The price movement of SJC gold bars is quite surprising in the current economic context.

(NLDO) – The price of SJC gold bars and gold rings increased by half a million dong following the upward trend of world prices.

SJC gold bar price highest in 1 month

The price of SJC gold bars on July 12 recorded a sharp increase, reaching VND119.5 million per tael for buying and VND121.5 million per tael for selling. This growth was up to VND500,000 compared to the previous day, showing that the gold market is becoming more vibrant. This is the highest price in nearly a month, attracting the attention of many investors in the current volatile context.

99.99 gold rings are also not out of the trend, increasing by 500,000 VND per tael, to 115 million VND for buying and 117.5 million VND for selling. Notably, while the buying and selling price range of SJC gold bars is still maintained at 2 million VND per tael, the price range of gold rings has been widened by businesses to 2.5 million VND per tael.

Despite the price increase, the domestic gold market has remained quite quiet in recent days. Many people have chosen to stand aside and watch, waiting until July 15 - the deadline for the Government to request the State Bank to submit a draft Decree amending Decree 24/2012/ND-CP on the management of gold trading activities as requested by the Prime Minister .

Domestic gold prices rebound, reaching their highest level in nearly a month

Gold prices rise on uncertainty fears

In the world market, gold prices are also increasing strongly, closing the trading week at 3,357 USD/ounce, about 20 USD/ounce higher than the previous session, marking the third consecutive increase with a total increase of nearly 60 USD/ounce, equivalent to about 1.9 million VND per tael. Converted according to the listed exchange rate, the world gold price is currently about 106.3 million VND per tael.

It is worth noting that gold prices are still rising strongly even though the US dollar is also on the rise. The DXY index, which measures the strength of the US dollar, is currently at 97.87 points, up 0.22% from the previous session. Many investors are returning to gold due to concerns about new uncertainties about trade policy.

The Trump administration has just announced a new tax plan, with a tax rate of up to 35% on imports from Canada and expected to apply 15-20% on other trading partners, further increasing the demand for gold to hedge against risks.

Source: https://nld.com.vn/dien-bien-bat-ngo-cua-gia-vang-mieng-sjc-196250712091239849.htm