Domestic gold price today

Domestic gold prices this morning remained almost unchanged and maintained a trading level of around 67 million VND/tael. Currently, the domestic precious metal prices are listed specifically as follows:

SJC gold price in Hanoi and Da Nang is currently being bought at 66.5 million VND/tael and sold at 67.12 million VND/tael. In Ho Chi Minh City, SJC gold is still being bought at the same price as in Hanoi and Da Nang but sold at 20,000 VND lower.

Domestic gold prices remained stable this morning. Photo: vietnamnet.vn

DOJI brand gold price in Hanoi is listed at 66.5 million VND/tael for buying and 67.1 million VND/tael for selling. In Ho Chi Minh City, this brand gold is being bought at the same price but sold at 100,000 VND lower than in Hanoi.

Phu Quy SJC gold price is listed at 66.45 million VND/tael for buying and 67.05 million VND/tael for selling. PNJ gold is listed at 66.6 million VND/tael for buying and 67.15 million VND/tael for selling. Bao Tin Bao Tin Minh Chau gold is listed at 66.55 million VND/tael for buying and 67.1 million VND/tael for selling.

Domestic gold price updated at 5:30 am on June 19 as follows:

Yellow

Area

Early morning June 18

Early morning June 19

Difference

Buy

Sell

Buy

Sell

Buy

Sell

Unit of measure:

Million VND/tael

Unit of measure:

Thousand dong/tael

DOJI

Hanoi

66.5

67.1

66.5

67.1

-

-

Ho Chi Minh City

66.5

67

66.5

67

-

-

Phu Quy SJC

Hanoi

66.45

67.05

66.45

67.05

-

-

PNJ

Ho Chi Minh City

66.6

67.15

66.6

67.15

-

-

Hanoi

66.6

67.15

66.6

67.15

-

-

SJC

Ho Chi Minh City

66.5

67.1

66.5

67.1

-

-

Hanoi

66.5

67.12

66.5

67.12

-

-

Danang

66.5

67.12

66.5

67.12

-

-

Bao Tin Minh Chau

Nationwide

66.52

67.08

66.55

67.1

+30

+20










World gold price today

World gold prices this morning tended to decrease with spot gold down 1.1 USD compared to the closing price of last week's trading session to 1,957.1 USD/ounce.

Experts say that gold may remain in a neutral zone in the coming time and cannot exceed 2,000 USD/ounce as the market remains cautious.

The weekly Kitco News gold survey shows that both Wall Street analysts and retail investors are bearish on gold as the market continues to digest the latest monetary policy decision from the U.S. Federal Reserve.

Gold ended the week in neutral territory last week, but bounced from a three-month low following the Fed’s decision. However, experts are not expecting to see major price movements this week.

The recovery late last week shows that gold is seeing strong buying interest; however, the precious metal lacks the momentum to trigger a stronger rally, said Ole Hansen, head of commodity strategy at Saxo Bank.

“I think gold needs to break above the key $1,985 an ounce level before the market can regain confidence in gold. Right now, gold is getting support from the market showing no confidence in the Fed’s dot plots as the yield curve continues to point to the threat of a recession. But there is no trigger for a major rally that would take gold above $2,000 an ounce.”

From a technical perspective, Darin Newsom, senior market analyst at Barchart, said that gold will continue to move sideways. "The daily chart of August gold futures is showing a general sideways pattern. With this in mind, I expect August gold futures to remain between the recent high of $1,986 an ounce and the low of $1,953 an ounce," he said.

World gold prices are showing a downward trend this morning. Photo: Kitco

Of the analysts surveyed by Kitco News for gold, 42% are bullish on gold in the near term; 21% see lower prices this week; 38% see flat prices. Meanwhile, 52% of retail investors expect higher prices this week; 26% see lower prices; 21% are neutral on the outlook for gold.

Although retail investors remain bullish on gold, market sentiment has fallen to its lowest level since May. Retail investors forecast gold to end the week at around $1,982 an ounce.

While most experts remain cautiously optimistic, some see gold's bounce off support around $1,930 an ounce as a strong bullish signal.

Michele Schneider, director of trading research and education at MarketGauge, said he remains bullish on gold as inflation remains a threat. James Stanley, senior market strategist at Forex.com, also said he expects gold prices to continue to rise.

With domestic gold prices remaining almost unchanged and world gold prices listed at Kitco at 1,957.1 USD/ounce (equivalent to nearly 55.8 million VND/tael if converted at Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is currently over 11 million VND/tael.

TRAN HOAI