Gold price today June 7, 2025: Domestic gold price is 8.36 million VND higher than world gold price

Domestic gold price today June 7, 2025

As of 4:30 a.m. on June 7, 2025, the domestic gold bar price is based on yesterday's closing price. Specifically:

DOJI Group listed the price of SJC gold bars at 116-118 million VND/tael (buy - sell), an increase of 600 thousand VND/tael for buying - an increase of 300 thousand VND/tael for selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 116-118 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in buying - an increase of 300 thousand VND/tael in selling compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 116.5-117.7 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 116-118 million VND/tael (buy - sell), the price increased by 600 thousand VND/tael in the buying direction - increased by 300 thousand VND/tael in the selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 115-118 million VND/tael (buy - sell), gold price increased by 100 thousand VND/tael in buying direction - increased by 300 thousand VND/tael in selling direction compared to yesterday.

As of 4:30 a.m. on June 7, 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 remained unchanged 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); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, June 7, 2025 is as follows:

World gold price today June 7, 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 7, Vietnam time, was 3,360.71 USD/ounce. Today's gold price decreased by 17.86 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,220 VND/USD), the world gold price is about 109.64 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 8.36 million VND/tael higher than the international gold price.

The world gold price fell sharply due to the market being affected by geopolitical instability, on the other hand, the US Department of Labor released the May employment report, one of the most important economic data of the month. This report did not cause any big surprises, but showed that the US economy remained stable.

Specifically, the spot gold price decreased by 1.01% but for the whole week, the gold price increased by 1.88%. The gold futures price in the US also increased by 0.17%, to 3,344.45 USD/ounce.

The US economy added 139,000 jobs in May, higher than the 130,000 expected, according to the US Department of Labor. The unemployment rate held steady at 4.2%, as expected by experts. The data shows that the labor market is still stable, slowing expectations that the US Federal Reserve (Fed) will cut interest rates.

Investors now expect the Fed to wait until September to begin cutting rates, with only one more cut likely before the end of the year. Since gold does not yield interest like other assets, any rate hike or stagnation will reduce the appeal of gold to investors.

Meanwhile, trade talks between the US and China have yet to make any significant breakthrough, even after the much-anticipated call between US President Donald Trump and Chinese President Xi Jinping. Some experts believe that if trade tensions escalate, gold prices will benefit and potentially rise.

On the other hand, the silver market recorded impressive gains. Spot silver prices rose 0.3% to $36.25 an ounce, the highest since 2012. According to UBS analyst Giovanni Staunovo, the silver rally was mainly due to investors expecting that silver was undervalued compared to gold. When the price surpassed $35 an ounce, buying power increased sharply, pushing the price further up.

Platinum and palladium also posted strong weekly gains. Platinum rose 3.4% to $1,168.60 an ounce, its highest since March 2022. Palladium rose 2.7% to $1,033.19 an ounce. Both metals are on track for a weekly gain.

Gold Price Forecast

In this context, gold prices tend to fluctuate within a narrow range but remain high. Some experts believe that high interest rates for a long time could push the US economy into recession, thereby causing investors to seek gold as a safe haven.

Conversely, if interest rates fall, the opportunity cost of holding gold falls, making it more attractive. However, lower interest rates can also help economic recovery, causing money to flow into stocks instead of precious metals.

Commodity analysts say gold will continue to trade sideways around the highs while awaiting more clarity. Michael Brown, senior strategist at Pepperstone, said the gold market is “lacking direction” as the jobs report was neither too positive nor too negative.

Technically, analysts believe that gold bulls still have the upper hand in the short term. The next target for bulls is to push gold prices above the strong resistance level at the May peak of $3,477.30 per ounce. On the other hand, sellers will look to push prices below the important technical support level of $3,300. The price levels to watch in the short term are the resistance zones of $3,400 and $3,427.70; while the nearest support zones are $3,362.3 and $3,350.