Domestic gold ring prices also fluctuated little this morning.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 113,700,000 | 0 | 116,200,000 | 0 |
| Doji | 114,500,000 | 0 | 116,500,000 | 0 |
SJC and Doji gold ring price list updated on the morning of June 23
Opening trading session on June 23, SJC gold price 9999 remains unchanged Compared to the closing session of last weekend, at 117.7-119.7 million VND/tael (buy - sell).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 117,700,000 | 0 | 119,700,000 | 0 |
| Doji Hanoi | 117,700,000 | 0 | 119,700,000 | 0 |
| Doji HCMC | 117,700,000 | 0 | 119,700,000 | 0 |
SJC and Doji gold bar price list updated on the morning of June 23
The world gold price in the early morning of June 23 suddenly increased to 3,380 USD/ounce and then quickly decreased due to tensions between the Iran-Israel war.
At 10:06 a.m. today (June 23, Vietnam time), the world spot gold price was at 3,361.8 USD/ounce, down 2.9 USD/ounce compared to the end of last week. Compared to the peak of 3,380 USD/ounce in the early morning, the world spot gold price has decreased by 18.2 USD/ounce.
On the morning of June 23 , the world gold price converted to USD bank price was over 107.5 million VND/tael, including tax and fees, about 12.2 million VND/tael lower than the domestic gold price.
Opening at a fairly high level, the domestic gold market last week tended to decrease slightly at the end of the week. At the end of the session on June 21, the price of SJC gold bars was traded at 117.7-119.7 million VND/tael (buy - sell). SJC gold bars were adjusted down 1.1 million VND/tael in both buying and selling directions.
The price of 1-5 chi SJC gold rings is listed at 113.7-116.2 million VND/tael (buy - sell). The price of 9999 gold rings at Doji is at 114.5-116.5 million VND/tael.
In the world gold market, the spot gold price was at 3,364.7 USD/ounce, down nearly 2% in the week. The gold futures price for August 2025 delivery on the Comex New York floor traded at 3,364 USD/ounce.
After the central bank's interest rate decisions, the economic focus this week is on the US consumer situation with a series of important data on housing, inflation such as the S&P preliminary PMI for June, the consumer confidence index and the US Federal Reserve Chairman's testimony before the House Financial Services Committee.
In addition, the gold market will also pay attention to new home sales data and a series of other important economic indicators including weekly jobless claims, durable goods orders, pending home sales in May and the US first quarter GDP report.
Kitco News' weekly gold survey shows Wall Street analysts are cautious, while retail investors remain bullish.
The gold market is facing a tug-of-war between supportive geopolitical factors and concerns that prices have overheated along with the Fed's monetary policy.
Gold prices rose 4% as the Israel-Iran conflict flared up, fueling safe-haven demand, but buying enthusiasm has since waned, said Alex Kuptsikevich, senior market analyst at FxPro.
The precious metal is on track for its sixth straight monthly gain, its longest winning streak in two decades. Gold is near record highs, which he said suggests gold is overbought and should seek alternatives.
Kuptsikevich also pointed out that gold prices are also negatively affected by the Fed. In its updated forecasts, the Federal Open Market Committee (FOMC) did not expect to cut the federal funds rate in 2025, which is supportive of bond yields. This is bad news for precious metals that do not generate interest income.
Gold price forecast may go sideways or decrease slightly
Adrian Day, chairman of Adrian Day Asset Management, said that the decline in informal gold demand from China has been offset by the West. He predicted that gold prices will remain flat or decline slightly, unless there is some unexpected new impetus.
According to Fawad Razaqzada, market analyst at StoneX Bullion, $3,350 is an important support level for gold, as it has been a resistance level. A break below $3,350 could see gold prices head towards $3,300. On the resistance side, $3,400 is an important level to watch.
Despite recent volatility, gold prices are expected to maintain an upward trend in the long term, acting as a safe haven asset amid growing global economic and political uncertainty.
Razaqzada said the trend remains bullish. It is too early to declare an end to the gold bull trend, especially if things heat up again in the Middle East.
Source: https://vietnamnet.vn/gia-vang-hom-nay-23-6-2025-chua-ngung-giam-vang-sjc-ra-sao-2413894.html
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