Specifically, at 10:50 a.m., Saigon Jewelry Company (SJC), DOJI Group listed the price of gold bars at 117.5 - 119.5 million VND/tael (buy - sell); keeping the listed price in both buying and selling directions unchanged compared to the closing price yesterday.
Saigon Jewelry Company (SJC) listed the price of gold rings at 113.5 - 116 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to yesterday's closing price.
Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 114.5 - 117.5 million VND/tael (buy - sell); keeping the listed price for both buying and selling unchanged compared to yesterday's closing price.
DOJI Group listed the price of gold rings at 114.5 - 116.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the closing price yesterday.
World gold prices on June 24 fell 2% to a more than two-week low, after the announcement of a ceasefire agreement between Iran and Israel reduced demand for the precious metal.
As of 0:46 a.m. (June 25, Vietnam time), spot gold prices fell 1.4% to $3,319.96/ounce. Earlier in the session, gold prices had fallen more than 2% to their lowest level since June 9, 2025. US gold futures also closed down 1.8% to $3,333.9/ounce.
Peter Grant, vice president and senior metals strategist at investment brokerage Zaner Metals, said the main factor weighing on gold prices was the easing of tensions in the Middle East. “Safe-haven demand has eased and the market is more risk-on,” he said.
There are still some doubts about whether the ceasefire will hold, and until the situation is resolved, the downside in gold prices is likely to be limited, the expert added.
In another development, a speech by US Federal Reserve Chairman Jerome Powell showed that the central bank needs more time to consider whether the tariff hike will push inflation higher before considering cutting interest rates.
Markets currently expect the Fed to cut rates by a total of 0.5 percentage points by the end of this year, starting with a 0.25 percentage point cut in October 2025.
Gold prices are always sensitive to US interest rate adjustments, because lower interest rates will weaken the USD, but significantly increase the attractiveness of non-yielding assets such as gold.
Source: https://baoninhbinh.org.vn/gia-vang-mieng-trong-nuoc-sang-25-6-di-ngang-003141.htm
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