Gold price today June 6, 2025: Domestic gold price is nearly 7 million VND higher than world price

Domestic gold price today June 6, 2025

As of 4:30 a.m. on June 6, 2025, the domestic gold bar price is based on yesterday's closing price. Specifically:

DOJI Group listed the price of SJC gold bars at 115.4-117.7 million VND/tael (buy - sell), an increase of 500 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 115.4-117.7 million VND/tael (buy - sell), an increase of 500 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 116-117.7 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying and 700 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 115.4-117.7 million VND/tael (buy - sell), the price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 114.9-117.7 million VND/tael (buy - sell), gold price increased 500 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:30 a.m. on June 6, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 112.5-114.5 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 113.5-116.5 million VND/tael (buy - sell); an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, June 6, 2025 is as follows:

World gold price today June 6, 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 6, Vietnam time, was 3,374.81 USD/ounce. Today's gold price increased by 26.63 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,244 VND/USD), the world gold price is about 110.75 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 6.94 million VND/tael higher than the international gold price.

World gold prices increased sharply in the trading session on Thursday evening (June 5), in the context that investors are waiting for the US non-farm employment report to be announced this weekend. Information from this report can greatly affect the interest rate orientation of the US Federal Reserve (Fed).

The world gold price remains high, approaching the 3,400 USD/ounce mark in the context of the US labor market showing signs of slowing down. The latest report from the US Department of Labor shows that the number of initial unemployment benefits applications increased by 8,000 in the week from May 26 to May 31, bringing the total to 247,000. This number is higher than the forecast of experts, who expected 236,000 applications.

This week’s weak labor market data has provided strong support for gold prices. Spot gold rose 0.76% to a four-week high at the close of trading. US gold futures also rose, reaching $3,419.70 an ounce.

Gold prices are still trending higher, despite the current slowdown, according to analyst Ricardo Evangelista of brokerage firm ActivTrades. He said the wait for the jobs report has kept investors cautious for now.

Earlier, the ADP employment report showed that the number of jobs in the US private sector in May increased much lower than expected. This raised concerns about the weakness of the US labor market.

President Donald Trump has also continued to press Fed Chairman Jerome Powell to lower interest rates. If the labor market does weaken, the likelihood of the Fed cutting rates will increase, which is seen as positive for gold, which tends to rise in price when interest rates are low and the economy is uncertain.

Silver prices recorded their biggest gain in years, rising 2.5% to $35.83 an ounce, the highest since February 2012. Silver has historically lagged behind gold because 70% of its demand comes from the industrial sector, according to StoneX expert Rhona O'Connell. However, the gold-silver ratio falling below 100 suggests the market is starting to correct the imbalance between the two precious metals.

Other precious metals also rose. Platinum rose 3.6% to $1,123.88 an ounce, its highest since March 2022. Palladium also rose 1.8% to $1,018.38 an ounce.

Gold price forecast

The European Central Bank (ECB) has cut its main interest rate by another 0.25%, as expected by the market. The reason is that the ECB is concerned about the region's economy being in trouble and inflationary pressures are decreasing. This may cause the world gold price to decrease slightly today.

Technically, gold is still in a clear uptrend in the short term. If buying pressure continues, the next target for gold is to break through the strong resistance at the May peak of $3,477.30 an ounce.

On the other hand, if gold falls, the first support level will be at $3,400/ounce and then the lowest level last night at $3,384.5/ounce. With the current attractiveness, experts are assessing the technical outlook of gold at a high level with a score of 8/10 on the Wyckoff scale.

Central banks around the world are forecast to buy around 1,000 tonnes of gold in 2025, the fourth consecutive year of large-scale purchases, as they diversify their foreign exchange reserves away from US dollar-denominated assets, according to consultancy Metals Focus in its annual report released on June 5 in London.

According to Metals Focus, this gold price rally has not yet slowed down central banks, which play an important role in global gold demand. Gold purchases in the first quarter of 2025 are still equivalent to the average of 2022 to 2024, showing that demand from these organizations continues to be stable despite high gold prices.

Still, Metals Focus forecasts central bank purchases this year to fall by about 8% from the record 1,086 tonnes in 2024. Poland, Azerbaijan and China continued to be the top buyers in the first quarter, while steady flows into Iran suggest the country’s central bank is also quietly stockpiling more gold.

On the other hand, demand for gold jewelry is falling sharply due to high gold prices. Total gold jewelry processing output in 2024 fell 9% to 2,011 tons and is expected to continue to decline 16% this year, mainly due to the decline from two major markets, India and China.

Metals Focus also forecasts that the average gold price this year will increase by about 35%, following last year's 23% increase, to about $3,210 an ounce. The company also believes that the upward trend in gold prices could continue into 2026.