Gold price today June 20, 2025: The gap between domestic and world gold prices increased to 8 million VND

Domestic gold price today June 20, 2025

As of 4:30 a.m. on June 20, 2025, the domestic gold bar price is based on the closing price yesterday, June 19. Specifically:

DOJI Group listed the price of SJC gold bars at 117.4-119.4 million VND/tael (buy - sell), a decrease 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 117.4-119.4 million VND/tael (buy - sell), a decrease 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 118.4-119.4 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased slightly by 100 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 117.4-119.4 million VND/tael (buy - sell), a decrease of 200 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.8-119.4 million VND/tael (buy - sell), gold price decreased 200 thousand VND/tael in both buying and selling directions.

As of 4:30 a.m. on June 20, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 114.5-116.5 million VND/tael (buy - sell); the price decreased by 500,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.6-117.6 million VND/tael (buy - sell); down 200 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, June 20, 2025 is as follows:

World gold price today June 20, 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 20, Vietnam time, was 3,368.67 USD/ounce. Today's gold price decreased by 14.85 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,276 VND/USD), the world gold price is about 111.38 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 8.02 million VND/tael higher than the international gold price.

Gold prices continued to fall today, despite escalating tensions between Israel and Iran, causing concern among many investors. According to analysts, instability in the Middle East often drives demand for safe assets such as gold. However, the latest developments from the US Federal Reserve (FED) and the cautious sentiment of the global financial market are creating mixed impacts on the trend of this precious metal.

Fawad Razaqzada, market analyst at City Index and FOREX.com, said the market is seeing safe-haven flows into gold amid rising conflict in the Middle East, a common reaction to major geopolitical uncertainty. At the same time, global stock markets are also falling, which is helping to support gold, at least in the short term.

Reports from Israel that it attacked Iran’s only nuclear power plant near the Persian Gulf are raising concerns about a serious escalation in the regional conflict. These developments could draw strong reactions from countries in the region and affect many markets around the world, especially the commodity and energy markets.

In another notable move, the US Federal Reserve (FED) just decided to keep the current interest rate at the meeting on Wednesday. Although the agency still plans to reduce a total of 0.5 percentage points this year, the pace of cuts may slow down due to the economic context facing more challenges than expected. FED Chairman Jerome Powell also warned that inflation remains a big risk, especially when new import tariffs are about to take effect, which could cause prices to rise again.

Gold has long been considered a safe haven asset during times of geopolitical uncertainty or when the economy shows signs of weakness. In addition, gold also tends to increase in price when interest rates are low, because the opportunity cost of holding non-yielding gold becomes lower. However, the fact that the FED has not been as open to reducing interest rates as expected is putting pressure on gold prices to adjust in the short term.

Meanwhile, other precious metals markets also recorded notable developments. Platinum fell 2.5% to $1,289.71 an ounce after hitting its highest level since September 2014 in the same session. Experts said that platinum prices are being supported by increased import demand from China, tight supply and higher platinum rental rates. In addition, the high gold price has also caused some investors and consumers to turn to platinum as a more cost-effective alternative.

Tim Waterer, Head of Analysis at KCM Trade, said that the supply and demand factors in the platinum market still show that there is quite a clear room for price increases in the coming time. For other metals, palladium prices fell slightly by 1.1% to $1,036.74/ounce, while silver fell by 1.2% and traded around $36.31/ounce.

Gold price forecast

Gold prices fell slightly after the Federal Open Market Committee (FOMC) announced its decision to keep interest rates unchanged as expected. However, the FOMC statement also showed that inflation remains a concern. The market did not react strongly to this information and is now focusing on the upcoming press conference of the Chairman of the US Federal Reserve (Fed), Mr. Jerome Powell.

Despite tensions between Israel and Iran that threaten to drag the US into the conflict, investors remain relatively calm, according to David Morrison of Trade Nation. He believes investors are betting on a short and intense war that will bring more stability to the Middle East.

Meanwhile, experts at Bank of America predict that gold prices could reach $4,000/ounce within the next 12 months. This assessment is based on concerns about the US government's growing budget deficit. Factors such as fluctuating interest rates and a weakening USD will help support gold prices, especially when the US Treasury or the Fed is forced to act to stabilize financial markets.

Analysts note that while war and conflict are not sustainable drivers of gold prices, in the current climate, geopolitical risks and fiscal imbalances could create conditions for gold to surge in the near term.

The Fed's decision to keep interest rates unchanged also shows that the US economy is facing many challenges. GDP growth is forecast to reach only 1.4% while inflation remains high at around 3%, putting the Fed in a position of having to balance between curbing inflation and supporting growth.

In addition, recent economic indicators such as rising long-term unemployment and weak personal consumption suggest that if the economy continues to deteriorate, the Fed may have to change its stance. While the 'dot plot' still leaves open the possibility of a rate cut by the end of 2025, the exact timing will depend on the actual developments in inflation and the job market.

Chairman Jerome Powell's power continues to be asserted as he remains steadfast despite pressure from President Trump, who has said he wants to replace Mr. Powell or become Fed Chairman himself when his term ends in 2026.

In terms of market prospects, if the Fed keeps interest rates at high levels, gold may face short-term downward pressure due to increased investment opportunity costs. However, if the US economy weakens significantly or political tensions continue to escalate, gold remains a safe haven and has the potential to recover strongly.