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Gold price this afternoon June 16, 2025: Domestic and world gold prices fell sharply due to profit taking

Gold price this afternoon, June 16, 2025: Domestic and world gold prices this afternoon both fell sharply due to profit taking. SJC gold price fell below 120 million, world gold price fell close to 3400 USD.

Báo Nghệ AnBáo Nghệ An16/06/2025

Domestic gold price today June 16, 2025

As of 4:30 p.m. on June 16, 2025, the domestic gold bar price turned down to below 120 million. Specifically:

DOJI Group listed the price of SJC gold bars at 117.6-119.6 million VND/tael (buy - sell), a decrease of 200 thousand VND/tael in buying - a decrease of 700 thousand VND/tael in selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117.6-119.6 million VND/tael (buy - sell), a decrease of 200 thousand VND/tael in buying - a decrease of 700 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 118.5-119.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 500 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117.6-119.6 million VND/tael (buy - sell), the price decreased by 200 thousand VND/tael in buying direction - decreased by 700 thousand VND/tael in selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117-119.6 million VND/tael (buy - sell), gold price remains unchanged in buying direction - decreased 400 thousand VND/tael in selling direction.

Gold price this afternoon June 16, 2025: Gold price drops sharply due to profit taking

As of the afternoon of June 16, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115-117 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 116.3-119.3 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 16, 2025 is as follows:

Gold price today
June 16, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
117.6 119.6
-200 -700
DOJI Group
117.6
119.6
-200
-700
Red Eyelashes
118.5 119.5
-500 -500
PNJ
117.8
119.6
-200 -700
Bao Tin Minh Chau
117.8
119.6
-200 -700
Phu Quy 117 117.8
- -400
1. DOJI - Updated: June 16, 2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 117,600 ▼200K 119,600 ▼700K
AVPL/SJC HCM 117,600 ▼200K 119,600 ▼700K
AVPL/SJC DN 117,600 ▼200K 119,600 ▼700K
Raw material 9999 - HN 109,500 114,000
Raw material 999 - HN 109,400 113,900
2. PNJ - Updated: June 16, 2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 11,760 11,960
PNJ 999.9 Plain Ring 11,500 11,700
Kim Bao Gold 999.9 11,500 11,700
Gold Phuc Loc Tai 999.9 11,500 11,700
999.9 gold jewelry 11,350 11,600
999 gold jewelry 11,338 11,588
9920 jewelry gold 11,267 11,517
99 gold jewelry 11,244 11,494
750 Gold (18K) 7,965 8,715
585 Gold (14K) 6,051 6,801
416 Gold (10K) 4,091 4,841
PNJ Gold - Phoenix 11,500 11,700
916 Gold (22K) 10,386 10,636
610 Gold (14.6K) 6,341 7,091
650 Gold (15.6K) 6,805 7,555
680 Gold (16.3K) 7,153 7,903
375 Gold (9K) 3,615 4,365
333 Gold (8K) 3,093 3,843
3. SJC - Updated: June 16, 2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 117,600 ▼200K 119,600 ▼700K
SJC gold 5 chi 117,600 ▼200K 119,620 ▼700K
SJC gold 0.5 chi, 1 chi, 2 chi 117,600 ▼200K 119,630 ▼700K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 113,900 ▲200K 116,400 ▲200K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 113,900 ▲200K 116,500 ▲200K
Jewelry 99.99% 113,900 ▲200K 115,800 ▲200K
Jewelry 99% 110,153 ▲198K 114,653 ▲198K
Jewelry 68% 72,001 ▲136K 78,901 ▲136K
Jewelry 41.7% 41,543 ▲83K 48,443 ▲83K

World gold price today June 16, 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 16, Vietnam time, was 3,413.77 USD/ounce. Today's gold price decreased by 20.11 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,242 VND/USD), the world gold price is about 112.74 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 6.86 million VND/tael higher than the international gold price.

