Gold price today (June 17): Gold bars fell sharply this afternoon...

Domestic gold price today

Today, the price of SJC gold bars has decreased both in buying and selling prices. The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau all listed the price of gold bars at 117.6 - 119.6 million VND/tael (buy - sell), down 200,000 VND/tael for buying and down 700,000 VND/tael for selling.

Phu Quy SJC alone kept the buying price at 117 million VND/tael and reduced the selling price by 400 thousand VND/tael to 119.6 million VND/tael.

Gold price today (June 17): Gold bars fell sharply in the afternoon selling price. Illustration photo: 24h.com.vn

The gold ring market today increased and decreased in different brands.

Specifically, SJC listed the price of gold rings at 113.9 million VND/tael for buying (up 300 thousand VND/tael) and 116.4 million VND/tael for selling (up 200 thousand VND/tael).

DOJI stabilized the price of gold rings in both directions compared to early this morning, at 115 - 117 million VND/tael (buy - sell).

Bao Tin Minh Chau brand gold rings are priced at 115.9 - 118.9 million VND/tael (buy - sell), down 100 thousand VND/tael in both directions.

Phu Quy Group buys gold rings at 114.5 million VND/tael and sells at 117.5 million VND/tael, an increase of 500 thousand VND/tael in both directions.

PNJ brand gold rings are priced at 115 - 117 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and an increase of 200 thousand VND/tael for selling.

Domestic gold bar prices updated at 5:00 a.m. June 17 as follows:

Yellow	Area	Early morning 11-6	Early morning 12-6	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	117.8	120.3	117.6	119.6	-200	-700
Ho Chi Minh City	117.8	120.3	117.6	119.6	-200	-700
SJC	Ho Chi Minh City	117.8	120.3	117.6	119.6	-200	-700
Hanoi	117.8	120.3	117.6	119.6	-200	-700
Danang	117.8	120.3	117.6	119.6	-200	-700
PNJ	Ho Chi Minh City	117.8	120.3	117.6	119.6	-200	-700
Hanoi	117.8	120.3	117.6	119.6	-200	-700
Bao Tin Minh Chau	Nationwide	117.8	120.3	117.6	119.6	-200	-700
Phu Quy SJC	Nationwide	117	120	117	119.6	-	-400

World gold price today

In line with the domestic gold bar price, the world gold price today turned down 1.42%, equivalent to a decrease of 48.86 USD/Ounce, with the spot gold price listed on the Kitco exchange at 3,384.61 USD/ounce (equivalent to about 107 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).

Thus, the domestic gold price is about 13.3 million VND/tael higher than the world gold price.

World gold prices today turned down. Illustration photo: Kitco

After a volatile trading week with a strong breakout due to escalating Middle East conflicts, world gold prices are showing signs of cooling down.

Gold prices are being directly affected by the Israel-Iran tensions, the risk of trade conflicts due to the new US tariff policy, and concerns about slowing global economic growth. However, gold prices suddenly fell in the context of improved risk appetite of investors as they gradually get used to the "new normal".

If this rally starts to lose momentum, it could be a double top for gold, said Daniel Pavilonis, senior commodities broker at RJO Futures. He advised investors to start looking at reducing their gold positions at this point if they missed the opportunity to take profits at $3,509. As gold peaks, investors see other markets moving higher, including silver, platinum and palladium.

Wall Street is bullish on gold this week amid heightened geopolitical tensions following Israel’s attack on Iran, according to the latest Kitco News weekly gold survey. Main Street traders, on the other hand, remain cautious, fearing a correction in gold prices after a strong rally and with interest rate decisions looming.

KHANH MINH

* Please visit the Economics section to see related news and articles.

Source: https://baodaknong.vn/gia-vang-hom-nay-17-6-vang-mieng-giam-manh-chieu-ban-ra-255781.html