Gold price today 7/12/2025: Up!

Gold price today 7/12/2025

At the time of survey at 4:30 a.m. on July 12, 2025, the price of gold bars was listed by some businesses specifically as follows:

The price of SJC gold bars was listed by Saigon Jewelry Company Limited, Bao Tin Minh Chau , DOJI Group and PNJ at 119-121 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both buying and selling directions.

Currently, the difference between buying and selling prices of SJC gold bars at large companies is commonly at 2 million VND/tael.

Meanwhile, Phu Quy Group listed the price of SJC gold bars at 118.3-121 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.7 million VND/tael.

At Mi Hong gold shop, the selling price of SJC gold bars is at 119.8-120.8 million VND/tael for buying and selling respectively. Compared to yesterday, the buying and selling prices increased by 400,000 VND/tael. The difference between buying and selling prices of gold here is only 1 million VND/tael, half of the difference at large gold companies.

World gold price today 7/12/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was at 3,361.07 USD/ounce. Today's gold price increased by 1.4% compared to yesterday. Converted according to the USD exchange rate on the free market (26,363 VND/USD), the world gold price is 106.8 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 14.2 million VND/tael higher than the international gold price.

Diễn biến giá vàng thế giới trong 24h qua. — World gold price developments in the past 24 hours.

Global stock markets fell after Trump said the US would impose a 35% tariff on imports from Canada next month, Reuters reported. He is also considering imposing tariffs of 15-20% on most other trading partners. This week, Trump also announced a 50% tariff on copper and goods from Brazil.

“We are in a phase where the ‘uncertainty premium’ has returned to the market, and this is helping gold attract safe-haven flows,” said Aakash Doshi, global head of gold strategy at State Street Global Advisors. “I think gold is likely to trade in the $3,100-$3,500/ounce range in Q3. After a very strong first half of the year, it is now time for the market to enter an accumulation phase.”

Meanwhile, US Federal Reserve Governor Christopher Waller stressed that the Fed could cut interest rates at its policy meeting later this month. The market is now expecting the Fed to cut a total of 50 basis points between now and the end of the year.

While gold edged up slightly, other precious metals rallied more strongly. Spot silver rose 2.1% to $37.79 an ounce; platinum rose 1.4% to $1,379.15 and palladium rose 2.6% to $1,171.18 an ounce.

After Mr Trump’s copper tariff announcement this week, the spread between US silver, platinum and palladium futures and London benchmarks widened, sending borrowing rates soaring, traders said.

“Investors were forced to cover positions on the NYMEX/COMEX and were forced to borrow to cover in the counter market,” said a precious metals trader, but the move did not have much impact on the gold market.

Source: https://baohatinh.vn/gia-vang-hom-nay-1272025-bat-tang-post291568.html