Gold price today June 26, 2025: Unprecedented pressure, will SJC gold bars fall?

As of 8:30 p.m. on June 25 (Vietnam time), the spot gold price today on the international market was at $3,317/ounce. Gold for August 2025 delivery on the Comex New York floor was at $3,334/ounce.

The world gold price on the night of June 25 was about 26.4% higher (equivalent to 692 USD/ounce) than at the end of 2024. World gold converted to the bank USD price was 106.2 million VND/tael, including taxes and fees, about 13.3 million VND/tael lower than the domestic gold price as of the end of the afternoon session on June 25.

Gold prices in the international market weakened after the previous session's plunge. The turning point changes in the international market are putting unprecedented pressure on this metal.

After a strong increase in late 2023, a breakthrough in 2024, and continued acceleration in the first half of 2025, the gold market is entering a difficult period. Profit-taking activities are taking place strongly.

A cautious mood prevails in the gold market as the Middle East enters a new phase. The 12-day war between Israel and Iran, which ended with the US unexpectedly sending B2-Spirit aircraft to strike three Iranian nuclear facilities, has changed the situation in the region. Israel and Iran have agreed to a ceasefire. It is likely that the Middle East will enter a period of stability.

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World gold prices are under unprecedented pressure, will SJC gold bars and gold rings fall as well? Photo: HH

Investors also expect the conflict in Ukraine to be resolved soon after US Secretary of State Marco Rubio affirmed that the US will not impose further economic sanctions on Russia to avoid losing the opportunity for peace negotiations.

US President Donald Trump and his Ukrainian counterpart Volodymyr Zelensky are expected to meet on June 25, on the sidelines of the NATO summit in The Hague, Netherlands.

Since returning to power in January, President Trump has sought to restore relations with Russia, which were largely undermined under former President Joe Biden. Moscow has welcomed the change and expressed a desire to normalize ties with Washington.

Trump’s diplomatic push has helped restart direct talks between Russia and Ukraine. Two new rounds of talks began in Turkey last month. The two sides have since conducted a series of prisoner exchanges based on an agreement reached by Moscow and Kiev in a second round of direct talks on June 2.

Domestic gold prices remained stable despite the previous plunge in the world market. Specifically, at the end of the trading session on June 25, the price of 9999 gold bars at SJC and Doji was listed at 117.5-119.5 million VND/tael (buy-sell), unchanged from the previous session.

By the end of the afternoon of June 25, SJC announced the price of gold rings of type 1-5 at only 113.5-116 million VND/tael (buy - sell), unchanged from the previous session. Doji announced the price of gold rings of type 1-5 at only 114.5-116.5 million VND/tael (buy - sell), an increase of 500,000 VND.

The USD/VND exchange rate is close to a record high, reaching 26,307 VND/USD (selling price).

Gold Price Forecast

After a decline, the world gold price tends to stay above the threshold of 3,300 USD/ounce. This threshold provides strong psychological support. This is also the threshold where bottom-fishing activities with precious metals increase, which is understandable when the gold price has dropped sharply from the peak of 3,500 USD/ounce recorded on April 22 to the current level.

Still, at $3,317 an ounce, gold is 27.2% higher than it was at the start of 2025 and nearly 61% higher than it was at the start of 2024.

In fact, expectations for gold to continue to rise remain, especially as the US Federal Reserve (Fed) is still planning to lower interest rates this year and in the coming years. The US dollar is in a downward trend, which in theory will push gold prices up. In addition, demand for gold from many central banks is still high.

However, with the strong price increase over the past year, profit-taking activities are not small. Some forecasts that gold may adjust sharply, down another 5-10% to the threshold of 3,100 USD, or even below 3,000 USD/ounce if geopolitical tensions and the trade war cool down.

In the medium and long term, many organizations still predict that gold prices could reach $3,500-4,000/ounce by 2026. Gold has had a continuous upward trend over the past decades.

Why did the price of gold plummet despite escalating tensions in the Middle East? According to experts, although the general trend is upward, gold prices still have short-term adjustments. However, compared to the period of 2022-2023 when gold prices continuously set new peaks, the current upward trend is no longer too strong.

Source: https://vietnamnet.vn/gia-vang-hom-nay-26-6-2025-ap-luc-chua-tung-co-vang-mieng-sjc-co-roi-theo-2415111.html