Gold price today June 21, 2025: Gold price this week decreased sharply both domestically and internationally

Domestic gold price today June 21, 2025

As of 4:30 a.m. on June 21, 2025, the domestic gold bar price is based on the closing price yesterday, June 20. Specifically:

DOJI Group listed the price of SJC gold bars at 117.4-119.4 million VND/tael (buy - sell), the price remained unchanged 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), the price remained unchanged 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 118.5-119.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 100 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117.4-119.4 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 116.7-119.4 million VND/tael (buy - sell), gold price decreased 100 thousand VND/tael in buying direction - unchanged in selling direction.

As of 4:30 a.m. on June 21, 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 500,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 114.3-117.3 million VND/tael (buy - sell); down 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, June 21, 2025 is as follows:

World gold price today June 21, 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 21, Vietnam time, was 3,364.08 USD/ounce. Today's gold price decreased by 3.81 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,282 VND/USD), the world gold price is about 111.24 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 8.16 million VND/tael higher than the international gold price.

World gold prices recorded the sharpest weekly decline in more than a month. The main reason was the US Federal Reserve (Fed) signaling a more cautious interest rate cut, along with a temporary cooling of concerns about the possibility of the US attacking Iran in the short term.

Specifically, spot gold prices fell 0.11%, while US gold futures prices also lost 1.3%, to $3,364.00/ounce. Overall, the gold price fell about 2.5% for the week.

Meanwhile, the dollar index rose 0.5% and was on track for its biggest gain in more than a month. A stronger greenback makes gold more expensive for investors holding other currencies.

Tensions between Israel and Iran continued into a second week, but a White House statement said President Donald Trump would make a decision on whether the US would enter the war within the next two weeks. According to Nitesh Shah of WisdomTree, the two-week timeline gave the market hope that the conflict could calm down before the US got involved militarily, and this helped ease concerns, causing gold prices to correct slightly.

Gold is often seen as a safe haven asset during times of political and economic uncertainty and also benefits from a low interest rate environment. However, after Wednesday's meeting, the Fed decided to keep interest rates unchanged in the range of 4.25% - 4.50% and at the same time revised its forecast, suggesting that the possibility of a rate cut this year is less likely than before due to a more challenging economic outlook.

Meanwhile, President Trump continues to put pressure on the Fed, saying that interest rates should be 2.5 percentage points lower than the current level. However, experts say that gold prices are entering a consolidation phase after previous strong fluctuations.

According to Mr. Ole Hansen, head of commodity strategy at Saxo Bank, gold prices may continue to move sideways with the nearest support level at $3,320, and if they continue to fall, they may reach $3,245.

In other precious metals, silver fell 1.1% to $35.99 an ounce. Palladium also lost 0.2% to $1,048.33. Meanwhile, platinum fell 1.7% to $1,285.58 an ounce, after hitting a more than 10-year high in the previous session.

Gold price forecast

The gold market’s performance this week reflects the two opposing sides of modern investor sentiment. Initially, gold prices surged due to safe-haven demand in the wake of geopolitical shocks. However, the rally was short-lived as profit-taking and technical selling quickly took over, causing prices to reverse and fall.

The rapid fall of gold prices from the record opening level at the beginning of the week to below the threshold of 3,400 USD/ounce shows that market sentiment can change very quickly. This shows that investors are still hesitant, when the belief in the long-term uptrend is not strong enough without clearer macroeconomic conditions to support.

In the coming time, gold prices will be affected by three main factors: prolonged geopolitical developments, the US Federal Reserve's (FED) interest rate policy, and the impact of new trade policies on the global economy. These will be the key factors that determine the next direction of the gold market.

Despite the current price decline, the fundamentals supporting gold remain strong. Many central banks continue to buy gold in large quantities. Meanwhile, tensions in Ukraine and the Middle East show no signs of abating, keeping gold as an effective hedge against uncertainty.

Whether gold prices can reclaim their previous highs will depend on whether the current uncertainties are enough to trigger sustained demand from both institutional and retail investors. If not, this may be a short-lived rally, with the market quickly adjusting to new geopolitical developments.

As for the FED, the agency believes that inflationary pressures may increase again in the coming months, but it still maintains the plan to cut interest rates twice this year as proposed in March. Chairman Jerome Powell also emphasized caution, saying the FED will wait for more data on the economic outlook before changing policy.

Although the Fed acknowledged that the level of uncertainty has decreased somewhat, the agency still assesses economic risks at a high level, showing that the Fed is having to consider each policy step very carefully.

According to ANZ expert Soni Kumari, the fact that the Fed is not ready to loosen monetary policy has reduced the market's expectations of the possibility of cutting interest rates soon. This has put more pressure on gold prices, because if interest rates remain high, gold will become less attractive to investors.