Gold price today June 5, 2025: Domestic gold price is only 6.7 million VND higher than world gold price

Domestic gold price today June 5, 2025

As of 4:30 a.m. on June 5, 2025, the domestic gold bar price is based on yesterday's closing price. Specifically:

DOJI Group listed the price of SJC gold bars at 114.9-117.2 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 114.9-117.2 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 115.5-117 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 115.5-117.5 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 114.4-117.2 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.

As of 4:30 a.m. on June 5, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 112-114 million VND/tael (buy - sell); the price increased 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 113.2-116.2 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, June 5, 2025 is as follows:

World gold price today June 5, 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 5, Vietnam time, was 3,366.83 USD/ounce. Today's gold price increased by 26.77 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,254 VND/USD), the world gold price is about 110.53 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 6.7 million VND/tael higher than the international gold price.

World gold prices only increased slightly during the trading session when positive employment data from the US somewhat reduced the demand for gold as a safe haven. However, trade tensions between the US and China continued to simmer, keeping market risks high and contributing to keeping gold prices from falling too much.

The gold market is seeing strong buying interest, especially after the latest data showed that the pace of hiring in the US private sector is slowing significantly. According to payroll processor ADP, only 37,000 new jobs were created in May, much lower than the previous forecast of 114,000. At the same time, the April figure was also revised down to 60,000 jobs.

Meanwhile, US President Donald Trump continued to increase pressure on China, saying that President Xi Jinping is a “tough” partner and that it will be difficult to reach a deal. These words came just days after Mr. Trump accused China of not following through on its commitment to remove tariffs and trade restrictions.

Washington has officially doubled tariffs on steel and aluminum imported from China since June 5. At the same time, the US government also set a deadline for other trading partners to make their best offer if they want to avoid the new tariffs that will take effect from the beginning of July.

Amid the current uncertainty, investors are turning their attention to the US non-farm payrolls report on Friday to further assess the outlook for the US Federal Reserve's monetary policy. If the data is more positive than expected, the possibility of the Fed cutting interest rates will be lower, which could put downward pressure on gold prices.

Gold prices are likely to rise slightly after the opening hours, suggesting that investor sentiment is supporting gold prices despite the lack of volatility in the market. Experts say weak labor data could prompt the US Federal Reserve to reconsider its current stance on monetary policy.

Apart from gold, spot silver prices fell slightly by 0.5% to $34.32 an ounce. Platinum rose 1.1% to $1,085.50, while palladium fell 0.5% to $1,005.11 an ounce.

Gold price forecast

In the short term, analysts still believe that gold prices will fluctuate around the range of 3,300 to 3,400 USD/ounce. Gold is considered a safe asset in times of political and economic instability, and tends to increase in price when interest rates are low.

Technically, traders believe that the short-term uptrend in gold prices is still maintained. The next upside target is to break through the strong resistance level at 3,450 USD/ounce. Conversely, if it falls, the support level to watch is the 3,200 USD/ounce area.

During the session, near-term resistance is at $3,400, followed by the weekly high of $3,417.80. Near-term support is at $3,350, followed by the weekly low of $3,319.40. The Wyckoff Market Rating Index is currently at 7.0, reflecting a bias in favor of buyers.

The world gold price in the short term is forecast to continue to fluctuate strongly due to many ongoing geopolitical and economic uncertainties. Important negotiations related to US-China trade, the Russia-Ukraine conflict, and the US-Iran nuclear deal are putting pressure on the gold market.

The White House said it is likely that US President Donald Trump will speak by phone with Chinese President Xi Jinping this weekend, which would be the first conversation between the two leaders since Mr Trump returned to the White House in January.

However, some experts believe that the long-term outlook for gold prices may not be as positive as before. After a sharp increase in prices in 2023, throughout 2024 and early 2025, the increase is showing signs of slowing down.

Mr. Trump's new policy in the Middle East with the ambition to build this region into a stable technology center and a counterweight to China, if implemented effectively, could reduce future geopolitical risks, thereby affecting the upward trend of gold prices.