Gold price today 07/05: Gold ring buyers immediately lost 3 million VND

Domestic gold prices remain stable, but buyers will suffer losses as the difference between buying and selling prices remains high.

On the morning of July 5, the price of gold bars at Saigon Jewelry Company (SJC) remained unchanged at VND118.9 million/tael for buying and VND120.9 million for selling. Similarly, the price of 4-number-9 gold rings at SJC remained unchanged at VND114.3 million for buying and VND116.8 million for selling. The price of gold rings at PNJ also remained unchanged at VND114.8 million for buying and VND117.4 million for selling; Doji bought at VND115.5 million for selling and VND117.5 million for selling; Bao Tin Minh Chau bought at VND115.7 million for selling and VND118.7 million for selling...

Although the price of gold rings remained stable, the buying and selling difference remained high, causing buyers to immediately lose 3 million VND/tael.

Gold price on the morning of July 5 remained stable, but gold ring buyers immediately lost 3 million VND (PHOTO: NGOC THANG)

World gold prices rose again to over $3,300/ounce. At the end of the week, world gold reached $3,335.93/ounce, up nearly $9 compared to yesterday. The precious metal rose after President Donald Trump's tax cut bill was passed by the US Congress on July 3. This bill extends tax cuts from 2017, increases spending on border security and the military, and sharply cuts the budget for two major health programs, Medicare and Medicaid. Meanwhile, the new bill brings new tax cuts that he promised during his 2024 election campaign. The US Congressional Budget Office estimates that this bill will add $3.4 trillion over a decade to the country's $36.2 trillion debt.

According to some analysts, the passage of this bill means that there is no progress in restructuring the financial situation in the US. Therefore, in the long term, the USD will weaken and gold will increase.

In addition, President Donald Trump announced that letters outlining import tariffs would begin to be sent on July 4, signaling a change from previous commitments to negotiate individual trade deals. If Trump insists on imposing new tariffs from July 9, that would also support gold prices./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-572025-nguoi-mua-vang-nhan-lo-ngay-3-trieu-dong-18525070507333402.htm

Source: https://baolongan.vn/gia-vang-hom-nay-05-7-nguoi-mua-vang-nhan-lo-ngay-3-trieu-dong-a198182.html