Gold price this afternoon June 20, 2025: World gold and ring gold prices fell sharply when the USD exchange rate increased

Domestic gold price today June 20, 2025

As of 4:30 p.m. on June 20, 2025, the domestic gold bar price decreased slightly compared to yesterday. 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 117-119.4 million VND/tael (buy - sell), the price decreased 400 thousand VND/tael in the buying direction - unchanged in the selling direction 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 the afternoon of June 20, 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 thousand 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 20, 2025 is as follows:

World gold price today June 20, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 p.m. on June 20, Vietnam time, was 3,352.16 USD/ounce. Today's gold price decreased by 17.89 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,282 VND/USD), the world gold price is about 110.85 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 8.02 million VND/tael higher than the international gold price.

Gold prices fell slightly and were on track for a weekly decline as the dollar strengthened and expectations of a US interest rate cut weakened, overshadowing the positive impact of rising geopolitical tensions in the Middle East.

Specifically, spot gold prices fell 0.53%, down about 2% for the week. US gold futures also fell 1.4% to $3,361.80 an ounce.

According to expert Kelvin Wong from the Asia-Pacific analysis company OANDA, the situation in the Middle East is currently very unpredictable. This makes traders cautious, not daring to make strong buying and selling decisions.

The White House said US President Donald Trump will decide within the next two weeks whether to involve the US in airstrikes between Israel and Iran, a move that could increase pressure on Tehran to return to the negotiating table. At the same time, Mr. Trump continued to call on the US Federal Reserve (Fed) to cut interest rates more sharply, specifically by another 2.5 percentage points.

At its recent meeting, the Fed decided to keep interest rates unchanged and maintained its forecast for two small cuts this year. However, analysts from ANZ bank said that recent macro developments, especially stable bond yields and a stronger US dollar, are putting pressure on gold prices. The market is also reducing expectations for the number of times the Fed will cut interest rates this year, as inflation remains high and the Fed is cautious in its policy.

The US dollar is on track for its biggest weekly gain in more than a month. As the dollar strengthens, gold becomes more expensive for buyers in other countries, hurting demand.

Other precious metals markets were also under pressure. Spot silver fell 2.1% to $35.61 an ounce. Palladium fell 0.8% to $1,042.04, while platinum fell 1.9% to $1,282.72, although it was still on track for a third straight weekly gain.

Gold price forecast

The price action of gold this week clearly reflects the two opposing sides of modern investor psychology. Initially, gold prices rose sharply due to the need for safe havens in the face of geopolitical shocks. However, that 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 decline in gold prices, 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.

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.

Quoc Duong