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Gold price this afternoon July 16, 2025: Domestic and world gold prices fell sharply, being sold off massively in the market

Gold price this afternoon, July 16, 2025: Domestic and world gold prices dropped sharply by half a million dong, as the USD continued to increase in price, investors rushed to sell to take profits

Báo Nghệ AnBáo Nghệ An16/07/2025

Domestic gold price today 7/16/2025

As of 4:30 p.m. on July 16, 2025, the domestic gold bar price has decreased sharply compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.6-120.6 million VND/tael (buy - sell), a decrease of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.6-120.6 million VND/tael (buy - sell), a decrease of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119.6-120.6 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 400 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by the enterprise at 118.6-120.6 million VND/tael (buy - sell), the price decreased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.9-120.6 million VND/tael (buy - sell), gold price decreased 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Gold price this afternoon July 16: Gold price drops sharply, massive sell-off

As of 4:30 p.m. on July 16, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.6-118.1 million VND/tael (buy - sell); the price remained the same for buying - decreased by 500,000 VND/tael for selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.3-118.3 million VND/tael (buy - sell); the gold price decreased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, July 16, 2025 is as follows:

Gold price today
July 16, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
118.6 120.6
-500 -500
DOJI Group
118.6
120.6
-500
-500
Red Eyelashes
119.6 120.6
-400 -400
PNJ
118.6
120.6
-500 -500
Bao Tin Minh Chau
118.6
120.6
-500 -500
Phu Quy 117.9 120.6
-500 -500
1. DOJI - Updated: July 16, 2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 118,600 ▼500K 120,600 ▼500K
AVPL/SJC HCM 118,600 ▼500K 120,600 ▼500K
AVPL/SJC DN 118,600 ▼500K 120,600 ▼500K
Raw material 9999 - HN 108,300 ▼200K 109,100 ▼500K
Raw material 999 - HN 108,200 ▼200K 109,000 ▼500K
2. PNJ - Updated: July 16, 2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 11,860 12,060
PNJ 999.9 Plain Ring 11,470 11,760
Kim Bao Gold 999.9 11,470 11,760
Gold Phuc Loc Tai 999.9 11,470 11,760
999.9 gold jewelry 11,420 11,670
999 gold jewelry 11,408 11,658
9920 jewelry gold 11,337 11,587
99 gold jewelry 11,313 11,563
750 Gold (18K) 8,018 8,768
585 Gold (14K) 6,092 6,842
416 Gold (10K) 4,120 4,870
PNJ Gold - Phoenix 11,470 11,760
916 Gold (22K) 10,450 10,700
610 Gold (14.6K) 6,384 7,134
650 Gold (15.6K) 6,851 7,601
680 Gold (16.3K) 7,201 7,951
375 Gold (9K) 3,641 4,391
333 Gold (8K) 3,116 3,866
3. SJC - Updated: 7/16/2025 4:30 PM - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,600 ▼500K 120,600 ▼500K
SJC gold 5 chi 118,600 ▼500K 120,620 ▼500K
SJC gold 0.5 chi, 1 chi, 2 chi 118,600 ▼500K 120,630 ▼500K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 114,200 ▼400K 116,700 ▼400K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 114,200 ▼400K 116,800 ▼400K
Jewelry 99.99% 114,200 ▼400K 116,100 ▼400K
Jewelry 99% 110,450 ▼396K 114,950 ▼396K
Jewelry 68% 72,205 ▼272K 79,105 ▼272K
Jewelry 41.7% 41,668 ▼166K 48,568 ▼166K

World gold price today July 16, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 p.m. on July 16, Vietnam time, was 3,341.17 USD/ounce. Today's gold price decreased by 21.27 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,330 VND/USD), the world gold price is about 109.52 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.08 million VND/tael higher than the international gold price.

Last night, the world gold price suddenly increased sharply due to the increased risk aversion as the market entered the beginning of the week. The demand for precious metals such as gold pushed the price up. However, the increase did not last long because many investors quickly took profits after the price increased.

Specifically, spot gold price decreased by 0.63%, while gold futures in the US increased slightly by 0.18%, reaching 3,340.72 USD/Ounce.

The dollar index fell from a one-month high, making gold cheaper for investors using other currencies. The yield on 10-year U.S. government bonds also fell from multi-week highs.

"Many countries are still negotiating with the US on tariffs. There is still a lot of uncertainty in the market, causing many people to seek safe assets like gold," said Brian Lan, CEO of GoldSilver Central (Singapore).

Gold prices are under pressure after receiving two important reports from the world's largest economy, making many investors more cautious.

According to the latest report from the New York branch of the Federal Reserve Bank of America, the Empire State index in July jumped from -16 to 5.5 points, moving into positive territory for the first time since February. This figure far exceeded the forecast of experts, who only expected -9 points.

As soon as this information was announced at 8:30 p.m. on July 15 (Vietnam time), the spot price of gold immediately dropped sharply. This shows that when the US economy shows signs of strengthening, gold prices often decrease due to a decrease in demand for safe havens.

At the same time, the US Bureau of Labor Statistics announced that the consumer price index (CPI) in June increased by 0.3% compared to the previous month, higher than the 0.1% in May. Compared to the same period last year, inflation reached 2.7%, exceeding the forecast of 2.6%.

Besides gold, spot silver prices rose 0.5% to $37.88 an ounce. Platinum rose 0.3% to $1,376.75, while palladium edged down 0.1% to $1,204.97.

Gold Price Forecast

Currently, gold prices are caught between two factors: on one side, the demand for safe havens is weakening due to the recovery of the US economy, on the other side, inflationary pressures are still present. This makes it difficult for gold to overcome the important resistance level at $ 3,400 / ounce.

According to experts, only when the Fed officially announces a rate cut will gold have a chance to increase sharply and challenge the historical peak set in April. Meanwhile, the market still needs clearer signals about monetary policy and global economic trends.

Despite experiencing a sharp decline, gold prices are still receiving support from uncertainties in the global market. One of the main reasons is trade tensions between the US and many other countries.

In addition, relations between the US and Russia have also become more tense after the Trump administration announced that it would provide weapons to Ukraine through NATO and impose a 100% tax on countries importing oil and gas from Russia.

Although the Federal Reserve did not cut interest rates in July as many expected, markets are still expecting a move in September, even with recent inflation data rising. Chris Zaccarelli, chief investment officer at Northlight Asset Management, said that while U.S. inflation has not risen too sharply, the economy still faces many risks.

Gold is currently well supported at around $3,300 an ounce. However, experts say that gold needs a stronger catalyst to break above $3,400 and challenge the historic high of $3,500 an ounce. A rate cut from the Fed is seen as the most important factor that could help gold prices rise again.

US Treasury Secretary Scott Bessent, who may be nominated by President Trump to be the next Fed chairman, said that it is not necessary to rely too much on a single inflation figure. According to him, it is important to assess the overall trend, and currently inflation does not show signs of accelerating.

Mr. Bessent also emphasized that the Fed has made many mistakes in forecasting in the past, and this time may be no exception. This shows that monetary policy in the coming time still has many uncertain factors, which can affect the gold market.

Source: https://baonghean.vn/gia-vang-chieu-nay-16-7-2025-gia-vang-trong-nuoc-va-the-gioi-giam-manh-bi-ban-thao-o-at-tren-thi-truong-10302418.html


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