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Gold price today June 14: World gold price skyrockets due to Middle East tensions

(Baohatinh.vn) - Gold price today, June 14: Domestic gold price increased sharply to 120 million VND/tael; world gold price jumped to 3,430 USD/ounce due to Middle East tensions and expectations of the Fed lowering interest rates.

Báo Hà TĩnhBáo Hà Tĩnh13/06/2025

Domestic gold price today June 14

As of 5:30 a.m. on June 14, 2025, the domestic gold bar price is based on the closing price yesterday, June 13.

DOJI Group listed the price of SJC gold bars at 117.5-120 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for buying - an increase of 1 million VND/tael for selling compared to yesterday.

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Illustration by AI

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 117.5-120 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in buying - an increase of 1 million 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 118.3-119.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 800 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 117.5-120 million VND/tael (buy - sell), the price increased by 500 thousand VND/tael in the buying direction - increased by 1 million VND/tael in the selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117-120 million VND/tael (buy - sell), gold price increased by 700 thousand VND/tael in buying direction - increased by 1 million VND/tael in selling direction.

As of 5:30 a.m. on June 14, 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 increased by 1 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell); an increase of 1 million VND/tael in both buying and selling directions compared to yesterday.

World gold price today June 14

According to Kitco, the world gold price recorded at 5:30 a.m. on June 14, Vietnam time, was at 3,430.49 USD/ounce. Today's gold price increased by 67.62 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,223 VND/USD), the world gold price is about 112.7 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 7.23 million VND/tael higher than the international gold price.

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Gold prices surged as investors rushed to buy the metal as a safe haven after Israeli airstrikes on Iran raised concerns about a wider conflict in the Middle East. Spot gold rose 1.2%, approaching its April 2025 record of $3,500.05. For the week, gold prices rose more than 3%.

According to experts, the move to attack Iranian targets has made the market worried about geopolitical risks. Daniel Pavilonis, senior market strategist at RJO Futures, said: "Gold prices will continue to be high as the market anticipates that Iran may retaliate, causing more instability."

Israel has launched a series of airstrikes on Iran, targeting nuclear facilities, missile factories and eliminating military commanders, in what could be a long-term campaign to prevent Tehran from developing nuclear weapons. US President Donald Trump said Iran brought the attack on itself by not complying with US demands to limit its nuclear program.

In addition to geopolitical factors, this week's slightly lower US inflation data also contributed to the gold price increase. This reinforced expectations that the Federal Reserve (Fed) will soon cut interest rates. Gold is considered a safe asset in times of economic uncertainty or geopolitical conflicts, and also benefits from low interest rates.

Meanwhile, in Asian markets like India, demand for physical gold has fallen sharply due to soaring prices. In India, gold prices have crossed the psychologically important threshold of 100,000 rupees, making consumers wary.

Source: https://baohatinh.vn/gia-vang-hom-nay-146-vang-the-gioi-tang-vot-do-cang-thang-trung-dong-post289829.html


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