Gold price today June 20: Stabilized but still 13 million VND more expensive than the world

On the morning of June 20, the price of gold bars at Saigon Jewelry Company - SJC remained unchanged compared to yesterday, buying at 117.4 million VND and selling at 119.4 million VND. Similarly, the price of 4-number-9 gold rings at SJC also remained unchanged, still being bought at 113.5 million VND and sold at 116 million VND.

Other trading companies also maintained the same buying and selling price of gold rings as at the end of yesterday, such as Phu Nhuan Jewelry Company (PNJ) kept the buying price at 113.7 million VND, selling price at 116.7 million VND; Doji Group bought at 114.5 million VND, selling price at 116.5 million VND...

Domestic gold price remained stable on the morning of June 20 (PHOTO: NGOC THANG)

The world gold price continued to fall to 3,365 USD/ounce, nearly 13 USD lower than yesterday. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 106.5 million VND/tael (excluding taxes and fees). Currently, each tael of SJC gold bar is nearly 13 million VND more expensive than the world price.

The precious metal fell as the dollar rallied as the US Federal Reserve said inflation risks remained high. Meanwhile, tensions in the Middle East have not eased as Israel bombed nuclear targets in Iran and Iranian missiles hit an Israeli hospital overnight... Gold is considered a safe haven asset during times of economic and geopolitical uncertainty . However, a high interest rate environment reduces the appeal of gold because it does not pay interest.

Gold has now surpassed the euro to become the world's second-largest reserve asset, after the US dollar, according to the World Gold Council (WGC). Gold prices have soared 30% since January 2025 and doubled in the past two years, thanks to a wave of safe-haven assets sought amid increasing global uncertainty and market volatility. According to the WGC's annual survey, 95% of central bankers said they planned to increase their gold reserves in the next 12 months - the highest rate since the survey began in 2018. Meanwhile, about three-quarters of respondents expect the share of US dollar reserves to decline in the next five years. The survey was conducted with more than 70 central banks.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2062025-dung-yen-nhung-van-dat-hon-the-gioi-13-trieu-dong-185250620072213302.htm

Source: https://baolongan.vn/gia-vang-hom-nay-20-6-dung-yen-nhung-van-dat-hon-the-gioi-13-trieu-dong-a197380.html