World gold price increased sharply
Yesterday gold price on the market witnessed a sharp increase to $2,006.63 per ounce; while the domestic gold
As of June 21, 2026, gold prices in Vietnam have seen a considerable decrease, with losses reaching up to 4 million VND per tael in just one week. This downturn has been attributed to a combination of high buy-sell spreads and market pressures.
Current Gold Prices
The SJC gold price closed the week at 144.2-147.2 million VND per tael for buying and selling, with a buy-sell spread of 3 million VND. Compared to the previous week, the price increased by 200,000 VND in both buying and selling directions.
At the same time, DOJI also listed its SJC gold at the same price range, indicating a consistent market trend. Investors who purchased SJC gold on June 14 and sold on June 20 faced a loss of 2.8 million VND per tael.
Gold Ring Prices
For gold rings, DOJI set the price at 144.2-147.2 million VND per tael, reflecting a similar increase. However, Phu Quy Group listed its gold rings at 143-146.5 million VND, showing a decrease of 1 million VND for buying and 500,000 VND for selling. Investors in Phu Quy faced a loss of 4 million VND per tael if they sold on June 20.
Global Gold Market Trends
On the international front, gold prices closed at 4,154.7 USD per ounce, down 63.6 USD from the previous week. The market is under pressure due to the Federal Reserve's firm stance on monetary policy, which has made investors cautious.
Despite the Fed maintaining interest rates, the signals of potential tightening have reduced gold's appeal. With US Treasury yields remaining high and a strong US dollar, speculative funds are shifting towards more profitable assets.
Future Predictions
Looking ahead, the gold market is expected to remain volatile. A survey by Kitco News indicated that 70% of Wall Street experts predict a decline in gold prices for the coming week, while individual investors are slightly more optimistic, with 54% expecting an increase.
Kevin Grady, President of Phoenix Futures and Options, highlighted that the 4,000 USD per ounce level remains a crucial psychological support for gold. However, without a resurgence in buying activity, prices may test recent lows again.
Next week, attention will turn to various US economic data, including PMI, adjusted GDP for Q1, and inflation metrics, which could significantly impact interest rate expectations and, consequently, gold prices.