Gold prices fell slightly as investors took advantage of the opportunity to take profits after rising sharply to near a two-month high. Rising tensions between Israel and Iran over the weekend raised concerns that the conflict could spread across the region, causing demand for gold to surge.

Specifically, spot gold prices fell 0.5% to $3,414.32 an ounce after hitting their highest level since April 22. US gold futures also fell 0.5% to $3,434.80 an ounce.

Kelvin Wong, Asia-Pacific market analyst at OANDA, said tensions between Iran and Israel have increased political risk, boosting demand for gold as a hedge against instability.

According to him, the gold price has surpassed the $3,400 threshold and is maintaining an upward trend in the short term. The next resistance level is forecast to be $3,500 and if the situation continues to escalate, the gold price may surpass this level to set a new peak.

Israel and Iran continued to attack each other on Sunday, killing and wounding scores of civilians, raising fears of a wider war in the region. Both sides even warned each other's citizens to be on guard against further attacks.

US President Donald Trump also expressed hope that Israel and Iran can find a peaceful solution, but he acknowledged that sometimes countries have to go through conflict to reach an agreement. In the current volatile environment, gold is often seen as a safe haven asset, helping investors protect the value of their assets from political and economic risks.

This week, markets will be watching a series of monetary policy meetings of major central banks, most notably the US Federal Reserve meeting on Wednesday. The Fed is expected to keep interest rates unchanged, but investors are waiting for signals on the possibility of a rate cut in the near future. The market currently expects the Fed to have two interest rate cuts before the end of the year, possibly starting in September, especially when recent inflation data shows that prices are rising more slowly.

Meanwhile, other precious metals also recorded positive fluctuations. Silver prices increased 0.2% to $36.36/ounce, platinum increased 1.5% to $1,245.67/ounce, and palladium also increased 1.5% to $1,043.53/ounce.

Gold Price Forecast

Wall Street analysts remain bullish on gold prices, but individual investors are more cautious, especially as the market enters a volatile period, according to a recent Kitco News survey.

Barchart expert Darin Newsom commented that a series of unstable factors from political tensions in the Middle East to the internal situation in the US are causing investors to continue to seek gold as a safe haven. In addition, the tendency of some countries to sell USD also contributes to increasing demand for gold.

Some experts believe that gold prices could retest the peaks set in April. Marc Chandler, CEO of Bannockburn Global Forex, said that gold’s role as a safe haven asset has become more evident than ever amid growing global uncertainty. He said that after the recent correction, gold prices have the opportunity to retest the record level of nearly $3,500 an ounce if geopolitical risks persist.

However, some other experts are more cautious about the gold price increase this week. Some even believe that gold prices will fall quickly after the political instability news passes. If the price increase is to continue, the world political situation must become more unstable.

"The Israel-Iran conflict could keep gold above $3,400, but it's unlikely to push prices higher without a new escalation. History shows that geopolitical rallies are often difficult to sustain over the long term," said Ole Hansen, head of commodity strategy at Saxo Bank.

Investors are cautiously waiting after the Israeli airstrike, said Naeem Aslam, chief investment officer at Zaye Capital Markets. He highlighted the importance of oil prices and Iran's response: "If Iran retaliates strongly, especially if it threatens oil supplies through the Strait of Hormuz, gold could explode on hedging demand. On the other hand, if tensions ease, gold's rally could stall."

The main event this week is the Fed's monetary policy meeting. In addition to the Fed, the Swiss National Bank (SNB) and the Bank of England (BoE) will also make interest rate decisions this week. These developments have a knock-on effect on gold prices, which are highly sensitive to global monetary policies.

The current situation poses a difficult problem for the Fed as it has to balance inflation control and economic stability in an unstable geopolitical environment. Their decisions can create strong fluctuations in gold prices, especially when combined with risk factors from the Middle East. Investors need to closely monitor these developments to have appropriate strategies.

Source: https://baonghean.vn/gia-vang-chieu-nay-16-6-2025-gia-vang-trong-nuoc-va-the-gioi-giam-manh-do-chot-loi-10299764.html


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