Domestic and world gold prices continue to fall

(Dan Tri) - The domestic price of SJC gold bars has decreased by 200,000 VND per tael. Meanwhile, the world price of precious metals in the early morning of June 20 decreased by 30 USD, falling back to 3,360 USD/ounce.

At the end of the trading session on June 19, the price of SJC gold bars was listed by large enterprises at 117.4-119.4 million VND/tael (buy - sell), down 200,000 VND each way compared to the opening session. At the beginning of the week, there was a time when the selling price of gold bars reached 120.5 million VND/tael.

The price of plain gold rings is listed at 113.5-116 million VND/tael (buy - sell), down 200,000 VND in both buying and selling.

On the international market, the world gold price is around 3,360 USD/ounce, down nearly 30 USD compared to before. According to the exchange rate excluding taxes and fees, the precious metal is equivalent to 106.4 million VND/tael.

World precious metal prices drop sharply (Photo: Son Tung).

The world gold price is experiencing a volatile week, soaring due to geopolitical tensions and then quickly reversing. Experts say these unusual developments clearly reflect the long-term appeal of gold as a safe haven asset, while also showing the instability of temporary price increases.

The latest policy announcement from the US Federal Reserve (Fed) also added to the market confusion. The Fed kept its benchmark interest rate unchanged at 4.25-4.5% and continued to maintain a cautious stance. The US central bank is also closely monitoring the impact of trade policy, especially the tax measures being implemented.

Amidst a global economic and political landscape of continuing risks, from tensions in Ukraine to conflicts in the Middle East, central banks around the world continue to accumulate gold, underscoring its growing role as a hedge against wealth.

At the same time, expectations that the Fed will soon lower interest rates are also positively supporting gold prices, because when interest rates are low, the opportunity cost of holding gold is significantly reduced.

Although there is still a possibility of a short-term correction, experts believe that the attractiveness of gold has not diminished in the eyes of investors, especially when global economic and financial instability shows no signs of easing.

Central exchange rate exceeds 25,000 VND/USD

The USD-Index - a measure of the greenback's movements against six major currencies - fell 0.31% from yesterday to 98.6 points.

In the foreign exchange market, the central exchange rate at the end of the session on June 19 was listed by the State Bank at 25,025 VND/USD, up 31 VND. With a 5% margin compared to the central exchange rate, the ceiling rate applied is 26,276 VND/USD and the floor rate is 23,775 VND/USD.

The USD exchange rate listed by major banks is 25,886-26,276 VND (buying - selling), an increase of 36 VND in buying and 33 VND in selling. At joint stock banks, the corresponding exchange rate for buying and selling is 25,940-26,240 VND (buying - selling).

In the free market, the USD price is traded at 26,310-26,410 VND (buy - sell), an increase of 90 VND in both buying and selling directions.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-trong-nuoc-va-the-gioi-tiep-tuc-giam-20250620082718380.htm