On the morning of 22/6, Saigon Jewelry Company (SJC) listed gold bar prices at 145,7 - 148,7 million dong, an increase of 1,2 million dong per tael compared to the end of last week. At Mi Hong, this type of gold was traded around 146,2 - 148,2 million dong per tael.

Plain gold rings also saw an increase, with SJC and PNJ raising their prices to 145,6 - 148,6 million dong per tael. DOJI traded plain gold rings at 145,7 - 148,7 million dong per tael.

On the international market, spot gold prices saw a slight increase on the first trading session of the week, reaching 4.187 USD per ounce. The difference between domestic and world gold prices remained around 15 million dong per tael.

In its latest report, JP Morgan forecasts gold prices could reach 6.000 USD per ounce by the end of this year and 6.300 USD by the end of 2027. However, the firm noted that investors are showing less interest in the precious metal.

The potential for the US Federal Reserve (Fed) to raise interest rates in response to inflationary pressures from energy prices has diminished investor expectations for gold. Nevertheless, JP Morgan believes that long-term supporting factors for gold, such as inflation, US fiscal risks, and geopolitical instability, persist.

In the precious metals market, world silver prices also saw a slight 1% increase early in the week, reaching the 65,5 USD per ounce range. Domestically, Phu Quy, DOJI, and Sacombank - SBJ traded silver bars in the 2,5 - 2,57 million dong per tael range, equivalent to about 66,4 - 68,4 million dong per kilogram.

Quynh Trang