Gold price today 20. 6: Continues to decrease, close to 147 million VND/tael

Khương Duy |

Gold price today 20. 6: Continues to decrease in both domestic and world markets. Domestic gold retreats to near 147 million VND/tael.

SJC gold bar price

As of 10:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 144.2-147.2 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 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

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 143.7-147 million VND/tael (buying - selling), down 1.1 million VND/tael on the buying side and down 800,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 143.7-147.2 million VND/tael (buying - selling), down 1.1 million VND/tael on the buying side and down 600,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.

9999 gold ring price

As of 9:00 AM, DOJI Group listed the price of gold rings at the threshold of 144.2-47.2 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

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

Bao Tin Minh Chau listed gold ring prices at the threshold of 143.7-147 million VND/tael (buying - selling), down 1.1 million VND/tael on the buying side and down 800,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 143-146.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 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 9:05 am, world gold prices were listed around the threshold of 4,154.7 USD/ounce, down 30.2 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

World gold prices continued to face pressure after the policy meeting of the US Federal Reserve (Fed), as the market adjusted expectations in the direction that interest rates could remain at a higher level for longer. In the slight trading session due to the US stock and bond market holiday on Juneteenth, sensitive cash flow with interest rates continued to adversely affect the precious metal.

The Fed has kept interest rates unchanged in the 3.50-3.75% range, but the policy message is assessed as leaning towards toughness. The market is no longer just debating the possibility of interest rate cuts, but is starting to consider the risk of the Fed raising interest rates in 2026. This development makes the opportunity cost of holding gold - an unprofitable asset - continue to be a factor putting pressure on prices.

According to Mr. Laurence Booth - Global Market Director at CMC Markets, the current gold decline is more risk-reducing than panicked sell-off. He believes that the downward trend is still relatively orderly, although the price has lost more than 200 USD/ounce in just a few days. A more noteworthy point is that physical demand in China and some major markets shows signs of being less positive, causing gold to lack its own support if the macroeconomic context has not shifted towards lower interest rates or increased financial risks.

In the opposite direction, expert Axel Merk - founder and CEO of Merk Investments - believes that investors should not rush to conclude that a tough Fed will disrupt the long-term upward trend of gold. According to him, clearer monetary policy could reduce volatility, while drawing market attention back to structural issues such as budget deficits, US public debt and geopolitical risks.

The geopolitical factor in the Strait of Hormuz remains an unpredictable variable. The gradual resumption of maritime traffic has cooled oil prices, thereby reducing demand for inflation hedging with gold. However, the transportation route is not completely normal, so shelter buying power has not completely disappeared.

Technically, the 4,180-4,200 USD/ounce zone is a near resistance for gold prices. If this zone is sustainably surpassed, the price may head up to the 4,370-4,390 USD/ounce zone. Conversely, if it breaks the 4,121 USD/ounce mark, the downward pressure may expand to 4,040 USD/ounce, or even 4,020 USD/ounce.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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