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News, gold price forecast tomorrow June 29, 2025 Domestic gold price stays close to 120 million mark amid US inflation storm

Gold price on June 29, 2025: SJC gold remains close to the 120 million VND/tael mark despite rising US inflation and falling world gold prices due to easing geopolitical tensions.

Báo Quảng NamBáo Quảng Nam28/06/2025

News, gold price forecast tomorrow June 29, 2025 SJC gold close to 120 million mark amid US inflation storm
News, gold price forecast tomorrow June 29, 2025 Domestic gold price stays close to 120 million mark amid US inflation storm

Update the latest gold price details today, June 28, 2025 in the domestic market

At the time of the survey on June 28, 2025, the domestic gold market recorded a uniform downward trend in most major brands. This adjustment has created remarkable fluctuations, attracting the attention of investors and consumers. Specifically:

The price of SJC gold bars in Hanoi was listed at VND117.2 million/tael (buy) and VND119.2 million/tael (sell), down VND500,000/tael in both directions compared to yesterday. This is a significant decrease, reflecting the general weakness of the market.

At DOJI Group, today's gold price also recorded a similar decrease. The buying and selling prices were 117.2 million VND/tael and 119.2 million VND/tael, respectively, down 500 thousand VND/tael in both directions.

Mi Hong Gold and Gemstone Company kept the buying price at 118.5 million VND/tael, unchanged from the previous session. However, the selling price dropped sharply by 500 thousand VND/tael, to 119.2 million VND/tael.

PNJ is also not out of the downward trend. The buying and selling prices here are recorded at 113.4 million VND/tael and 116 million VND/tael, respectively, down 300 thousand VND/tael and 500 thousand VND/tael, respectively.

Vietinbank Gold listed the selling price at 119.2 million VND/tael, down 500 thousand VND/tael compared to yesterday. Meanwhile, the buying price was not announced.

At Bao Tin Minh Chau, gold prices decreased by 500,000 VND/tael in both directions, with buying and selling prices at 117.2 million VND/tael and 119.2 million VND/tael, respectively.

Finally, the gold price in Phu Quy also recorded a significant decrease. The buying price reached 116.5 million VND/tael, down 700 thousand VND/tael, while the selling price decreased 500 thousand VND/tael, down 500 thousand VND/tael to 119.2 million VND/tael.

Gold price trend forecast today June 28, 2025

The sharp decline in gold prices today, June 28, 2025, is said to reflect fluctuations in the international market, along with pressure from the global economic situation. Investors need to consider carefully before making trading decisions in the context of many unpredictable market fluctuations.

Gold price update table today June 28, 2025 latest

Gold price today
BuySell
SJC in Hanoi 117.2 ▼500K 119.2 ▼500K
DOJI Group 117.2 ▼500K 119.2 ▼500K
Red Eyelashes 118.5 - 119.2 ▼500K
PNJ 113.4 ▼300K 116.0 ▼500K
Vietinbank Gold 119.2 ▼500K
Bao Tin Minh Chau 117.2 ▼500K 119.2 ▼500K
Phu Quy 116.5 ▼700K 119.2 ▼500K
1. DOJI - Updated: June 28, 2025 17:22 - Source website time - ▼/▲ Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 117,200
▼500K
119,200
▼500K
AVPL/SJC HCM 117,200
▼500K
119,200
▼500K
AVPL/SJC DN 117,200
▼500K
119,200
▼500K
Raw material 9999 - HN 107,600
▼500K
111,000
▼500K
Raw material 999 - HN 107,500
▼500K
110,900
▼500K
2. PNJ - Updated: June 28, 2025 17:22 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 113,400 ▼300K 116,000 ▼500K
HCMC - SJC 117,200 ▼500K 119,200 ▼500K
Hanoi - PNJ 113,400 ▼300K 116,000 ▼500K
Hanoi - SJC 117,200 ▼500K 119,200 ▼500K
Da Nang - PNJ 113,400 ▼300K 116,000 ▼500K
Da Nang - SJC 117,200 ▼500K 119,200 ▼500K
Western Region - PNJ 113,400 ▼300K 116,000 ▼500K
Western Region - SJC 117,200 ▼500K 119,200 ▼500K
Jewelry gold price - PNJ 113,400 ▼300K 116,000 ▼500K
Jewelry gold price - SJC 117,200 ▼500K 119,200 ▼500K
Jewelry gold price - Southeast PNJ 113,400 ▼300K
Jewelry gold price - Southeast SJC 117,200 ▼500K 119,200 ▼500K
Jewelry gold price - PNJ 999.9 Plain Ring 113,400 ▼300K
Jewelry gold price - Kim Bao Gold 999.9 113,400 ▼300K 116,000 ▼500K
Jewelry gold price - Phuc Loc Tai Gold 999.9 113,400 ▼300K 116,000 ▼500K
Jewelry gold price - Jewelry gold 999.9 112,700 ▼300K 115,200 ▼300K
Jewelry gold price - Jewelry gold 999 112,590 ▼300K 115,090 ▼300K
Jewelry gold price - Jewelry gold 9920 111,880 ▼300K 114,380 ▼300K
Jewelry gold price - Jewelry gold 99 111,650 ▼300K 114,150 ▼300K
Jewelry gold price - 750 gold (18K) 79,050 ▼230K 86,550 ▼230K
Jewelry gold price - 585 gold (14K) 60,040 ▼180K 67,540 ▼180K
Jewelry gold price - 416 gold (10K) 40,570 ▼130K 48,070 ▼130K
Jewelry gold price - 916 gold (22K) 103,120 ▼280K 105,620 ▼280K
Jewelry gold price - 610 gold (14.6K) 62,920 ▼190K 70,420 ▼190K
Jewelry gold price - 650 gold (15.6K) 67,530 ▼200K 75,030 ▼200K
Jewelry gold price - 680 gold (16.3K) 70,990 ▼200K 78,490 ▼200K
Jewelry gold price - 375 gold (9K) 35,850 ▼110K 43,350 ▼110K
Jewelry gold price - 333 gold (8K) 30,670 ▼100K 38,170 ▼100K
3. SJC - Updated: June 28, 2025 17:22 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 117,200
▼500K
119,200
▼500K
SJC gold 5 chi 117,200
▼500K
119,220
▼500K
SJC gold 0.5 chi, 1 chi, 2 chi 117,200
▼500K
119,230
▼500K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 113,200
▼200K
115,700
▼200K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 113,200
▼200K
115,800
▼200K
Jewelry 99.99% 113,200
▼200K
115,100
▼200K
Jewelry 99% 109,460
▼198K
113,960
▼198K
Jewelry 68% 71,525
▼136K
78,452
▼136K
Jewelry 41.7% 41,251
▼83K
48,151
▼83K

