Gold price today June 24, 2025: Gold price at risk of falling up to 25% by the end of 2026

Domestic gold price today June 24, 2025

As of 4:30 a.m. on June 24, 2025, the domestic gold bar price is based on the closing price yesterday, June 23. Specifically:

The price of SJC gold bars listed by DOJI Group is at 117.7-119.7 million VND/tael (buy - sell), the price remains 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 117.7-119.7 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 118.7-119.7 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117.7-119.7 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 117-119.7 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions.

As of 4:30 a.m. on June 24, 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 remained unchanged 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); the price increased by 100 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, June 24, 2025 is as follows:

World gold price today June 24, 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 24, Vietnam time, was 3,379.14 USD/ounce. Today's gold price increased by 11.16 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,279 VND/USD), the world gold price is about 111.72 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 7.98 million VND/tael higher than the international gold price.

Gold prices rose slightly at the beginning of the week as tensions between Iran and Israel continued to escalate. The instability in the Middle East is causing investors to seek gold as a safe haven, although the strengthening US dollar is putting pressure on the price of this precious metal.

Specifically, the spot gold price increased by 0.33%, the US gold futures contract also increased accordingly, reaching 3,391.70 USD/ounce. However, the DXY index also increased by 0.5%, making gold more expensive for investors using other currencies.

The situation in Iran became more serious when the Israeli army bombed Evin prison in northern Tehran, considered a symbol of the Iranian government's power. This is considered the most intense Israeli airstrike on the Iranian capital since the US officially entered the war. In response, Iran continued to threaten to retaliate against the US in the near future.

Bart Melek, head of commodity strategy at TD Securities, said that if inflation does not rise too much beyond current levels due to tariffs, investor risk appetite could increase. This could reduce demand for gold as a hedge against risk in the short term. However, he predicted that gold prices will remain relatively stable, hovering around $75.

Gold has long been seen as a hedge against inflation or market uncertainty. However, higher interest rates can diminish its appeal as it does not offer the same yield as other assets. Investors are now awaiting the US personal consumption expenditure (PCE) report due later this week for a clearer picture of inflationary pressures.

Last week, the US Federal Reserve (Fed) decided to keep its policy interest rate unchanged at 4.25% - 4.5%. Some Fed officials still left open the possibility of cutting interest rates this year, but Chairman Jerome Powell was cautious, emphasizing the uncertainty caused by tariff policies and the economic response.

Besides gold, other precious metals also had positive developments. Spot silver prices increased 0.4% to $36.14 an ounce. Platinum increased 2.1% to $1,291.50 an ounce. Palladium recorded a 2% increase to $1,070.09 an ounce, the highest since June 12.

Gold Price Forecast

Gold prices are becoming the center of attention in the context of the world constantly facing geopolitical and economic instability. However, experts have quite different opinions on the short-term trend of this precious metal.

Rich Checkan, chairman and CEO of Asset Strategies International, believes that escalating tensions in the Middle East will be a driving force for gold prices to rise. According to him, the recent decline in prices has been excessive, creating conditions for the gold market to recover in the near future.

Colin Cieszynski, chief strategist at SIA Wealth Management, is more cautious, saying that the unpredictable developments from the conflicts are causing gold prices to fluctuate wildly and lack stability. In such a context, he believes that it is reasonable to remain neutral because gold prices can fluctuate unexpectedly in both directions.

From another perspective, Mr. Adrian Day, Chairman of Adrian Day Asset Management, said that gold prices will hardly increase sharply in the short term and tend to move sideways. Although buying power from China has decreased, the market is still supported by Western investors. However, he said that without new factors, gold prices will hardly have a breakthrough.

Marc Chandler, CEO of Bannockburn Global Forex, is bearish. Despite rising tensions between Israel and Iran, gold prices fell for the week, posting their biggest weekly decline in five weeks, suggesting that market sentiment is going against conventional expectations.

Chandler also noted that the US dollar has rebounded after three consecutive weeks of declines, causing gold to lose some of its appeal. If gold breaks the support zone around $3,290 - $3,295 per ounce, prices could enter a deeper correction cycle. And if it continues to break the $3,265 threshold, the possibility of a drop to $3,200 is entirely possible.

Alex Kuptsikevich, senior analyst at FxPro, shares the view that the short-term downside is quite clear. Although gold is on track to complete its sixth consecutive month of gains, which is also the longest streak in two decades, the current price is too high and shows signs of being overbought.

Gold prices are seeing strong fluctuations, but according to a forecast from Citi Financial Group, this fever may have peaked. Citi believes that gold prices could fall by up to 25% by the end of 2026, to $2,500-2,700/ounce. Although gold is currently near its historical peak, demand is expected to cool as the US economy gradually stabilizes and the bond market no longer faces major interest rate shocks.