Gold price today (June 20): Domestic and world gold...

Domestic gold price today

SJC gold bars continued to decrease in both buying and selling prices today. The brands DOJI , SJC, PNJ, Bao Tin Minh Chau simultaneously listed the price of gold bars at 117.4 - 119.4 million VND/tael (buy - sell), down 200 thousand VND/tael in both directions compared to early this morning.

Phu Quy SJC alone bought 600 thousand VND lower at 116.8 million VND/tael (down 200 thousand VND/tael) and sold at 119.4 million VND/tael (down 200 thousand VND/tael).

Domestic gold price today (June 20): Gold bars and gold rings both decreased. Illustration photo: 24h.com.vn

Along with gold bars, the gold ring market continued to decline today.

Specifically, SJC listed the price of gold rings at 113.5 - 116 million VND/tael (buy - sell), down 200 thousand VND/tael in both directions.

DOJI traded gold rings at 114.5 - 116.5 million VND/tael (buy - sell), down 500 thousand VND/tael in both directions.

Bao Tin Minh Chau brand gold rings are priced at 114.6 - 117.6 million VND/tael (buy - sell), down 200 thousand VND/tael in both directions.

Phu Quy Group buys gold rings at 113.6 million VND/tael and sells at 116.6 million VND/tael, down 200,000 VND/tael in both directions.

PNJ brand gold rings are priced at 113.7 - 116.7 million VND/tael (buy - sell), down 300 thousand VND/tael for buy and down 100 thousand VND/tael for sell.

Domestic gold bar prices updated at 5:00 a.m. June 20 as follows:

Yellow	Area	Early morning June 19	Early morning 20-6	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	117.6	119.6	117.4	119.4	-200	-200
Ho Chi Minh City	117.6	119.6	117.4	119.4	-200	-200
SJC	Ho Chi Minh City	117.6	119.6	117.4	119.4	-200	-200
Hanoi	117.6	119.6	117.4	119.4	-200	-200
Danang	117.6	119.6	117.4	119.4	-200	-200
PNJ	Ho Chi Minh City	117.6	119.6	117.4	119.4	-200	-200
Hanoi	117.6	119.6	117.4	119.4	-200	-200
Bao Tin Minh Chau	Nationwide	117.6	119.6	117.4	119.4	-200	-200
Phu Quy SJC	Nationwide	117	119.6	116.8	119.4	-200	-200

World gold price today

World gold price decreased by 23.62 USD/ounce in the past 24 hours, with spot gold price listed on Kitco exchange at 3,366.46 USD/ounce (equivalent to about 106.6 million VND/tael converted according to Vietcombank exchange rate, excluding tax and fees).

Thus, the domestic gold price is about 12.8 million VND/tael higher than the world gold price.

World gold prices continue to decline today. Illustration photo: Kitco

Gold is having an unusually volatile week, with geopolitical tensions pushing prices to record highs before falling sharply. The erratic performance underscores the precious metal’s enduring appeal as a safe haven and the fleeting nature of crisis-induced price rallies.

The US Federal Reserve’s policy announcement added another layer of complexity to gold. The Fed kept its benchmark interest rate at 4.25% to 4.50%, continuing its cautious approach while carefully monitoring the economic impact of President Trump’s trade policies, especially tariffs.

Central banks around the world are maintaining gold accumulation programs amid current uncertainties. Ongoing geopolitical tensions, particularly conflicts in Ukraine and the Middle East, continue to highlight gold’s role as a monetary hedge against uncertainty. Additionally, market expectations of a Fed rate cut are generally favorable for non-yielding assets like gold due to the reduced opportunity cost relative to income-producing alternatives.

Forecasting the world gold price trend, according to experts, despite many price reduction sessions, the attractiveness of gold as a safe haven asset is still very large.

Geopolitical tensions in the Middle East, especially the Israel-Iran conflict, continue to boost investment demand for gold, as investors seek safe assets amid uncertainty. The Ukraine-Russia situation shows no signs of abating, reinforcing gold’s role as a risk-hedging tool.

KHANH MINH

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

Source: https://baodaknong.vn/gia-vang-hom-nay-20-6-vang-trong-nuoc-va-the-gioi-cung-chieu-giam-256110.html