Update gold price today June 28, 2025 latest on the world market

World gold price, at 5:22 p.m. on June 28, 2025 (Vietnam time), the world spot gold price was at 3,272.79 USD/ounce. Today's gold price decreased by 53.7 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,270 VND/USD), the world gold price is about 107.96 million VND/tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (117.2-119.2 million VND/tael), the current SJC gold price is about 11.24 million higher than the international gold price.

While traditional gold support remains in place, the precious metal’s price has failed to reflect that, suggesting a significant shift in market structure. The U.S. Bureau of Economic Analysis reported Friday that the Federal Reserve’s key inflation gauge, the Personal Consumption Expenditures (PCE), rose 2.3% year-over-year in April, up from 2.1%.

Despite the rising inflation data, however, bond markets and interest rate expectations have been relatively flat. Currently, markets are pricing in a 20% chance of a rate cut by the Federal Reserve (FOMC) in July, while the probability rises to 75% in September. Some investors are even predicting rate cuts at both meetings.

Notably, gold has failed to capitalize on the recent weakness in the US dollar, reflecting the prevailing risk sentiment as investors turn to higher-yielding assets rather than safe havens.

In addition, capital flows in the market appear to be flowing from safe-haven assets such as gold to technology and growth sectors – sectors that benefit from the improvement in the global trade landscape. This continues to attract the attention of large institutional investors.

Technically, gold prices are currently in a consolidation phase, with no clear trend yet. According to experts from Saxo Bank, the lack of positive reaction of gold to supporting factors such as a weak USD or falling bond yields suggests that the market is facing the risk of a deeper correction.

Currently, the world gold price converted to Vietnamese currency (including tax and processing fee) is about 104.8 million VND/tael. Thus, the domestic SJC gold price is about 14.4 million VND/tael higher than the world price.

In the foreign exchange market, the US Dollar Index (DXY) reached 97.33 points early today. The central exchange rate announced by the State Bank last weekend was 25,048 VND/USD, with a fluctuation range of 23,796 to 26,300 VND/USD. The exchange rate at major commercial banks such as Vietcombank, BIDV, VietinBank, Techcombank... is currently fluctuating around 25,880 - 26,270 VND/USD.

Gold price forecast tomorrow 6/29/2025

The price of gold is currently falling sharply and may continue this trend after June 29, 2025. Gold is at a four-week low, with the August gold contract price at around $3,286.3/ounce. So why is the price of gold falling on June 29, 2025, and what does this mean for you? Let's find out in a simple way!

The world has become less tense recently. Concerns about conflict in the Middle East have eased, and the US and China have just reached an important trade agreement. As people feel more secure, they are less likely to buy gold as a “safe haven” – that is, to keep their money safe in gold. Instead, they are putting their money into other things, such as stocks, because they can offer higher returns. As a result, the price of gold on June 29, 2025, may continue to be under downward pressure.

In addition, the US dollar is strengthening slightly, making gold more “expensive” for users of other currencies. This also reduces the attractiveness of gold. Furthermore, investors are selling gold to take profits, that is, they sell gold to make a profit after the price has increased in the past period.

Experts predict that if the world continues to stabilize and the US Federal Reserve (Fed) starts cutting interest rates from September, gold prices may fall further. The reason is that when interest rates fall, people prefer to invest in stocks or other assets rather than holding gold. In particular, if the world gold price falls to $3,250/ounce, the downward trend may be even stronger.

In Vietnam, domestic gold prices, such as SJC gold, often follow world gold prices. Therefore, on the morning of June 29, 2025, SJC gold prices are likely to decrease compared to the current price. If you are thinking of buying gold, you may want to wait a little longer to see if the price drops further.

If you’re not familiar with economics, don’t worry! Just remember that the price of gold on June 29, 2025 is influenced by the world situation and investor sentiment. When things are calm, gold is often less attractive. Conversely, when there is uncertainty, gold is sought after. Follow gold price news and major events, such as trade deals or US policies, to predict where gold prices will go.

Source: https://baoquangnam.vn/tin-tuc-du-bao-gia-vang-ngay-mai-29-6-2025-gia-vang-trong-nuoc-giu-sat-moc-120-trieu-giua-con-bao-lam-phat-my-3157816.html


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