This development originated from the international market. Early this morning, the world gold price was trading at 3,389 USD/ounce, down more than 40 USD/ounce compared to the peak in the trading session last night, as well as the same time the day before.
Gold prices fell sharply as the market received positive news from the trade agreement between the US and Japan.

At 9:00 a.m., the price of precious metals was trading at 3,388 USD/ounce, about 14.7 million VND/tael lower than the domestic gold price.
In the domestic market, at the opening, businesses listed the price of SJC gold bars at 120 million VND/tael (buy) - 122 million VND/tael (sell), down 700,000 VND/tael each way compared to the end of yesterday.
The price of gold rings also went down, but the decrease was less severe. Saigon Jewelry Company Limited set the price of gold rings of type 1-5 at only 115 million VND/tael (buy) - 117.5 million VND/tael (sell), down 500,000 VND/tael each way.
Phu Quy Group adjusted down from 116.2 million VND/tael (buy) - 119.2 million VND/tael (sell) to 115.8 million VND/tael (buy) - 118.8 million VND/tael (sell).
In the same trend, Bao Tin Minh Chau Company Limited set the price at 116.7 million VND/tael (buy) - 119.7 million VND/tael (sell), 500,000 VND/tael lower than the end of the previous day each way.
Yesterday, July 23, the price of SJC gold bars increased by 700,000 VND/tael, approaching the 123 million VND/tael mark - the highest level in over 2 months; the price of gold rings also increased, with some places listing above the 120 million VND/tael mark.
Source: https://hanoimoi.vn/gia-vang-giam-manh-xuong-moc-122-trieu-dong-luong-710195.html
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