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Domestic gold prices were steady in the afternoon session on 9 June 2026 after a sharp drop the previous day. Major firms kept their listed prices unchanged, while world gold prices edged higher as investors remained cautious amid new developments in the Middle East and expectations around US rate policy.
Jewelry gold at SJC, PNJ, DOJI, and Bao Tin Minh Chau was quoted at 138.8–143.8 million VND per tael (buy to sell). Bao Tin Manh Hai traded jewelry gold at 138.8–143.6 million VND per tael.
For bullion, SJC, PNJ, DOJI, Bao Tin Minh Chau, and Bao Tin Manh Hai were quoted at 138.8 million VND (buy) to 143.8 million VND (sell) per tael.
Compared with the close of the previous session, jewelry and bullion prices at the surveyed brands were unchanged. The market was relatively quiet after the 7–9 million VND per tael decline on 8 June.
On the international market, spot gold traded near 4,342 USD/ounce in early afternoon trading, up 0.3% from the previous close. Earlier in the week, gold had risen 0.05% but remained near its lowest level since the start of 2026.
Gold generally rose mildly on Tuesday as investors assessed a fragile Israel–Iran ceasefire and monitored ongoing Middle East tensions. Reports said Iran and Israel announced a ceasefire, but Tehran warned it would resume hostilities if Israel continues attacking Hezbollah in Lebanon.
US monetary policy expectations also remained central. Goldman Sachs forecast that the Federal Reserve will hold rates through the end of 2026 and begin cutting only in 2027, citing continued positive US growth and a solid labor market. The CME FedWatch tool showed traders assigning a probability above 70% for a 25 basis point rate increase at the December meeting.
Investors are set to focus on the US CPI for May due on Wednesday, described as a key gauge for inflation and the Fed’s future policy direction.
Kyle Rodda Waterer said gold could retest the 5,500 USD/ounce level by year-end, supported by central bank buying, though such a scenario would likely require declines in oil prices, bond yields, and the USD.
Notes from the morning session on 9 June indicated domestic prices remained near the lows after the prior-day drop, with selling prices around 144 million VND per tael across the market. Jewelry and bullion ranges were reported at 138.6–143.8 million VND and 138.8–143.8 million VND per tael, respectively.
Internationally, spot gold opened around 4,317 USD/ounce, down 0.3% from the previous close, after a marginal gain earlier in the week. Prices stabilized as markets weighed mixed factors: prospects of a ceasefire supported some recovery, but gains were capped by a still-strong US dollar.
Citi also trimmed its near-term gold target from 4,300 to 4,000 USD/ounce, citing higher US rates and ongoing tensions in the Hormuz Strait alongside elevated energy costs.
