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Gold price on the afternoon of July 7, 2025: Domestic and world gold prices plummeted

Gold price this afternoon, July 7, 2025: Domestic and world gold prices both plummeted, decreasing by 400,000 VND/tael and 25 USD/ounce respectively.

Báo Nghệ AnBáo Nghệ An07/07/2025

Domestic gold price today July 7, 2025

As of 5:00 pm on July 7, 2025, the domestic gold bar price has decreased sharply compared to yesterday. specific:

DOJI Group listed the price of SJC gold bars at 118.5-120.5 million VND/tael (buy - sell), a decrease of 400 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 118.5-120.5 million VND/tael (buy - sell), a decrease of 400 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 119.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 300 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.5-120.5 million VND/tael (buy - sell), a decrease of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.8-120.5 million VND/tael (buy - sell), gold price decreased 400 thousand VND/tael in both buying and selling directions compared to yesterday.

Gold price on the afternoon of July 7, 2025: Domestic and world gold prices plummeted

As of the afternoon of July 7, 2025, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 115-117 million VND/tael (buy - sell); the price decreased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.2-118.2 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 7, 2025 is as follows:

Gold price today
July 7, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
118.5 120.5
-400 -400
DOJI Group
118.5
120.5
-400
-400
Red Eyelashes
119.5 120.5
-300 -300
PNJ
118.5
120.5
-400 -400
Minh Chau Newspaper
118.5
120.5
-400 -400
Phu Quy 117.8 120.5
-400 -400
1. DOJI - Updated: July 7, 2025 17:00 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 118,500 ▼400K 120,500 ▼400K
AVPL/SJC HCM 118,500 ▼400K 120,500 ▼400K
AVPL/SJC DN 118,500 ▼400K 120,500 ▼400K
Raw material 9999 - HN 107,900 ▼400K 112,000 ▼500K
Raw material 999 - HN 107,800 ▼400K 111,900 ▼500K
2. PNJ - Updated: July 7, 2025 17:00 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 11,850 12,050
PNJ 999.9 Plain Ring 11,420 11,690
Kim Bao Gold 999.9 11,420 11,690
Gold Phuc Loc Tai 999.9 11,420 11,690
999.9 gold jewelry 11,340 11,590
999 gold jewelry 11,328 11,578
9920 jewelry gold 11,257 11,507
99 gold jewelry 11,234 11,484
750 Gold (18K) 7,958 8,708
585 Gold (14K) 6,045 6,795
416 Gold (10K) 4,086 4,836
PNJ Gold - Phoenix 11,420 11,690
916 Gold (22K) 10,376 10,626
610 Gold (14.6K) 6,335 7,085
650 Gold (15.6K) 6,799 7,549
680 Gold (16.3K) 7,146 7,896
375 Gold (9K) 3,611 4,361
333 Gold (8K) 3,090 3,840
3. SJC - Updated: July 7, 2025 17:00 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,500 ▼400K 120,500 ▼400K
SJC gold 5 pieces 118,500 ▼400K 120,520 ▼400K
SJC gold 0.5 chi, 1 chi, 2 chi 118,500 ▼400K 120,530 ▼400K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 113,900 ▼400K 116,400 ▼400K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 113,900 ▼400K 116,500 ▼400K
Jewelry 99.99% 113,900 ▼400K 115,800 ▼400K
Jewelry 99% 110,153 ▼396K 114,653 ▼396K
Jewelry 68% 72,001 ▼272K 78,901 ▼272K
Jewelry 41.7% 41,543 ▼166K 48,443 ▼166K

World gold price today 7/7/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 5:00 pm on July 7, Vietnam time, was 3,310.46 USD/ounce. Today's gold price decreased by 25.77 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,345 VND/USD), the world gold price is about 108.58 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.92 million VND/tael higher than the international gold price.

World gold prices fell slightly due to the increase in the value of the USD, while investors waited for information on trade before the deadline for imposing tariffs by US President Donald Trump.

specifically, spot gold price decreased by 0.77%, while gold futures in the US decreased by 0.83% to 3,309.83 USD/Ounce.

The dollar rose 0.4% against other currencies, making gold more expensive for foreign investors. Data last week showed US employment rose sharply in June, dampening expectations that the Federal Reserve will cut interest rates soon.

Minutes of the Fed's most recent meeting, due this week, could shed more light on the path of interest rate adjustments.

President Trump said the US was close to finalizing several trade deals and would announce higher tariffs to other countries by July 9, effective August 1. He had previously threatened to impose 10% tariffs on countries that support the anti-US policies of the BRICS bloc.

Nitesh Shah, strategist at WisdomTree, said: 'The 90-day period of low tariffs is coming to an end without any breakthrough trade deal. This could lead to a slowdown in global trade, which is bad for the economy but supportive for gold.'

Besides gold, silver fell 0.9% to $36.56 an ounce, platinum lost 2.5% to $1,357.25 and palladium fell 2.1% to $1,111.21.

Gold Price Forecast

Sean Lusk, co-director of hedging at Walsh Trading, said gold prices are overbought and could fall to $3,123–$3,225 an ounce.

However, he believes that the long-term trend of gold prices is still increasing thanks to trade stability and economic policies. He also believes that cutting interest rates is not necessary due to economic stability and reduced inflation.

Adrian Day, president of Adrian Day Asset Management, predicts that gold prices could fall due to the Fed's interest rate cuts, the tariff deal and slowing central bank demand for gold. However, he believes the decline will be short-lived.

Colin Cieszynski, chief strategist at SIA Wealth Management, said the Fed was in a dilemma: falling inflation warrants rate cuts, but a strong economy requires rate hikes. He warned that rate cuts could be interpreted as a sign of recession, even though history shows that they often boost the stock market.

Source: https://baonghean.vn/gia-vang-chieu-ngay-7-7-2025-gia-vang-trong-nuoc-va-the-gioi-cam-dau-giam-10301778.html


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