As of 8:30 p.m. on June 24 (Vietnam time), the spot gold price today on the international market was at $3,311/ounce. Gold for August 2025 delivery on the Comex New York floor was at $3,328/ounce.

The world gold price on the night of June 24 was about 26.1% higher (equivalent to 686 USD/ounce) than at the end of 2024. World gold converted to the bank USD price was 106 million VND/tael, including taxes and fees, about 13.5 million VND/tael lower than the domestic gold price as of the end of the afternoon session on June 24.

Gold prices on the international market fell sharply after Israeli and Iranian media reported that a ceasefire between the two sides took effect at noon on June 24 (Vietnam time) after 12 days of military escalation. Previously, on the social network Truth Social, US President Donald Trump confirmed the ceasefire between the two countries.

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World gold prices plummet, where will SJC gold bars go? Photo: HH

Gold fell even as Israel and Iran accused each other of violating the ceasefire. Late on the afternoon of June 24, Mr. Trump issued a stern warning to Israel, calling on it to stop retaliatory bombings and recall its pilots.

US President Trump then called Israeli Prime Minister Benjamin Netanyahu about Tel Aviv's plan to attack Iran for violating the ceasefire.

However, gold prices continued to fall further as profit-taking pressure and short-selling increased. Investors seemed to believe in a positive scenario in the Middle East.

Domestically, gold prices fell slightly despite the world's plunge. Specifically, by the end of the trading session on June 24, the price of 9999 gold bars at SJC and Doji was listed at VND117.5-119.5 million/tael (buy - sell), down VND200,000 in both buying and selling compared to the previous session.

By the end of the afternoon of June 24, SJC announced the price of gold rings of type 1-5 at only 113.5-116 million VND/tael (buy - sell), down 200,000 VND. Doji announced the price of gold rings of type 1-5 at only 114-116 million VND/tael (buy - sell), down 500,000 VND.

USD/VND exchange rate reached a record high, reaching 26,310 VND/USD (selling price).

Gold Price Forecast

World gold prices have fallen sharply and could break through the $3,300/ounce threshold at any time.

Pressure is mounting strongly on precious metals.

News that Iran and Israel have agreed to a ceasefire and that Iran may not retaliate against the United States has sent money pouring into high-risk assets, including stocks and cryptocurrencies.

Oil, a commodity closely related to gold, fell sharply. WTI crude fell nearly 4.6% to $65.3 a barrel. This is a factor that puts pressure on gold.

The drop in oil prices is likely to reduce costs, thereby easing inflationary pressures in many countries. This could help boost stocks, Asia, Europe and the US further.

Many investors expect that if the ceasefire takes effect, and according to technical analysis, gold will fall further in the next few days, possibly to $3,250/ounce, or even $3,100/ounce. Previously, gold had increased continuously for 6 months, with an increase of nearly 30%.

Investors are closely watching the moves by Israel and Iran. Netanyahu had told Trump earlier that he could not cancel all the strikes, but would significantly reduce the number of targets. Israel later confirmed that it had struck a target in Iran and that the jets were on their way back. Investors are waiting to see whether Iran will retaliate further or hold off.

Still, market signals show investors are betting on a brighter Middle East.

Israel-Iran conflict: Signs of cooling down, gold and oil prices drop dramatically The 12-day war between Israel and Iran may come to an end after the ceasefire agreement announced by US President Donald Trump. Global financial markets fluctuated strongly. Gold and oil prices dropped dramatically, stocks increased sharply.

Source: https://vietnamnet.vn/gia-vang-hom-nay-25-6-2025-the-gioi-giam-sau-vang-mieng-sjc-chiu-ap-luc-lon-2414687.html