Gold price update at the closing session on June 16: Impressive recovery

Khương Duy |

Gold price update at the closing session on June 16: Domestic gold recorded the 3rd consecutive increase session, bringing the price level back to the 152 million VND/tael mark.

SJC gold bar price

As of 6:15 PM, SJC gold bar prices were listed by DOJI at 149-151 million VND/tael (buying - selling), an increase of 1 million VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 2 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at 149-151.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 149.5-151.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

9999 gold ring price

As of 6:15 PM, DOJI listed the price of gold rings at 150-152 million VND/tael (buying - selling), an increase of 2 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 149-151.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 148.5-151.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

The buying - selling price difference of gold is showing signs of decreasing, from 3 million to about 2 to 2.5 million VND/tael.

Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 6:25 PM, world gold prices were listed around the threshold of 4,330.4 USD/ounce, up 3.1 USD compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

Gold prices still have room to be supported in the medium and long term, as the demand for gold holdings from central banks continues to be high. In the context of strong fluctuations in the global financial market, gold is still considered by many organizations as a strategic asset to preserve value and diversify reserves.

According to the latest survey by the World Gold Council (WGC), up to 89% of reserve managers expect the amount of gold held by global central banks to increase in the next 12 months. Notably, 45% of survey participants said that their own organization plans to increase gold reserves in the coming year. This is a record high, up from 43% recorded in 2025.

This development shows that demand from the official sector continues to be one of the important supporting factors for the gold market. Although gold prices have fluctuated sharply recently, especially under the impact of geopolitical tensions and oil price fluctuations, central banks still maintain a positive stance on precious metals.

Mr. Shaokai Fan - Global Director in charge of central banking at WGC - said that central banks still highly appreciate the role of gold. According to him, the recent adjustment of gold prices does not change the long-term views of the formal sector on the precious metal.

The WGC survey also shows that 90% of participants highly appreciate the effectiveness of gold in crisis periods. In addition, many central banks continue to consider gold as a tool to retain long-term value, helping to diversify portfolios and hedge geopolitical risks.

However, the upward momentum of gold prices in the short term may still face profit-taking pressure after strong recovery waves. Some forecasts suggest that the central bank's gold buying demand in 2026 may decrease compared to the same period in volume, but still maintain above the pre-2022 level. This shows that demand from the official sector is unlikely to create an immediate boost, but is still an important support foundation for gold prices.

In the context of the USD, interest rate policies of major central banks and geopolitical risks continuing to dominate investor sentiment, gold prices are likely to fluctuate strongly. However, the medium-term outlook for the precious metal is still positively assessed thanks to its increasing role in global reserves.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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