullish, with a high probability of continuing to push the price towards the record high of $3,500 and beyond. Conversely, if it fails to hold that level, the price could fall back to the $3,400 or even $3,360 region.

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Gold price today June 16, 2025: Domestic gold price is 7.64 million VND higher than world price
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